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When Mt Gox went under and it took my father's $11k gift to me along with it, it messed me up for awhile. The idea that my father had worked so many years to sa
by sillysaurusx 5y ago
When Mt Gox went under and it took my father's $11k gift to me along with it, it messed me up for awhile. The idea that my father had worked so many years to save up for me, and that I had squandered it in one day... it took a long, long time to make peace with that.
"Not your keys, not your coin" is trite, but true. I was an ardent, outspoken critic of Coinbase for a long time.
I was also wrong. Coinbase didn't lose the crypto. I don't know how they managed not to, but it was an excellent reminder that the most successful startups in history often seem like terrible ideas at the start. I'm weirdly proud of them, because I understand how difficult of an achievement that was to pull off at scale.
Just remember that the losers like me are forgotten in the sands of history. For every winner, there were dozens of horror stories you never hear about. Keep control over the assets that matter to you.
- deleted 5y ago[deleted]