Conversation

Jesse Powell
@jespow
PLEASE do not store more coins on an exchange (including
@krakenfx
) than you need to actively trade. Use
@LedgerHQ
or
@Trezor
. DEXes are not a panacea -- look at The DAO. Open source just means exploits will be discovered sooner (probably not by good guys). 🙏
Quote Tweet
Bitcoin is Saving
@BitcoinIsSaving
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“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…
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Jesse Powell
@jespow
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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Andrew Quentson
@Aquentson
Jesse don't bullshit talk me. There are plenty of app level solutions ala vault or whatever. As an early bitcoin adopter, what you funding to making fund holding safer from gunpoint besides telling ppl to buy a brick from a company you've invested in?
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