Proof of keys day: Difference between revisions
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Every year on January 3rd bitcoiners are encouraged to move their bitcoins to wallets under their full control. By withdrawing from exchanges and other custodians, [[Fractional Reserve Banking|fractional reserve]], "paper bitcoin", ponzis and other frauds are exposed. This makes Bitcoin stronger by removing weak and dishonest players from the market. | Every year on January 3rd bitcoiners are encouraged to move their bitcoins to wallets under their full control. By withdrawing from exchanges and other custodians, [[Fractional Reserve Banking|fractional reserve]], "paper bitcoin", ponzis and other frauds are exposed. This makes Bitcoin stronger by removing weak and dishonest players from the market. | ||
Proof of keys day celebrates Bitcoin as a '''store of value'''. | |||
Proof of keys day is based on the '''"Not your keys, not your Bitcoin"''' and '''"Don't trust, verify."''' Bitcoin maxims. | Proof of keys day is based on the '''"Not your keys, not your Bitcoin"''' and '''"Don't trust, verify."''' Bitcoin maxims. | ||
*See also: [[List of failed exchanges]] | *See also: [[List of failed exchanges]] | ||
*See also: [[Bitcoin holidays]] | |||
Latest revision as of 09:16, 22 May 2024
January 3rd is Proof of keys day.
Every year on January 3rd bitcoiners are encouraged to move their bitcoins to wallets under their full control. By withdrawing from exchanges and other custodians, fractional reserve, "paper bitcoin", ponzis and other frauds are exposed. This makes Bitcoin stronger by removing weak and dishonest players from the market.
Proof of keys day celebrates Bitcoin as a store of value.
Proof of keys day is based on the "Not your keys, not your Bitcoin" and "Don't trust, verify." Bitcoin maxims.
- See also: List of failed exchanges
- See also: Bitcoin holidays