Top Tweets for #keypal

Self custody is NOT dead. SHUT UP! If you believe you’ve been lead astray by being recommended using a cold wallet, you are mistaken. When entropy is done correctly, cold wallets remain virtually impossible to hack. Coldcard generated keys that could be cracked in minutes. Wallets that generate keys using 156 bit to 256 bits of entropy will technically take thousands of years to crack. And if you believe moving your crypto to an exchange is the solution, it’s not. How do you think exchanges manage funds? Hmmm. Perhaps using a wallet? One of the biggest exchanges in the world, Bybit, literally use Ledger wallets as part of their security protocol for users funds. So, you can either keep your crypto in your own wallet where you maintain control and ownership. Or you can send it to a company’s wallet where you lose control and ownership, and don’t gain anything in return. To be clear. I am still pro self custody. I do NOT recommend storing crypto with centralized platforms. If you are a Coldcard user and temporarily need to move funds to an exchange, sure. That makes sense. But the amount of influencers recommending moving your crypto to an exchange, which again, still utilizes wallets, is outright irresponsible. Yes, what happened to Coldcard was horrible, but it doesn’t define self custody. And don’t forget more than 1.5 Million of users Bitcoin was lost/frozen across just 7 different exchanges. Over 1,300+ from Coldcard… The data speaks for itself. I’m going live today to talk about all this. I’ll pin the link to the livestream in the comments if you want to join or watch later. - Scrilla