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>all the exchanges I have used have ended up dead, The fact that MtGox was run by a bozo was obvious from the day Karpeles gave his first interview. Hinsight
by ur-whale 4y ago
>all the exchanges I have used have ended up dead,
The fact that MtGox was run by a bozo was obvious from the day Karpeles gave his first interview.
Hinsight is 20/20, but the very same could be said from the FTX crew.
See this for what I mean: https://www.youtube.com/watch?v=zTFhnpf-IE0 https://www.youtube.com/watch?v=zTFhnpf-IE0
I've been using Bitstamp since 2013 ... they're still here and ticking along nicely.
They were hacked once in their entire history and they swallowed the loss and customers were made whole.
Also: in spite of me liking Bitstamp, I've never left any amounts on there, be it cash or crypto for more than a couple of days.
What is the point of owning crypto if you're going to leave it on an exchange?
By doing that, you're basically eliminating the one key characteristic of the medium that no other financial instrument has, save perhaps gold buried in a hole in the forest.
Repeat after me: Not Your Keys, Not Your Coins.