Ever wonder why everyone keeps saying "not your keys, not your coins"?
Here's the thing - centralized platforms are playing ball with regulators more than ever. Your funds sitting there? Yeah, they're watching. They're reporting. They're cooperating.
Self custody isn't just some crypto bro talking point. It's literally what this whole space was built on. You holding your own keys means nobody can freeze you out, nobody needs permission to let you access YOUR money.
The irony? People jumped into crypto to escape traditional finance, then immediately handed their coins to... another centralized entity.
Move your assets. Control your private keys. That's not paranoia - that's the entire point.
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BearMarketSunriser
· 12-02 00:01
You are right, it is only when the platform does a Rug Pull that you understand what "not your keys, not your coins" means.
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Layer3Dreamer
· 11-30 04:38
theoretically speaking, if we model custody as a recursive state verification problem... the moment you deposit on cefi, you've essentially bridged from self-sovereign L1 to their proprietary rollup. there's no interoperability vector back to actual ownership lmao
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unrekt.eth
· 11-30 02:01
Really, the exchange is not your mom, why should it hold your coins for you?
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GasFeeCrybaby
· 11-29 17:50
You are right, another bunch of people are storing coins in the exchange while dreaming...
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CryptoSourGrape
· 11-29 17:47
If I had known it was this easy, I should have kept the key myself... now I regret it so much.
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ChainSauceMaster
· 11-29 17:38
A typical case of self-deception, really thinking that the exchange is a bank.
View OriginalReply0
GamefiHarvester
· 11-29 17:38
To be honest, those who still put coins on exchanges are just gambling, and freezing is just a matter of time.
Ever wonder why everyone keeps saying "not your keys, not your coins"?
Here's the thing - centralized platforms are playing ball with regulators more than ever. Your funds sitting there? Yeah, they're watching. They're reporting. They're cooperating.
Self custody isn't just some crypto bro talking point. It's literally what this whole space was built on. You holding your own keys means nobody can freeze you out, nobody needs permission to let you access YOUR money.
The irony? People jumped into crypto to escape traditional finance, then immediately handed their coins to... another centralized entity.
Move your assets. Control your private keys. That's not paranoia - that's the entire point.