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PLEASE do not store more coins on an exchange (including

) than you need to actively trade. Use

. DEXes are not a panacea -- look at The DAO. Open source just means exploits will be discovered sooner (probably not by good guys). 🙏

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Bitcoin is Saving

@BitcoinIsSaving

· Jan 15, 2019

“You fight hackers yourself, and guard from losing [password] yourself. Computer breaks, [2fa] gets lost.” More individual exchange accounts have been hacked than individual wallets. Disappointing but not surprising to see “industry leaders” spread bad info. twitter.com/cz_binance/sta…

1:31 AM · Jan 16, 2019Twitter Web Client

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You don't see many CEOs willing to speak about the dangers of their product. This is one of the reasons I love crypto.

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Can't someone just come in and take your Ledger? Jesse, you presumably made hundreds of millions! Shouldn't you be funding real solutions? Like

vaults or whatever?

Sure, people can steal what they know you have. They'd need the passcode to spend the funds. If they didn't get the passcode, you'd just restore the wallet from your seed to a new device later. It's no secret exchanges have lots of crypto, and you don't need a gun to rob them.

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Just use

and be done with it.

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Listen to the man. I’m an OG and remember trading bitcoin on an exchange called MINTPAL? Anybody remember those assholes? Still mad about that. 😤

Yep - when

went in "maintenance mode" it just drew parallel in my mind with

...

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Does anyone know? When an exchange is hacked and coins stolen, can they take coins that are on the order books or only sitting idle? From an investor perspective, the exchange won't let you move funds that are on the books. Is having sell orders stacked a measure of protection?