What Bitcoin Did #58 Trace Mayer On Why You Must Own Your Bitcoin Private Keys

Last Updated on

‘œBitcoin is for all of humanity, it is the greatest technical innovation when it comes to sound money.’

‘” Trace Mayer

Interview location: Skype

Interview date: Monday 17th Dec, 2018

Company: Premier Ark LLC

Role: Manager

Own your private keys! OWN YOUR PRIVATE KEYS!

How many times are people told to make sure they own their private keys and not risk holding their Bitcoin on an exchange but they still do? Bitcoin offers people the chance of financial self-sovereignty but yet too many leave their Bitcoin on an exchange, exposing themselves to the risk of hacks, confiscation and exit scams.

Trace Mayer is attacking this problem head-on with his campaign Proof of Keys, where he is encouraging everyone to take their Bitcoin off-exchange on January 3rd, the 10-year anniversary of the launch of the Bitcoin protocol.

Trace rightly points out that there are many new entrants to Bitcoin who aren’t aware of what happened with Mt. Gox as well as the other countless exchange hacks. In this interview, we discuss the campaign, but we also discuss why Bitcoin is important, Austrian Economics and The 7 Network Effects of Bitcoin.

This episode is also on:

Listen to more What Bitcoin Did episodes

Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

About adam@letstalkbitcoin.com The LTB Network