The Evolution Of Bitcoin Custody

The answer is how and where to protect bitcoin - how you secure your bitcoin - what it was like, how it would be if nothing changed and how it could be better developed if we took the right steps. To understand why, we need to go back to the beginning, or at least to the beginning of my bitcoin exchange journey.

In 2013, when Coinflow was about to become a reality, the Bitcoin exchange site was dominated by the Tokyo-based exchange Colossus Mount Gox.

Many people kept their bitcoin on Mount Gox until one day, it all disappeared. Users will no longer have access to their hard-earned or purchased Bitcoin. As it is not yet fully clear, most of the capital stored with the platform has disappeared and to date the recovered subset has not been returned to its rightful owners.