Gold friends PLEASE read this piece. This is why you should never hold your physical gold at a bank. This is why I co-founded GBI in 2008 so that I could own and store outside the banking system. Finally, the thieving by the banks is being uncovered.
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This would never happen with Bitcoin because of its open transparent ledger
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Yes, but we still have ways of verifying estimates of their holdings through chain analysis
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Education is needed for people to know not to store their coins on exchanges. The difference between gold and Bitcoin is that the cost of secure self-custody is much lower with Bitcoin.
Also, exchanges who don't use Proof of Reserves should be seen as bad actors
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As time passes more and more people will control their own keys. The influence of exchanges will be felt less and less. Just my opinion...
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If you can convince the banks and miners to remove their txn processing fees, I’m there.
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Banking fees for removing your fiat, which is equally as exposed on an exchange as your crypto.