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Perhaps people should get off these me-too-coin casinos and just self-custody their bitcoin if they are serious about saving.
by webXL 3y ago
Perhaps people should get off these me-too-coin casinos and just self-custody their bitcoin if they are serious about saving.
- whynotminot 3y agoThe amount of friends I have with non-trivial amounts of bitcoin they are unable to access anymore due to “self custody” says this isn’t always the best idea either. I don’t know what a good idea is when it comes to storing your bitcoin. But if you’re gonna go with one of the major players, at this time, Coinbase seems relatively safest.
- webXL 3y agoOdds are they lost access because they didn't treat it as something really valuable. A good idea is to learn how to safely store and backup your keys (plural). If you allow others to hold your bitcoin, particularly a large one that could easily be nationalized, you're playing with fire.
- Filligree 3y agoI've got a couple thousand bitcoin in self-custody, mined out of curiosity a couple days after Satoshi's initial announcement. The key is of course lost, but not to worry; I printed it out on a sheet of paper, which I buried in the garden of my dead grandmother's home. It's underneath the chicken coop. Anyone want to go digging?
- webXL 3y agoSure, let's go!