Some advice, not your keys, not your coins!

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Avatar for francis105d1
1 year ago

Consider the following the day the dollar collapses; many economies will be affected by it. Don't think that the crypto world won't be affected because it will be positive or negative. It will depend on how you are saving your holdings. That is why it the importance to protect your private keys. That way, you secure your future.

Let me put it like it is, if you are putting your holdings of Bitcoin Cash in services that promise you a return, chances are you may lose your funds. Those applications that give interest for having your satoshis with them will take your money and run away, and you will lose your money all it. The United States, in a way, imposes restrictions on many companies or serves as a watchdog, but once the watchdog is dead, the foxes will kill the chickens and run with the spoils because the watchdog will be too busy with its problems.

I am telling you to remove your funds from interest-giving applications or any third-party custodian service like exchanges or any service that has access to your private keys. You will be sorry because it will be every man for himself like it has always been on the day of the collapse. Still, on the day of the failure, you will learn that the hard way, if you are leaving your satoshis in custodian wallets, it is not your money but someone else's property and not yours.

Consider what NoiseCash gives you as an interest payment to you. You won't need to risk your satoshis on third-party applications that promise you interest. When shit hits the fan, they will run with your money like any other worldwide emergency, especially if the one enforcing the rules is going under or bankrupt.

Yes, I do consider noise cash a giving interest to what little Bitcoin Cash I already own because I get to spread the news, and I get to apply that which I already hold and all of that for free, and in case you haven't noticed by now I am a fucking parrot with a keyboard.

Suppose you are looking for a return. Why not invest in SmartBCH or any other DeFi project that yields a return without surrendering your keys and without the need for custodians? You can stake, yield farm, and even margin trade on many of the DeFi protocols that now exist and that Bitcoin Cash will soon adopt on SmartBCH.

So hold your coins in your private key. Otherwise, you may regret it later.

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1 year ago

Comments

y comentando acerca del contenido educativo del bitcoin cash, envié la solicitud par patrocinar tu perfil y ayer vi la notificación que estaba probado y le di a enviar dinero y vi el cuadro de la transacción realizada, pero no se que paso, trate de buscar información acerca del proceso par ser un patrocinador pero no encontré algo que explicara a detalle, es la primera vez que intento hacer este paso es importante ser parte de la comunidad.

$ 0.01
1 year ago

Great read. Holding most of my coins in Atomic Wallet and staking most of the coins

$ 0.01
1 year ago

Exactly our holdings should be in our own control. It should be free from third party access. There is enough chances that watchdogs will run away with your money

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1 year ago