Degen, how are you doing?
The latest on Elon Musk’s multi-billion dollar eternal quest for verificationThe world’s richest man has failed in his attempt to forge a relationship with Twitter and the Block co-founder. jack city This week we discuss the importance of self-storage for your cryptocurrency assets.
“It’s not keys or a wallet,” Musk wrote in response to Dorsey on Thursday. Bitkey AnnouncementBlock’s new self-managed Bitcoin wallet.
In fact, that’s not what they say.
For years, privacy and decentralization advocates holding cryptocurrencies have expressed their fears about the risk of centralized actors taking over the digital asset industry with one single mantra: Not a key or a coin.
This saying makes sense. The argument goes that if a person does not personally hold the keys to his or her cryptocurrency wallet, but instead trusts a third party to monitor those funds, that person cannot meaningfully assert that he or she controls his or her coins.
In the cryptocurrency space, there have been numerous failures by third parties to protect user assets. Most notable is the recent criminal activity at FTX, where the exchange forfeited customer deposits to raise funds. numerous illegal activities—Reinforced the belief among cryptocurrency natives that self-management of assets is the only appropriate way to hold cryptocurrencies.
Many cryptocurrency advocates don’t just know that. They live by it. Musk has been a passionate player for a long time. cryptocurrency devoteeYou clearly don’t know that phrase.
Twitter users immediately jumped on the error, reveling in Musk’s latest gaffe.
“You know what they say.” Bitcoin enthusiast and co-founder of Taproot Wizards woody wertheimer I answered. “If you can’t bite, throw a coin.”
Last week, Musk unwittingly found himself at the center of yet another cryptocurrency news story, one in which he went on a public rant. He has repeatedly admonished advertisers who left Twitter after the billionaire posted anti-Semitic posts.Inspiring Meme Coins It has an astonishing market capitalization of $7.28 million. As expected, it went to 0.
Editor: Andrew Hayward
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