Warning:
Movement HODLERS if you do not have your private keys you do not have Bitcoin, Trace Mayer [Jan / 3➞₿ 🔑∎] want the day January 3 2019 to be an annual celebration to declare the monetary sovereignty with the withdrawal of all the BTC from the exchanges.
Proof of Keys on Jan. 3 Gains Traction
https://twitter.com/TraceMayer/status/1071870548421066753?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1071870548421066753&ref_url=https%3A%2F%2Fethereumworldnews.com%2Fbtc-withdraw-bitcoin-exchanges-proof-of-keys%2F
https://news.bitcoin.com/support-grows-for-bitcoin-proof-of-keys-on-jan-3/
https://bitcoinexchangeguide.com/bitcoins-proof-of-keys-protocol-continues-to-gain-support-honoring-btcs-10th-anniversary-jan-3-%F0%9F%94%91/
If it is fulfilled, it will be a tough Stress Test for exchanges.
The problem may be in exchanges that are not solvent or those that manipulate the books.
What do you think about this?
Will collapse bitcoin transactions if there is an exchange that does not have its bitcoins for the withdrawal of its clients?
Dumb for two reasons.Movement HODLERS if you do not have your private keys you do not have Bitcoin, Trace Mayer [Jan / 3➞₿ 🔑∎] want the day January 3 2019 to be an annual celebration to declare the monetary sovereignty with the withdrawal of all the BTC from the exchanges.
Proof of Keys on Jan. 3 Gains Traction
https://twitter.com/TraceMayer/status/1071870548421066753?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1071870548421066753&ref_url=https%3A%2F%2Fethereumworldnews.com%2Fbtc-withdraw-bitcoin-exchanges-proof-of-keys%2F
https://news.bitcoin.com/support-grows-for-bitcoin-proof-of-keys-on-jan-3/
https://bitcoinexchangeguide.com/bitcoins-proof-of-keys-protocol-continues-to-gain-support-honoring-btcs-10th-anniversary-jan-3-%F0%9F%94%91/
If it is fulfilled, it will be a tough Stress Test for exchanges.
The problem may be in exchanges that are not solvent or those that manipulate the books.
What do you think about this?
Will collapse bitcoin transactions if there is an exchange that does not have its bitcoins for the withdrawal of its clients?
1. Clogs the network.
2. Cold storage. Most coins are in cold storage because people don't just randomly withdraw all coins simultaneously. So withdrawing all at once will be simply impossible because of the security measures in place that protect customers of exchanges.
In short, this looks like an attempt at a FUD attack. "OMG look these exchanges can't instantly withdraw all coins" and/or "omg look at how the BTC network crashed".
My thoughts exactly - "don't fix it if it ain't broken". Why in the world we would need this network stress test? Everything works as expected. Looks like an evil plan to sabotage BTC
I'm not going to participate in anything that won't increase BTC price and moreover could cause a dump. It's plain stupid.