#Alice sends her coins to the exchange [Address_A] ---(1,000,000 sats)---> [Exchange_Deposit_Address_E] (Bob does nothing) ------------------------------------------------------------
#AFTER the transaction is confirmed Alice wallet [Address_A | PrivateKey_A | 0 sats] Bob wallet [Address_B | PrivateKey_B | 1,000,000 sats] Exchange wallet [Exchange_Deposit_Address_E | PrivateKey_E | 1,000,000 sats]
See Alice in the end has an IOU and if someone hacks the exchange (which happens all the time and is sometimes an inside job), then she's screwed. Bitcoin is safe. Exchanges are not. Not your keys, not your coins. As soon as she transfers her bitcoin to the exchanges address, they are holding it not her. IF someone hacks their computer systems, they gain control of those private keys and can send that bitcoin to their own addresses.
Guess what they do if they want to take your dollars. They literally just turn off your bank account.
Meanwhile the very place you're typing this RUNS on crypto donations. "Crypto_bros" are literally making it possible for you to type this inane bullshit.
[ + ] Prairie
[ - ] Prairie 3 points 1 hourJun 18, 2025 19:58:11 ago (+3/-0)
[ + ] rzr97
[ - ] rzr97 0 points 1 hourJun 18, 2025 20:28:35 ago (+0/-0)
[ + ] Love240
[ - ] Love240 0 points 57 minutesJun 18, 2025 20:44:09 ago (+0/-0)
[ + ] rzr97
[ - ] rzr97 0 points 55 minutesJun 18, 2025 20:45:54 ago (+0/-0)
The irony of you not understanding this.
[ + ] TheSimulacra
[ - ] TheSimulacra 3 points 2 hoursJun 18, 2025 19:00:31 ago (+3/-0)
Bitcoins are the money of the future goys!
[ + ] rzr97
[ - ] rzr97 2 points 2 hoursJun 18, 2025 19:24:45 ago (+2/-0)
I'm sure people here know BY NOW that stealing crypto from an exchange doesn't mean hacking bitcoin. I mean come on.
The funny thing is THIS fucking place is run on crypto donations. It's getting retarded kikes. It's clearly on purpose or just what...mega dumb?
[ + ] Belfuro
[ - ] Belfuro 1 point 1 hourJun 18, 2025 20:32:41 ago (+1/-0)
Crypto does not need exchanges.
Exchanges are in fact breaching the purpose of crypto.
Exchanges are all Government traps. Taxes, tracking etc
[ + ] dassar
[ - ] dassar 1 point 1 hourJun 18, 2025 20:06:16 ago (+1/-0)
[ + ] rzr97
[ - ] rzr97 0 points 59 minutesJun 18, 2025 20:41:48 ago (+0/-0)
I'm going to attempt to explain this to you dummies.
#START – everyone self-custodies
Alice wallet [Address_A | PrivateKey_A | 1,000,000 sats]
Bob wallet [Address_B | PrivateKey_B | 1,000,000 sats]
Exchange wallet [Exchange_Deposit_Address_E | PrivateKey_E | 0 sats]
------------------------------------------------------------
#Alice sends her coins to the exchange
[Address_A] ---(1,000,000 sats)---> [Exchange_Deposit_Address_E]
(Bob does nothing)
------------------------------------------------------------
#AFTER the transaction is confirmed
Alice wallet [Address_A | PrivateKey_A | 0 sats]
Bob wallet [Address_B | PrivateKey_B | 1,000,000 sats]
Exchange wallet [Exchange_Deposit_Address_E | PrivateKey_E | 1,000,000 sats]
See Alice in the end has an IOU and if someone hacks the exchange (which happens all the time and is sometimes an inside job), then she's screwed. Bitcoin is safe. Exchanges are not. Not your keys, not your coins. As soon as she transfers her bitcoin to the exchanges address, they are holding it not her. IF someone hacks their computer systems, they gain control of those private keys and can send that bitcoin to their own addresses.
[ + ] Love240
[ - ] Love240 1 point 2 hoursJun 18, 2025 19:01:45 ago (+1/-0)
[ + ] rzr97
[ - ] rzr97 0 points 2 hoursJun 18, 2025 19:21:11 ago (+0/-0)*
Learn faggot. Otherwise everyone knows you're intellectually dishonest.
Guess what they do if they want to take your dollars. They literally just turn off your bank account.
Meanwhile the very place you're typing this RUNS on crypto donations. "Crypto_bros" are literally making it possible for you to type this inane bullshit.
[ + ] Love240
[ - ] Love240 1 point 2 hoursJun 18, 2025 19:33:47 ago (+1/-0)
Whatever cope helps you sleep at night.
[ + ] rzr97
[ - ] rzr97 0 points 1 hourJun 18, 2025 19:48:04 ago (+0/-0)
[ + ] Love240
[ - ] Love240 0 points 1 hourJun 18, 2025 20:40:04 ago (+0/-0)
Remember this when they shut off your internet access and ability to buy anything via electronics.
[ + ] rzr97
[ - ] rzr97 0 points 57 minutesJun 18, 2025 20:44:22 ago (+0/-0)
[ + ] rzr97
[ - ] rzr97 0 points 1 hourJun 18, 2025 19:49:00 ago (+0/-0)
[ + ] Love240
[ - ] Love240 0 points 1 hourJun 18, 2025 20:41:12 ago (+0/-0)
Crypto just padded system's pockets.
[ + ] rzr97
[ - ] rzr97 0 points 57 minutesJun 18, 2025 20:44:03 ago (+0/-0)
[ + ] Love240
[ - ] Love240 0 points 57 minutesJun 18, 2025 20:44:37 ago (+0/-0)
[ + ] rzr97
[ - ] rzr97 0 points 56 minutesJun 18, 2025 20:44:58 ago (+0/-0)
[ + ] Love240
[ - ] Love240 0 points 56 minutesJun 18, 2025 20:45:27 ago (+0/-0)
😂
[ + ] rzr97
[ - ] rzr97 0 points 55 minutesJun 18, 2025 20:46:02 ago (+0/-0)
[ + ] Love240
[ - ] Love240 0 points 55 minutesJun 18, 2025 20:46:10 ago (+0/-0)
[ + ] rzr97
[ - ] rzr97 0 points 54 minutesJun 18, 2025 20:46:47 ago (+0/-0)
[ + ] dassar
[ - ] dassar 1 point 1 hourJun 18, 2025 20:08:31 ago (+1/-0)
You mean like some 'crypto hacker group' just did.
guess only the smart crypto bros that have literal physical crypto in their pockets are laughing now.
[ + ] rzr97
[ - ] rzr97 0 points 1 hourJun 18, 2025 20:13:58 ago (+0/-0)
You're kind of right about keeping physical crypto in your pocket. You don't know it though because of your low iq.
[ + ] Gowithit
[ - ] Gowithit 1 point 3 hoursJun 18, 2025 18:08:55 ago (+1/-0)