Annual Proof of Keys January 3rd

[mk4]

"For the duration of the day".  And then presumably go back to business as usual and forget about it for another year.  I mean, I don't see any other way to interpret that.  

In my view, I think they could be doing a much better job of explaining exactly what they mean on the https://www.proofofkeys.com/ homepage, because the intended message is clearly getting lost somewhere along the way.  I'm not saying it's a misguided effort on their part, but it should be abundantly clear that checking for exchange insolvency is a secondary objective and not the main purpose of the event.

Yeap. The proof of keys website really does lacks a lot of information. If you want to get a sort of more "in depth" information about the proof of keys movement though, I suggest listening to those What Bitcoin Did Podcast episodes whereas Peter McCormack(the podcast host) talks with Trace Mayer(the person who started the movement). Trace Mayer goes more in depth about the movement that isn't explained or mentioned on the website, as the website does need a lot more work.

[1715451995]

1715451995

[MarioV]

I consider the single days of abstention to something, one-off per year, totally useless. To have real effects one should always behave like this, in every field, to be consistent. Relatively to the crypto world, we URGENTLY need true and pure DEX!!!

Canadians are leading the way with non-custodial solutions. Only great things to say about https://bullbitcoin.com/
Take note, we need more like this!

I'm reading on that web site "Login" and "Signup". I don't know how permissionless it can be... Can you explain me this doubt, please?

[franky1]

ok. so proof of keys only started last year. so it was not truly an annual thing as this year is only the second time the event has occured.

and looking at how the 'bitcoin richlist' has not really changed over the last few days.. just shows that not many actually participated in it.

infact since last year there are more coins hoarded in addresses of 1000+ meaning more people are putting coins into custodial wallets than before this time last year

to me thats now more of a 'proof of failed campaign'

[moviebuff777]

I was not familiar with this event. It is a little cumbersome to move Bitcoin for just one day. I have some in a private wallet and some on an exchange but only because it’s easier to hold it there right now.

[Icygreen]

I consider the single days of abstention to something, one-off per year, totally useless. To have real effects one should always behave like this, in every field, to be consistent. Relatively to the crypto world, we URGENTLY need true and pure DEX!!!

Canadians are leading the way with non-custodial solutions. Only great things to say about https://bullbitcoin.com/
Take note, we need more like this!

I'm reading on that web site "Login" and "Signup". I don't know how permissionless it can be... Can you explain me this doubt, please?

Firstly, I understand the importance of having decentralized exchanges DEX and permission-less entry points. The fact is we are not there quite yet and it's neither easy nor convenient for the majority to get involved with.

This is not a permission-less exchange, in fact its only available for Canadians at the moment and is fully KYC and AML compliant. What it does do is forces buyers to provide their own BTC address for each purchase eliminating exchange custodial risks and encouraging holders to claim responsibility.  I also like that they are Bitcoin ONLY, also, all coins are freshly coin-joined and their spread is not gouging. They offer a convenient payment service called "bylls" that pays any Canadian financial institution directly with BTC.  Further, this platform does not support trading or even limit orders taking away the urge to "gamble". Account Funding via E-transfer during business hours is near immediate allowing one to effectively buy the dip. Buyers here are going long term, have conviction and are doing it for the right reasons.  
IMO its platforms like this that will succeed and pave the way forward toward adoption while fully satisfying government regulations.
By that it is not permission-less however I fully support their efforts in on-boarding Canadians in a very transparent, moral, and largely trust-less way congruent with BTC best practices while creating a role model business and healthy atmosphere for the Bitcoin space in general.

Creator, Francis Pouliot from satoshi portal and co-creator Dave Bradley @bitcoinbrains

[Yaunfitda]

I was not familiar with this event. It is a little cumbersome to move Bitcoin for just one day. I have some in a private wallet and some on an exchange but only because it’s easier to hold it there right now.

You don't need to move your bitcoin in your private wallet since you have total control over it. This practice is more on your crypto's is sitting on an exchange or any third party. But it is not mandatory though, if you don't want to involved yourself moving funds around because of the hassle then don't do it, simply as that.