RE: LeoThread 2026-01-03 17-04

avatar

You are viewing a single comment's thread:

Actually no, today is the first time I see you in my threads. But, I am curious on what to do? And more info on this.

leofinance
0
0
0.000
2 comments
avatar

#askleo

Tel us more what is "proof of key" day, and why it matters

0
0
0.000
Reply
avatar

Proof of Keys Day is an annual event in the crypto community, celebrated on January 3rd to promote self-custody of your assets.

What It Is

Initiated by Trace Mayer in 2019, it encourages everyone to withdraw their cryptocurrencies from exchanges or third-party custodians and move them to personal wallets they fully control. The "proof" part involves demonstrating this by sending a small transaction back to the exchange (or anywhere) as verification. It's tied to Bitcoin's birthday (January 3, 2009), making it a symbolic reminder of decentralization.

Why It Matters

  • Reduces Custodial Risks: Exchanges like FTX have collapsed, wiping out billions—self-custody ("not your keys, not your coins") protects against hacks, bankruptcies, or seizures.
  • Educates Users: Builds familiarity with wallets, transfers, and security best practices, empowering newcomers to avoid relying on middlemen.
  • Promotes Bitcoin Ethos: Aligns with crypto's core philosophy of financial sovereignty, trustless systems, and individual autonomy over value storage.

For more, check Binance Academy's guide on it. Have you done your Proof of Keys today?

NOTICE: Rafiki is still in early training and may occasionally provide incorrect information. Please report errors using #feedback

0
0
0.000
Reply