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Author Topic: Not Your Keys Not your Coins Banner Needed Everywhere?  (Read 656 times)
PrivacyG
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November 19, 2022, 09:21:01 AM
 #41

No matter how many times the banner gets shown even as a popup, there are those that can't resist the APR or free money by parking their funds at a website they deem "safe".
True, sort of.  I used to think Bitcoin Core was just as safe as any other Wallet or Exchange although I was already educating myself about Bitcoin.  Did not even know what custodial and non custodial Wallets meant.  I only found out about safety of Decentralized, Open Source wallets much later.  So while I get it and there are a ton of stubborn people, there are also those who truly do not know it is unsafe for funds to sit in an Exchange or Custodial Wallet and need a message that pops up in their eyes to be woken up to reality.

Do you seriously want to see newbies complaining about their exchange's bankruptcy with an ironic "not your keys, not your coins" followed?  Tongue
Call me a psychopath, I honestly want this.

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PrivacyG

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Pmalek
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November 20, 2022, 08:35:32 AM
 #42

I am actually glad theymos didn't use the standard slogan we keep hearing all over the place. Those who know what it means, are already not keeping coins with custodians. Those that don't, either don't care or are thinking it's (hopefully) not going to happen to me. Displaying it all over the place will probably not change things too much.

"Don't keep your money in online accounts" is OK, but If I could pick a message, I would be more specific and say: Don't keep your money on cryptocurrency exchanges. The same can be said for any other centralized services (like casinos), but it's the exchanges that cause most of the problems. 

Changed my signature.
I don't know if someone mentioned this to you already, but all the text in your signature isn't fully visible on the forum. I can only see the top of "1) be like JJG just DCA". It's just enough for me to copy the text and paste it somewhere, but I can't read what it says from your signature space.

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JollyGood
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November 30, 2022, 11:21:40 PM
 #43

If theymos had used that slogan it maybe could have been perceived as an endorsement of that particular website therefore maybe he decided to use something else. I would prefer your approach of mentioning exchanges too as it might be more effective but at least some sort of message is being put out there as a warning and that is a good thing.

I am actually glad theymos didn't use the standard slogan we keep hearing all over the place. Those who know what it means, are already not keeping coins with custodians. Those that don't, either don't care or are thinking it's (hopefully) not going to happen to me. Displaying it all over the place will probably not change things too much.

"Don't keep your money in online accounts" is OK, but If I could pick a message, I would be more specific and say: Don't keep your money on cryptocurrency exchanges. The same can be said for any other centralized services (like casinos), but it's the exchanges that cause most of the problems. 

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Welsh
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November 30, 2022, 11:43:10 PM
 #44

I am actually glad theymos didn't use the standard slogan we keep hearing all over the place. Those who know what it means, are already not keeping coins with custodians. Those that don't, either don't care or are thinking it's (hopefully) not going to happen to me. Displaying it all over the place will probably not change things too much.
Well, the popular saying isn't exactly beginner friendly either. We have to remember that we will have new users that aren't familiar with what a key is. Some might argue they should know that, but Bitcoin has now started to leak into the non technical user area, and people will generally learn as they go, rather than researching it before. Since, we're pretty much in the fear of missing out era, and people go in blind just in case they get lucky.

I said it before, but we've got to be as clear, and concise as possible without mentioning too much jargon, even if it's the most basic things as a key.
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