Investors who leave their cryptocurrency in the custody of an exchange are like people who invest in Starbucks even though they don't drink their coffee. They might make good technical money, but their actual understanding of use cases and value propositions is questionable.
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Replying to @NickSzabo4
Also they might wake up one day and log in to pull coins only to discover they’re on the slow boat to China with the exchange’s founder. (Shout out to Crypsty, hope y’all spent my money on cool shit!)
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Replying to @TradingEveryth1
Indeed, it's a risk *and* a value prop they don't understand, all rolled into one big mistake.
4:00 PM - 20 Feb 2019
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