HELLO @ethereum !!! Please email me over at scotttaylor@sbgtv.com I'm a reporter looking for some answers for a viewer regarding your Company? Your press people do not respond. Thank you! @ABC7News
@BillGates #cryptocurrency #crypto #cryptonews #blockchain #bitcoin #euthereumhttps://twitter.com/ethereum/status/1166425719351762944 …
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Also for a great deal more information on Ethereum in general, check out a community curated information hub called EthHub: https://docs.ethhub.io/ethereum-basics/what-is-ethereum/ …
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Since there is no ownership or oversight of Ethereum itself, as an open, decentralized network maintained by thousands of people running code on computers globally, the community does its best to create resources, especially since the EF is geared more toward outreach & grants.
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To provide some preemptive information. If it’s about lost Ether, there is no centralized authority that can recover it for people. If kept on an exchange like
@coinbase , exchanges manage private keys for customers and have some ability to support. -
If it was moved off an exchange, it’s the individual’s responsibility to manage their private key, which is the only way to access that account. This is a feature of Ethereum and Bitcoin, no one can ever access your account, providing provable ownership and complete sovereignty.
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There is virtually no action that can be taken to recover lost ETH (sent to the wrong address, lost priv. key) as this would require thousands of nodes run mostly by anonymous global persons to work against their own interest and run new code.
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Even if client devs work together to release code that would make it possible, the people running nodes have to run that code, which they cannot be forced to do. I recommend looking at EIP-999 for a “recovery” case study:https://bitcoinmagazine.com/articles/evolving-debate-over-eip-999-can-or-should-trapped-ether-be-freed …
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There’s also no centralized authority that can perform chargebacks, intervene in or reverse legitimate, signed, transactions that have been confirmed, or recover / regenerate private keys. It is this trust minimized, self-reliant state that gives blockchain its value.
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In most cases, users of the network holding and transferring ETH and interacting with decentralized applications understand this nuance and the implications. Speculators unfamiliar with the tech are cautioned and educated as best as possible to avoid issues, but the risk remains
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This is why, for those who arent intending to *use* ETH or Bitcoin for transacting or apps, or don’t care about self-custody, self-sovereignty, or removing trusted third parties from the equation, it’s best to leave the ETH/BTC on exchanges, or look for less risky ventures.
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I realize that sounds a lot like “too bad” but that is how these networks and their cryptocurrencies work and guarantee security and censorship resistance, and anyone investing should understand that. Sadly, educational material is lacking in the nascent space.
End of conversation
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