Conversation

If you've been holding your #LUNA / #UST with custodians, it's time to make your voices heard. There's a view that if you had a balance on exchange, you must have been a seller (traitor), not a hodler, and therefore deserve no consideration in any bailout/fork/airdrop scenario.

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Jesse Powell

@jespow

May 15

2/ Other reasons to custody on-exchange besides intent to sell: * you bought and never withdrew * you don't trust yourself with custody * balance too small to justify self-custody hassle / transfer fees * collateral value / account equity for margin * staking

@LukeDashjr@BitcoinHackers.org on Mastodon

@LukeDashjr

May 15

If it were Bitcoin, I would answer that none of those are good excuses, and people keeping bitcoins on an exchange are necessarily harming Bitcoin no matter the excuse given.

Jesse Powell

@jespow

Replying to

@LukeDashjr

What if you have $0.50 worth of #btc? Better to pay fees and withdraw it, leave it on, or sell it because it’s not worth having such a small amount?

11:22 PM · May 15, 2022Twitter for iPhone

@LukeDashjr@BitcoinHackers.org on Mastodon

@LukeDashjr

May 15

Replying to

@jespow

Not worth even considering for bailout/airdrop/etc either ;)