You are viewing a single comment's thread from:
RE: ProBit: On the Security of Crypto Exchanges. (+ Free STEEM)
Its fake title, cold wallet has no security for people, its against bitcoin philosophy. You give away private keys, which should be hold only and only by user and never give it to internet. But if want y can give your keys from house to someone in bank to see if your house will be safe.
The point is not to utilize it as a bank.
When needing an exchange, it's best to opt for those that do have cold wallets.
I burn in many exchanges(cryptorush, cryptsy, wex), which promise me how the system is great and secure. But its foolish post that into bitcoin tag and go against its philosophy.
You can hold the disregard you have for exchanges but, without them, acquiring coins without mining or tokens post-ICO would be an extremely difficult task.
The next era of tokens, STOs, is on the horizon, and exchanges will play an even bigger role in it.
Also, your own actions go against your beliefs. You purchased STEEM via exchanges.
Appreciate your kind and comment @ftoz
Have a great upcoming weekend
Piotr
I am telling it from experience. Dont want say "Its cool, amazing". Its total shit.
I fully understand @ftoz