TRUST

NoCoat4330

TRUST WALLET ASSISTANT! This is the best and safest way! 💙 to resolve your issue & requests, constantly. Click the link below👇🏻 rb.gy/j5bu4k

NoCoat4330

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DukeThom

NuMBA 3: NEVER TRUST NOBODY. Your moms'll set that ass up, properly gassed up Hoodied and masked up, shit, for that fast buck She be laying in the bushes *to light that ass up*

Primary_Technical

I was a billionaire with my babydogecoin in TRUST WALLET for some hours . Life is good !

rootpl

It's legit "TRUST ME BRO." big fucking **/S** just in case.

Smeggtastic

People will wait until the last politician has lied to them, until the last notary has forged documents, until the last big name retail bank has stolen their money before they will be receptive to the idea that TRUST is not a vocabulary word that really exists around bitcoin. When people understand why trust does not belong around bitcoin, I think the real lightbulb will flicker and illuminate.

MuruTheGuru

We've had a Trump now and SBF.... Who will be America's next TRUST FUND BABY FAILURES

bitcointwitter

they gonna get margin called.... ​ they another ftx, hahahaahahahahahh not your keys not your coins. REGARDLESS THAT IS THE TRUTH of bitcoin only, anything else is "TRUST ME BRUH"

DukeThom

IN*verse* CRAMER WE TRUST

NotoriousJDO

What the fuck are you guys doing? There's still another leg down. Macroeconomic factors. Recession. Raising interest rates. I know everything. There's a crash to 15k coming when the news about Genesis and DCG comes out. Vladimir Putin. Sam Bankman Fried. Have you ever fucking heard of GARY GENSLER? Bitcoin is going to 0, you fuckwads. TRUST ME!! ​ /s

Malakyas_

For those who think OP is over the top. check IBOVESPA prices, and market news, a lot of companies closing. Lula is a leftist guy that got a good commodities wave that held his government in place. All the other discussion abbout feelings, mysoginy etc is hand held by midia outlets, everything they call bad about any other politician lula would be as bad as, he just pays and fake it better. His supporters too will ignore any problemn with lula the don't mind it, they just want their leader in power. Lula wants to increase taxes, regulations, and wealth fare state so they have more ways to create corruption. Increasing too the number of ministeries/secretaries so he has more political structure to negotiate and get more allies ( in the end is more money to wash ). Brazil as well as the rest of south america is a narco state. Top politicians, judges and lawyers will defend and advocate to drug stuff, and even do it in quiet ways. Then they will say but it's the law. It's a slow but steady change to make things better for bandits and thieves. Everyone that were sent to jail due to corruption on politician such as Sergio Cabral and others were released already by the STF. To release Lula they changed the understanding of the law releasing with him more than 100 people just changing what the law meant. DO NOT TRUST big midia. Just don't.

Gonzaxpain

I want to make clear that I've withdrawn most of my money just in case and the transaction took less than 5 minutes to go through. I've never had the slightest issue withdrawing from Nexo so kudos to them for that. Personally I love their service, I've been using their card for months and it's one of the best financial products I've ever tried. Anyway, not trying to convince anyone here and as I said I've withdrawn my money too but hopefully I will be sending it back once the storm has passed. Here's their response which they sent by email after contacting chat support. Some usual PR stuff but also some interesting details and comments: --------------------------------------------------------------------------------- Thank you for contacting us via chat. We understand that the recent developments surrounding Nexo are very concerning, and you may have questions about Nexo’s stability and the sustainability of our business. There are authorities at one of Nexo’s offices in Bulgaria which is a as you know the most corrupt country in the EU. They are making AML and tax-related inquiries about a Bulgarian entity of the group that is not customer-facing but only has back-office functions - payroll, customer support, and compliance. We are one of the most stringent entities with regard to KYC/AML. Since the onset of the war in Ukraine, we have helped raise millions for the victims there and restricted clients from Russia and sanctioned regions. For your understanding, the population in Bulgaria and the political spectrum is very divided on the pro- and anti-Russia front. As mentioned over chat, we are addressing the situation in real time on our Social Media Channels. Allow me to walk you further through the key points of why our future looks bright despite the overhanging uncertainty in the crypto world and the recent news surrounding Nexo, as well. Performing equally well in bear markets Rest assured, Nexo is a pioneer in the services it provides, and our business model is built with sustainability in mind. Since our establishment in the 2018 bear market, we have withstood various market conditions and harsh crypto environments. Simultaneously we have empowered thousands of people to tap into the value behind their crypto assets, shaping a new, better financial system and proving Nexo as a capable and reliable platform during macro downtrends. An essentially different business model On the surface, Nexo may appear to be like its crypto lending competitors, which typically take client funds and stake them in yield-generating protocols or issue under-collateralized loans. Nexo is fundamentally different and has not had to resort to any of the same measures to stay afloat. The measures in question include, among others freezing or limiting withdrawals, like Celsius, or seeking a revolving line of credit, like BlockFi. Voyager has had to do both. Furthermore, our conservative business model requires an over-collateralization of 111%-666% for all Instant Crypto Credit Lines, and it is also essential to understand that our Earn product is used to finance only a small part of our loans. As a result, while we may tend to pay lower yields than other competitors, we make sure not to expose our clients to any risk. To further expand the topic, Nexo has not used funding from investors to meet its client obligations, which is yet another detail that sets us apart from other crypto lenders. Uninterrupted withdrawals On the 13th of June, 2022, Nexo processed over 290 withdrawals which were for more than 250 000 USD, totaling over 130 million processed during the most volatile day for BTC this year. Custodial insurance As a security-first platform, Nexo partners with the foremost providers of security in the blockchain space, including Ledger Vault, Bakkt, Fireblocks, and other custodians whose facilities are insured via Lloyd’s of London and Marsh and Arch. They carry insurance protections for digital assets held on the Nexo platform via the most prestigious syndicates of underwriters​​​​​. Real-time attestation by Armanino In becoming the first crypto lender to publicly open its books through an independent, real-time attestation, Nexo has established a transparency benchmark and nurtured customer trust yet again, thus setting a prime example for others in the industry to follow. To increase transparency, Nexo is working with one of the top 20 public accounting firms in the U.S., Armanino, to conduct a Proof of Reserves assessment and provide real-time attestations over the company’s custodial holdings. With this pioneering move for the crypto lending space, we give you the ultimate peace of mind that Nexo is able to meet client obligations at all times. See today’s report here. Solid regulatory framework adherence It must be emphasized that Nexo is regularly expected to prove either before the relevant regulators, in the course of registration and licensing procedures or of subsequent inspections or audits, or before counterparties, that it is always compliant with the capital adequacy and liquidity requirements to ensure long-term financial stability. It has also developed and implemented anti-money laundering, privacy, security, IT, and risk procedures in full compliance with all local and global regulations and standards. The above not only protects Nexo’s clients and counterparties but also contributes to the overall financial stability in the blockchain space. A list of our licenses and registrations is readily available here. A healthy native token On May 18, 2022, we saw the successful completion of the $100M buyback program, which was shortly followed by a third installment. On August 30, 2022, $50M was allocated for the company's long-standing initiative. Furthermore, the solid ground built by Nexo has enabled the NEXO Token to move consistently with the likes of BTC and ETH, demonstrating that, proportionally, demand for our native asset remains strong. An expanding suite of products and services As you may have noticed, come rain or shine, Nexo has continued to deliver new products and solutions for clients regardless of market moves. Over the course of the last few months, despite uncertainty reigning over the industry, the company brought an array of new features, including new, rare market pairs, NexoPro (an advanced retail trading solution), the NFT Lending Desk, multiple new assets on the platform, the Nexo Card and, of course, various options to buy crypto with your regular credit/debit card. All these developments have been independent of crypto prices, and this is because our market-neutral strategy does not rely on a specific set of eventualities to be successful. Strategic partnerships Who a company partner with is also telling of its stability and long-term viability of the business. Nexo has historically partnered and works with some of the most reputable companies both within and outside of the crypto space, including MasterCard, Fidelity Digital Assets, Fireblocks, Ledger, Bakkt, etc. Recently, Nexo became a member of TRUST – an industry-driven solution for top-tier compliance with The Bank Secrecy Act, also known as the “Travel Rule.” Partnerships in business are a highly loaded concept, and generally, companies do quite a lot of due diligence on who they are affiliated with before engaging them. In this sense, Nexo’s ongoing work with big names should be a telltale sign that Nexo is a trustworthy partner. Meaningful investments Nexo’s financial resilience has led to not only investing in the company’s own operations, staff, and product development but also backing emerging technologies through Nexo Ventures. The latter is Nexo’s in-house web3-focused investment arm, committed to accelerating the development and adoption of blockchain technology through the investment of $150 million in long-term commitments in a wide range of early-stage retail and institutional projects synergetic to Nexo’s core businesses. A selected list of portfolio companies is available on the Nexo Ventures landing page. A growing headcount While we observe a painful set of layoffs that many in the industry have been forced to undertake. Against this backdrop, we are humbled that we are able to continue our growth because building quality products means finding the best talent. At Nexo, we tripled our headcount in the past year, reaching over 500 employees. We even have open roles across the board – from engineers, marketing, and product to M&A and finance. HODLing our people no matter the weather! Feel free to check this link to see all open positions at Nexo. We hope the above information has managed to address your concerns in sufficient depth and prove that Nexo is undoubtedly a safe place for your assets where you can harness their true power with peace of mind. Please do not hesitate to contact us in case you have any further questions. As the world’s largest and most trusted lender in the digital asset industry, we thank you for choosing Nexo and becoming part of our mission to decentralize global finance!

Vdubnub88

“It Wasnt stable”…. A few weeks later… “Its super stable” Source: TRUST ME BRO….

--leockl--

If you are a follower of the Nexo subreddit, you would be aware of my weekly posts on the CeFi space, comparing various characteristics of all CeFi’s (you can see these posts under my Reddit profile). Below are some of the risk indicators Midas is not one of the best CeFi’s available out there: - no custodial insurance. - no own exchange. - native token not listed on large exchanges like Binance or Coinbase. - founder has no finance professional qualifications like CFA (in fact, founders come from a pure tech background and tech folks generally tend to want to move fast and break things, and so not as grounded). - no user loans. - does not comply with the travel rule set out by crypto industry leading body in this space, TRUST. - **no 3rd party CPA/CA attestation/proof-of-reserves.** - not a member of Crypto Market Integrity Coalition (CMIC). - no crypto card offering. - only have 15K followers on Twitter.

diradder

> It's not an argument to state a fact (relay nodes cost a lot of money) and then make an unrelated and unsupported assertion (cannot decentralize). It is not unrelated and unsupported, by your own admission it disqualifies a large part of the potential users of the network. > You do not need to TRUST anyone. You do, the relay nodes. > You can run a relay node. A lot of people cannot afford to do it. > They are already decentralized geographically. Where large egress and processing providers are ONLY. Easy targets for governments. > Very high bandwidth is a requirement for *any* blockchain to achieve high performance. There's a reason why no other chain can achieve instant finality. Performance for a cryptocurrency is being able to survive adversarial conditions, and still being useful/used. Algorand fails the minute large providers are told to ban your relay nodes. And the higher the requirements are (they certainly won't get lower with time and more and more data accumulating in its blockchain), the more centralized it is. > Again, relay nodes do nothing but propagate messages, you are overselling your absurd point. Consensus matters more. Relay nodes are a part of the network, are distributed and operational until 2024 in their current state with decentralization happening this year. When they decentralize, be sure to come back and make up another absurd argument. Again, you try to divert from the actual issue, relay nodes are REQUIRED for the network to operate. > "save face"? On Reddit. You sure think highly of yourself. You make no sense, but have some self-respect and at least assume the words you used, you told me to stay away the minute you were opposed arguments. Not "if I want", it was an order... which as you said, "on reddit", it pretty laughable. > But yeah, you know, the Algorand Foundation still controls the DNS entries manually as was planned during this phase, nothing changed. ​Again with the redherring, you have been told how it isn't the main issue, how the underlying problem is the requirement for the network to function that make it impossible to decentralize effectively... but you keep using these dodging skills... it won't work, keep trying if you want. > Once again, pure ignorance. Once again, trying to use ad hominem to avoid having to respond with anything substantive, throw in some buzz words like "trilemma solved", "Turing prize winner", etc. you're not fooling anyone. > Anyone can run a relay node, Already debunked. And by your own admission it's a falsehood, so why lie about it now?

bystander993

It's not an argument to state a fact (relay nodes cost a lot of money) and then make an unrelated and unsupported assertion (cannot decentralize). ​ \> So not zero, and I don't need more than this valid argument, it's also two folds, not only you need to rely on these expensive to run third-parties (i.e. you need to trust them), but they are limited when it comes to where they can run considering the bandwidth and processing power they require (i.e. they can't properly be decentralized geographically because they depend on the largest bandwidth provider worldwide). 1. You do not need to TRUST anyone. 2. You can run a relay node. 3. They are already decentralized geographically. 4. Very high bandwidth is a requirement for \*any\* blockchain to achieve high performance. There's a reason why no other chain can achieve instant finality. \> And that's always more arguments than your only answer to this valid criticism, "muh participation node", which is completely useless with out relay and archival nodes. Again, relay nodes do nothing but propagate messages, you are overselling your absurd point. Consensus matters more. Relay nodes are a part of the network, are distributed and operational until 2024 in their current state with decentralization happening this year. When they decentralize, be sure to come back and make up another absurd argument. ​ \> Trying to save face now? Cute. You've shown your colors. "save face"? On Reddit. You sure think highly of yourself. ​ \> You have trouble reading, it's right up there, read it again. Again all you are witnessing is a blockchain with a plan, operating with 0 downtime, instant finality, forkless, sub-4 second blocks, and the highest real-world TPS by far. But yeah, you know, the Algorand Foundation still controls the DNS entries manually as was planned during this phase, nothing changed. ​ \> It's not, you rely on costly third parties to relay/process transactions, your network cannot be decentralized with these requirements and it isn't just because of the centrally defined DNS records as you keep pretending everywhere, that's just a missing piece that won't solve the underlying issues concerning relay nodes I've had to repeat about 10 times here now but for which you keep dodging or pretending that it doesn't matter. ​ Once again, pure ignorance. Firstly you do not rely on costly third parties anymore than every single blockchain relies on it, far more so without any plan for decentralizing. The literal ONLY point of centralization is the DNS records. Anyone can run a relay node, saying it's a higher cost doesn't change that fact. If you can make $1M a year on a business built on Algorand, $15k on a relay node is a drop in the bucket of business cost. So stop the rambling about your false premise that costly relay nodes pose an impossible path to decentralization. It's simply not true, and you will be proven wrong in practice within 2 years. You can repeat the fact of relay node hardware requirement a thousand times, it will never prove your silly assertion that it makes decentralization impossible. ​ Enjoy.

diradder

> You have presented 0 arguments outside of "relay nodes cost a money, it's impossible to decentralize". So not zero, and I don't need more than this valid argument, it's also two folds, not only you need to rely on these expensive to run third-parties (i.e. you need to trust them), but they are limited when it comes to where they can run considering the bandwidth and processing power they require (i.e. they can't properly be decentralized geographically because they depend on the largest bandwidth provider worldwide). And that's always more arguments than your only answer to this valid criticism, "muh participation node", which is completely useless with out relay and archival nodes. > One of the most fundamentally absurd arguments in the space. Pretending it is "absurd" because you don't have any actual answer or solution to this precise issue with Algorand says enough about who's veering into absurdity. > You don't even understand how Algorand consensus works Baseless claim, I'm the one who pointed out the shortcomings and you have no valid answer to address the issues. >The great reading comprehension of an argumentative poster on reddit on display, clearly the implicitness in the statement is "stay away from Algorand (IF YOU WANT / DO NOT TRUST IT)" Trying to save face now? Cute. You've shown your colors. > What are you witnessing exactly? You have trouble reading, it's right up there, read it again. > The trilemma is solved by Algorand, that much is reality. It's not, you rely on costly third parties to relay/process transactions, your network cannot be decentralized with these requirements and it isn't just because of the centrally defined DNS records as you keep pretending everywhere, that's just a missing piece that won't solve the underlying issues concerning relay nodes I've had to repeat about 10 times here now but for which you keep dodging or pretending that it doesn't matter. There is no trolling here, just you, an Algorand shill, who refuses to admit the shortcomings of Algorand and keeps lying about it "solving" the blockchain trilemma.

bystander993

\> I have presented you valid arguments, you keep dodging and pretending it's not important when it is. ​ You have presented 0 arguments outside of "relay nodes cost a money, it's impossible to decentralize". One of the most fundamentally absurd arguments in the space. \> Algorand disqualifies a very large part of the world from being able to run nodes and verify the ledger/participate in the network. And then you continue on with your complete ignorance with statements like this. You don't even understand how Algorand consensus works, and yet want to pretend that people in poverty must be able to run consensus or else it's not decentralized. Your argument just doesn't make much sense. \> With these settings, Algorand can simply not be decentralized, it will be centralized around large egress and processing power providers. It's fine if you don't understand what the term decentralized means, but it doesn't change the reality that Algorand is in fact decentralized and the relay nodes DNS will be soon as well. \> The great openness of Algorand's community on display when someone put them in front of inconvenient truths about their network, thanks for going mask off. The great reading comprehension of an argumentative poster on reddit on display, clearly the implicitness in the statement is "stay away from Algorand (IF YOU WANT / DO NOT TRUST IT)" ​ \> I do, I'll be here to debunk your lies/deliberate omissions when needed. You'll be here to troll with FUD, shocker. The world will still go on, Algorand will still go on. ​ \> No wait required, we are witnessing Algorand's shortcomings right now and I've described them. It's certainly not the only network that makes the same compromises and spuriously pretend to have "solved" the blockchain trilemma, don't feel special. ​ What are you witnessing exactly? You haven't described a single thing, you quoted some particular parts of Algorand documentation and then went off on absurd arguments based on nothing more than "because you say so". The trilemma is solved by Algorand, that much is reality. If you don't understand blockchain, that's fine, use whatever you feel like it. Reality won't change though. The day-1 decision to decentralize relay nodes after bootstrap period will prove to be successful, and you'll be on to your next trolling.

Sithaun_Meefase

My friends getting into crypto always ask what YouTuber I’m watching to get by information from. My first advice to them every time, DO NOT TRUST OR TAKE ADVICE FROM SOMEONE ON YOUTUBE. If their analysis or opinion is close to yours, that’s fine. But do not put blinders on and follow someone’s every move. Don’t be a lazy investor.

joikhuu

NEVER EVER TRUST A SELF CLAIMED "TRADER"!!!!!! Out of all the professional traders I know none makes a number out if it. People who are claiming to be traders on internet and in real life are generally unemployed people who are trying to trade their ways to riches with their savings of 100$.

MurphMurphyAK

You are the proof reading police too; your story checks out. I would like you to go back through this convo. I make a lighthearted joke and you make fun of me as a simp for Ben. You attack 2x as much I as I do. You went in this direction. I would like the formal record of the Reddit high court to show, Chorizo does not in fact want to have a dick measuring contest. He said he has the biggest dick but when pressed, shriveled up as expected. Murph agreed to the measurement. Chorizo only continues to bully while calling Murph poor and pathetic. Strangely, he would still not show the huge dick. So, its settled, the bro has a tiny dick and is in fact the fraud we thought all along. YOU TOLD ME YOU HAD ME BEAT, YOU SAID YOU WERE THE MAN! I RAN UP AGAINST THE BIGGER DICK. YOU DUMB FUCK! Now I am pitiful when I say let's find out? You are actually dumber than I could ever imagine. You gaslight people you stupid mofo. I said you think you are the smartest guy in the room, I think I might be one of them. You missed that point entirely. You are totally beat, you troll, keyboard hero. You don't have a masters, do you? I really went to Cornell undergrad and Columbia grad school. Your lame ass ran into some real pedigree for once. Sucks you are really thinking this through, shit, I got nothing, maybe I will stick with the pathetic narrative. I live in Fairfield County CT, you know that area? You want the VIN # to my Cayenne too? YOU WERE THE AGRESSOR and with a little push back folded like a chair. Classic bully, loser through and through. I am actually wearing my Columbia tie right now, want to see a picture of it? VERIFY DONT TRUST CHORZIO

milonuttigrain

Those three words: TRUST ME BRO

Fantastic-Offer-9129

“TRUST”

Lucky_Lucky_Baldie

I think he is being used as an escape goat. “Look what happens with unregulated crypto!!!! But worry not citizen, WE WILL PROTECT YOU AS WE ALWAYS HAVE, TRUST ME BRO”-some government asshole. Someone is going to buy that house. Someone either connected to him, or someone who knows him that wants to launder that amount of money for the house. Now they used his own things to move even more money. AND they “give” the public reasons as to why the government HAS to step in to crypto and regulate the SHIT OUT OF IT! This is smelly……

Hank___Scorpio

The only thing you should ever TRUST is bitcoin in cold storage. That isn't to say everything else is dogshit but make sure you're operating with maximum caution when doing anything else.

coinfeeds-bot

tldr; US Senator Pat Toomey has introduced a new Stablecoin TRUST Act to Congress. The bill aims to ensure greater transparency across stablecoin projects without giving power to the Federal Reserve. If passed, the bill will remove regulatory powers from the SEC by labeling stablecoins as currencies rather than securities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

LightninHooker

Do NOT TRUST anybody who may send you a DM now or ever. It will be always SCAM. ALWAYS. Good luck!

Umpire_State_Bldg

After the dot com bubble crash of the late 1990s / early 2000s - we had our fair warning not to put much (if any) faith in Wall Street and/or its so-called regulators. Then there was the housing bubble. And it popped. Then we found out about the "financial sausage making," with collateralized debt obligations, and other obfuscations and frauds... we had big investment banks selling crap to their customers *knowing that it was crap and would soon implode*, then placing "bets" against those same customers... Bank of America robo-signing forclosures... On and on: a ***mountain*** of financial fraud, malfeasance, and outright theft... **Yet no bankers went to jail because of it.** The guy who once locked up thousands of banking criminals from the Savings and Loan crisis of the 1980s and 1990s explained that many thousands of banking criminals should have gone to prison after the 2008 crisis. But they didn't. This sent a very clear message to me: The Wall Street criminals know they can break very serious laws and not even get a slap on the wrist. **DO NOT TRUST THEM.** Then there was Mt. Gox. and plenty of other exchanges causing fools to lose their Bitcoins. Then there was the game stop thing - again, Wall Street was SHOUTING at us, "We get to break the LAAAAA---AAAWW! Neeener, neener." And still, FTX happened, enabled by its stupid victims. That somebody would come here and ask, in a round-about way, "How can we trust Wall St. guys?" HELLO?? Just don't. If you do, bad things are almost certain to happen to you - blame yourself when it happens.

cryptening

Ethereum leadership knew this would happen but they pushed ahead with the merge anyway. Today, 72% of validators are OFAC compliant. The 72% has the power to fork the non compliant 28% of the main chain and into oblivion. All the ethereum community can do is hope and TRUST that the 72% does not do this. This tells me that ethereum leadership was never interested in censorship resistance. Ethereum is a trojan and it's main goal is to make their inner circle rich whilst spreading FUD about Bitcoin.

TommyAllArk-io

And that is why gents, NOT YOUR KEYS, SCAMMER'S COINS. Use Crypto, Hold Crypto but never TRUST an exchange with your Crypto. Tommy from [AllArk](https://allark.io)

Set1Less

His source is TRUST HIM

Jaybilled484

Then why can't they get a real audit? All this FUD goes away if they prove it wrong instead FUNDS ARE SAFU TRUST ME

Castr0-

I am making a extensive research about how to take profits in crypto and the main source is by hacking or scamming. Source: TRUST ME BRO

Sixhaunt

huh, I thought everyone would be watching CoffeeZilla by now but he does [good coverage](https://www.youtube.com/watch?v=drzrWUn9JQo) of it. It's been common knowledge for years though that Tron is a scam and you would have to be out of your mind to TRUST Justin Sun, but just like Trump or Andrew Tate has taught us, the Cult of Personality can exist for nearly anyone. I'm still a little surprised there are still unpaid people still promoting that shitcoin though. Justin Sun didn't even understand why Terra collapsed despite basing his own coin off theirs and proudly advertising it as such.

nutcase2019

1) Don't trust, verify. It's more than a trope. For REAL you should be able to verify the firmware that's generating the seed AND signing the private keys AND the software that interacting with the device. Using pure VS. evil is a straw man argument, no one is saying that. All anyone is saying is it's not the best idea, stop recommending it to others. 2) yes they were hacked. People's privacy was compromised. People lost money because of it. People were betrayed by Ledger. Ledger handled it about as poorly as a company could. It's something NOT nothing and quite frankly, you should be embarrassed for saying VIOLATING YOUR CUSTOMER'S TRUST IS A NOTHINGBURGER, ffs, are you for real??? 3) They do track your shit and because of point 2 👆 their past performance makes this exponentially worse, what planet are on??? 4) what can I say, it's shitcoin city on your Ledger. Choose your wallet accordingly. Finish up with an appeal to authority...whatever dude...

orville_w

and you wonder why TRUST in anything crypto related is at an all time low. - I mean, wow… what a shit-show of incompetence.

axnoro

1) I argue they don't have a great product. I believe it is only due to an incredibly aggressive marketing campaign. 2) The closed source is a bullshit excuse, open source is always more secure. Closed source also requires you TRUST the company. TRUST = VULNERABILITY. 3) I see this point made by people who insist holding their BTC on binance and cb. Just because something didn't happen, doesn't mean it won't happen. Use shitcoin wallets at your peril, you have been warned and I am getting really fatigued arguing against marketing bots.

Technical_Order7673

>DON'T TRUST THE GOV TO DO THE RIGHT THING. THE GOV IS HIGHLY CORRUPT, AND WILL GO AFTER YOU IF YOU'RE A THREAT TO THE CURRENT SYSTEM EVEN IF WHAT YOU DO IS LEGAL AND WITHIN THE RULES THEY MADE The case of Tornado Cash Developer,the way he arrested and put in prison is the perfect real life example of this.

UnlikelyHold11

> DON'T TRUST THE GOV TO DO THE RIGHT THING. THE GOV IS HIGHLY CORRUPT, AND WILL GO AFTER YOU IF YOU'RE A THREAT TO THE CURRENT SYSTEM EVEN IF WHAT YOU DO IS LEGAL AND WITHIN THE RULES THEY MADE. We should have known this a long time before Crypto.

JERMYNC

Long ago the first time I tried to do a wallet, I went through the process. I wrote down my key phrases etc. I Have no idea where they are. So to me, doing this again the risk is high. I also move, travel often. I just started buying crypto again. I have accounts with Kraken, Coinbase, Binance, Crypto.com, and some ony bokerage accounts that offer crypto such as Robinhood, Webull. Also few shares with Trust Greyscale within brokerage. So I'm rather diversified with my small holdings. Will I get a ledger, soon. However I feel a little more confident in Coinbase than myself. They keep crypto in cold storage and I don't take the risk of losing them. (They also offer 1 mill insurance for premium) If Greyscale TRUST them as the best place to store Billions, I do. So I will probably store most of mine there in near future. Lastly, for most of the world, $100 for a ledger is two months wages. (50% of world lives on $50 a month)

Perfect_Ability_1190

COMPLAINT FOR CONSPIRACY TO PARTICIPATE AND PARTICIPATION IN AN ENTERPRISE ENGAGED IN A PATTERN OF RACKETEERING ACTIVITY IN VIOLATION OF 18 U.S.C. §§ 1962(d) AND (c) (RICO), CRYPTOCURRENCY MARKET MANIPULATION IN VIOLATION OF 7 U.S.C. §§ 9(1) (USE OF DECEPTIVE OR MANIPULATIVE DEVICE), 7 U.S.C. §§ 9(3) AND 13(a)(2) (PRICE MANIPULATION), AIDING AND ABETTING PRICE MANIPULATION IN VIOLATION OF 7 U.S.C. § 25(a)(1), VIOLATION OF CAL. CORP. CODE § 29536, NEGLIGENCE, FRAUD, CIVIL CONSPIRACY, UNFAIR BUSINESS PRACTICES IN VIOLATION OF CAL. BUS. & PROF. CODE § 17200 ET SEQ, UNJUST ENRICHMENT (RESTITUTION), CONSTRUCTIVE TRUST AND ACCOUNTING

Benzo-Addict

More trustworthy than peer-to-peer, decentralized and TRUST LESS exchanges? 🤔

12161986

Even if he had, it would’ve just been a selfish ploy to get people to go, “This guy doesn’t event WANT my coins in his company! THIS IS THE ONLY GUY I CAN TRUST!” And throw even more into the ponzi pile. Just think of how different things are in the multiverse where there hasn’t been a bear market and crypto winter to root out all these scams yet.

Bitcoin1776

People who talk like this... I'm like, how stu can you bee. Regulated Kraken Exchange : "I can securely hold your money" Tatty Fu'k boys high on meth : "Oh no, they're trouble.. maybe in solvent.. WHY DID I TRUST THEM????" If you see Kraken and you see twatty f boys and you like THESE SAME - you deserve a bit of Luna karma.

SleepCom

Every bank in the world is going to have to **EARN MY TRUST** from now on. You banks have all lied too many times! It's like a lover that continues to cheat, but promises this is the last time. The whole relationship was based on TRUST! I don't give the bank my money because I like them, or because it's some money-making venture. I give it to them because I trusted them. You fucked up the relationship. Sorry banks... you're gonna have to learn to be single for a while. If you want my money, then you have to prove you can be loyal to me. So far I have no proof that anything is different from the last time.

OceanSlim

You mean the same Grayscale owned by DCG (Digital Currency Group). Ya know, the same DCG that owns Genesis? Ya know, Genesis, the lending company that was exposed to FTX. They halted lending and had to pause withdraws on Gemeni Earn products because Genesis was lent customer funds by Gemeni. Who in turn lent them to FTX... NO, I DON'T TRUST ANY COMPANY IN THIS SPACE TO NOT BE EXPOSED TO INCOMPETENCE. Get your BTC out of an ETF and off of coinbase. There is literally no reason to keep your Bitcoin there. Be your won bank. It's like the whole fucking point.

Brief-Access-1846

To be fair, the full node you trust is the judge, jury and executioner. Whether that’s your own node, a friend’s node, or a block explorer YOU TRUST.

SegheCoiPiedi1777

You have no idea how Central Banks work. Central banks store gold and FOREIGN currency - and they do NOT control neither of them. For example, the bank of Japan has hundreds of billions in USD in reserves because, if it wants, it can sell those reserves to strengthen the yen. Conversely, it can decide to sell billions of yen and buy USD if it wants to weaken the yen. Needless to say, the bank of Japan does not control the USD it holds since it cannot print it (or EUR, or GBP, which are other reserve currencies). The entire point of central bank reserves is that those reserves should build TRUST in the central bank. Hence, why central banks buy gold (which you cannot print out of thin air) and foreign reserves (which are regarded as safer than local currencies because the CB cannot print them at political will) to back their monetary policy and have a safety net if there is a crisis of trust in their local currency. Foreign and gold reserves are not the only tool that CBs use to run monetary policy, of course. The main tool is interest rates… but foreign reserves are (especially for smaller countries) still a powerful if not the most powerful tool to build credibility and trust in the CB. In a an ever divided world, Russia and China are already looking for alternatives to USD and EUR as reserve currencies…

cannainform2

Repeat after me: I DO NOT TRUST CZ

Old_Afternoon3853

If I want Gold, I buy Gold. This is still in form of centralized third party operation and cannot solve the TRUST issue.

Walla_Walla_26

I agree the customer service is non existent and if you’re account gets compromised that you are screwed. Good on ramp. Cool App. Not your keys, not your crypto. TRUST NO ONE

Ginotheking

Everyone here giving CZ shit. Let me tell you something. I trust him more than coinbase any day of the week. ANY DAY. He realized it was a bad tweet acted like a man and deleted it. WITH THAT BEING SAID I TRUST BINANCE WITH MY HOLDINGS FAR B4 CB. Yes they are public, no they aren’t required to show behind the curtains

GreemBeam

Coinbase do not provide their wallet addresses proving they hold any actual assets on chain. Like any other public company operating TradFi style, they can say whatever they want. "Regulated" just makes it more shady in this industry as you've got insiders now taking part as well. The purpose of crypto is to eliminate the trust. You've got a publicly accessible and verifiable balance sheet available for all to see on the Blockchain, which updates automatically. But they're not using that feature. Instead they're writing numbers on a piece of paper and getting approval of such numbers by wealthy/government/insiders/"regulators". If they refuse to share their wallets, DO NOT TRUST.

18476

Really disagree with your outlook. What should be coming to light is that Btc really shines here IF YOU OWN THE REAL THING. Careless custody of any shitcoin is like trying to protect a turd because the foundation is wide open to human greed anyway and relies on TRUST. Paper Bitcoin is NOT real. *Hello FTX*

RecurringRevenue

Interesting. Great bitcoin TRUST. Seems like an appropriate name.

escape1979uk

Fewer touch points is preferable Fewer TRUST points is mandatory You asked do I trust Amazons supply chain... the answer is an emphatic no My wife had to fish a box of cat food out of our bin this week because their drivers are under so much pressure to deliver at all costs so they just dumped it... Being in the UK, dealing directly with Ledger 100% is "better" because it enters the Royal Mail system quite early, so tampering or diversion of goods are criminal offences. Amazon doesn't offer the same protections. Ultimately it's choosing how and who to trust to mitigate risk and ensure that you are receiving the unmolested version of the item you ordered. For me, ordering a hardware wallet from an Amazon marketplace is a hard no.. Trusting a 3rd party to order from an Amazon marketplace on my behalf is not happening. If you're doing this in good faith, I can only wish you well

yourmom_fat_as_hippo

Considering the fact that BItcoin (and hence, crypto) started as a trustless bank system, and we still end up here is ironical. Satoshi told that you don't require to trust anyone, not a single person, for making a transaction through a blockchain. That was what Byzantine Generals problem was. It always assumed that there may be bad generals (actors) amongst them. BTC solved the Byzantine problem, but here, we are. Centralizing the system, which core lies in decentralization. It's a joke considering you have to trust CEOs like SBF, Mashinsky etc with your crypto. Let's hope we learn the decentralization aspect from this entire contagion. Crypto started as 'TAKING CONTROL OF YOUR MONEY, AND NOT AS GIVING YOUR MONEY TO SOMEONE ELSE YOU TRUST"

jimtors100

10 pages is too short to contain all the text and letters for "TRUST ME BRO"

NangSal23

Biggest factor is the **TRUST**, How much people trust the system, that will give value to btc and its inherent value

wildmanfree

So, you get people to adopt Bitcoin by sound like... an idealistic zealot? You'd be better off pointing out real flaws in global systems of TRUST in finance and politics, and then point out the benefits of those same systems being based on verifications of ownership and not needing trust at all.

Mr_P_Nissaurus

**DO NOT TRUST ANY EXCHANGE, EVER.** You've been warned.

JustBreatheBelieve

So let me get this straight. He just lied to build TRUST to get people to put their hard earned money in his exchange, and then stole thier money. And, he thinks it's funny.

Lying_king

Everyone is trying to scam you. From those DMs from small time rookies, phishing for your private keys…to large well funded centralized exchanges…to the hackers sim swapping…crypto is a freakin jungle. You’ll get eaten alive. Use your brain, have patience and TRUST NO ONE!

Limp-Crab8542

> Greed is the reason Trust does not work. They are the same problem. No they are not. Perfect trust is obviously not possible but some ecosystems have and maintain a much higher degree of trust than others and are relatively resilient to greed. For example, surgeons vs crypto bros. The scientific community vs bankers. The difference between the two is a culture that disincentivizes greed and incentivizes objectivity. You clearly aren’t thinking this through. > Of course it is. Trust is a facade of truth. Verification is actual truth. What nonsense. Again, WHO IS DOING THE VERIFICATION? You keep ignoring this. If you are implying that individual end users should be verifying their own transactions and you intend to run THE GLOBAL ECONOMY like this then you’re just an idiot, sorry. If you’re implying that some algorithm is doing it, then it has to be built and standardized by some entity that is ultimately vulnerable to greed. > Pretty big 'if', don't you think? "If you didn't have to verify, there would be no problem!" I don’t even know what the fuck you’re saying here. Trusted entities verify against fraud, but also others things like user errors and are able to reverse transactions in such cases. For many people, they are generally able to trust without verifying themselves. Like…this happens everyday for many people. So yeah, when the system works, it works. When there is regulation in place (I.e. mechanisms to curb greed) it works and is more efficient that way. So greed IS the problem. This isn’t the snarky gotcha you think it is. You don’t understand wtf you’re talking about. > This is complete wreck of a statement. Crypto is not hypercapitalist, and it pushes for separation of state and money. A separation of state and money…is like…the whole point of capitalism. So the state does not interfere with the capitalist class maximizing profits by pushing for regulation. You ever heard of “privatization” and “austerity”? Are you this clueless? A few paragraphs below you brag about BTC rising in price “faster than any asset on earth”…like lmao do you hear yourself? You don’t think it does that via capitalist mechanisms? The vast majority of people in the crypto ecosystem put capital in it with the hopes of extracting more then they put in. This ranges from people actually “investing” in crypto assets themselves to people like SBF running ponzis. No inherent problem with this until you start championing deregulation so that psychopaths can squeeze the vulnerable by any means necessary - again, like SBF. That’s not hypercapitalist to you? lol > These CENTRALIZED SCAMS are happening ONLY because people are TRUSTING third parties due to their GREED. WHY DID THE CENTRALIZED ENTITIES AND TRUSTED PARTIED ARISE IN THE FIRST PLACE AND WHY DID PEOPLE TRUST THEM? IT’S ALMOST LIKE THEY DID SO ORGANICALLY DUE TO MARKET FORCES COUPLED WITH LIMITED RESOURCES!! DO YOU KNOW ANYTHING ABOUT THE POWER STRUCTURES OF HUMAN INTERACTIONS AND SOCIOECONOMICS? JESUS FUCKING CHRIST YES I HAVE TO YELL HOW IS THIS NOT OBVIOUS. > Examples from this year? Let me guess, all centralized services running on trust models. I mean, yes probably? You didn’t refute anything I said. > We clearly have very different definitions of "crypto". Yes we do. You live in a bizarre fantasy land where what is actually happening with crypto in the real world on a large scale is “just people being dumb hErP derP just be your own bank”, as opposed to signs of questionable incentives within the ecosystem. Because “by god, Lord Satoshi said it will free people and topple the banks omg guyz” or some stupid fanfic nonsense like that. Stop larping and grow the fuck up. > Because it is still early in adoption, rising in price faster than any other asset on earth? There is no fantasy required, everything is working as expected. You say practically nobody uses it, yet you do realize it is being used. It’s been 15 FUCKING YEARS and it’s STILL early? I guess we’ll just keep waiting. Also I said nobody practically used it AS A CURRENCY. You know, like your lord and savior Satoshi intended to topple the banks…oops it ended up just speedrunning the rise of bank-like entities along with the history of financial regulation. OH GEE I WONDER WHY. > You mean you haven't heard of all the times I've been scammed out of my self custodied Bitcoin because it hasn't happened? Again are you implying we run a global economy with self-custodied currencies? That is monumentally stupid. >Watch us. Shut up you’re a fucking clown.

Limp-Crab8542

> Greed is the reason Trust does not work. They are the same problem. No they are not. Perfect trust is obviously not possible but some ecosystems have and maintain a much higher degree of trust than others and are relatively resilient to greed. For example, surgeons vs crypto bros. The scientific community vs bankers. The difference between the two is a culture that disincentivizes greed and incentivizes objectivity. You clearly aren’t thinking this through. > Of course it is. Trust is a facade of truth. Verification is actual truth. What nonsense. Again, WHO IS DOING THE VERIFICATION? You keep ignoring this. If you are implying that individual end users should be verifying their own transactions and you intend to run THE GLOBAL ECONOMY like this then you’re just an idiot, sorry. If you’re implying that some algorithm is doing it, then it has to be built and standardized by some entity that is ultimately vulnerable to greed. > Pretty big 'if', don't you think? "If you didn't have to verify, there would be no problem!" I don’t even know what the fuck you’re saying here. Trusted entities verify against fraud, but also others things like user errors and are able to reverse transactions in such cases. For many people, they are generally able to trust without verifying themselves. Like…this happens everyday for many people. So yeah, when the system works, it works. When there is regulation in place (I.e. mechanisms to curb greed) it works and is more efficient that way. So greed IS the problem. This isn’t the snarky gotcha you think it is. You don’t understand wtf you’re talking about. > This is complete wreck of a statement. Crypto is not hypercapitalist, and it pushes for separation of state and money. A separation of state and money…is like…the whole point of capitalism. So the state does not interfere with the capitalist class maximizing profits by pushing for regulation. You ever heard of “privatization” and “austerity”? Are you this clueless? A few paragraphs below you brag about BTC rising in price “faster than any asset on earth”…like lmao do you hear yourself? You don’t think it does that via capitalist mechanisms? The vast majority of people in the crypto ecosystem put capital in it with the hopes of extracting more then they put in. This ranges from people actually “investing” in crypto assets themselves to people like SBF running ponzis. No inherent problem with this until you start championing deregulation so that psychopaths can squeeze the vulnerable by any means necessary - again, like SBF. That’s not hypercapitalist to you? lol > These CENTRALIZED SCAMS are happening ONLY because people are TRUSTING third parties due to their GREED. WHY DID THE CENTRALIZED ENTITIES AND TRUSTED PARTIED ARISE IN THE FIRST PLACE AND WHY DID PEOPLE TRUST THEM? IT’S ALMOST LIKE THEY DID SO ORGANICALLY DUE TO MARKET FORCES COUPLED WITH LIMITED RESOURCES!! DO YOU KNOW ANYTHING ABOUT THE POWER STRUCTURES OF HUMAN INTERACTIONS AND SOCIOECONOMICS? JESUS FUCKING CHRIST YES I HAVE TO YELL HOW IS THIS NOT OBVIOUS. > Examples from this year? Let me guess, all centralized services running on trust models. I mean, yes probably? You didn’t refute anything I said. > We clearly have very different definitions of "crypto". Yes we do. You live in a bizarre fantasy land where what is actually happening with crypto in the real world on a large scale is “just people being dumb hErP derP just be your own bank”, as opposed to signs of questionable incentives within the ecosystem. Because “by god, Lord Satoshi said it will free people and topple the banks omg guyz” or some stupid fanfic nonsense like that. Stop larping and grow the fuck up. > Because it is still early in adoption, rising in price faster than any other asset on earth? There is no fantasy required, everything is working as expected. You say practically nobody uses it, yet you do realize it is being used. It’s been 15 FUCKING YEARS and it’s STILL early? I guess we’ll just keep waiting. Also I said nobody practically used it AS A CURRENCY. You know, like your lord and savior Satoshi intended to topple the banks…oops it ended up just speedrunning the rise of bank-like entities along with the history of financial regulation. OH GEE I WONDER WHY. > You mean you haven't heard of all the times I've been scammed out of my self custodied Bitcoin because it hasn't happened? Again are you implying we run a global economy with self-custodied currencies? That is monumentally stupid. > Watch us. Shut up you’re a fucking clown.

nonamewilly

"TRUST NO ONE" *X Files theme starts to play.

stupidcupid112

Stay away from TRUST WALLET. Metamask or native wallets of each project is what I'm going for.

Walla_Walla_26

He front ran his own exchange and potentially traded against his own customers. The guy sucks and I’ll admit I almost bought into the hype. TRUST NO ONE BUT YOU

Think_Description_84

OMFG the braindead people this guy collects. He literally just shared a fake story about pelosi's husband by a news org that has a provable record of utterly faked stories like elvis sightings and clinton being dead. BUT YOU TRUST HIM. LOL!!!! So, wait, let me get this straight, you trust something he says particularly when this exact bullshit is circling q'tard boards right now. LOLOLOLOL Who's retarded here? LOL - go look at how many things he's just objectively fucking wrong about, like submarines, and doge code, and pedo rescuers... yet you still believe this idiot?! AFTER YEARS of his idiocy on full display! Go look at his absolutely moronic texts. LOL OMFG, how could you call anyone a retard after believing this dumb shit still. Sorry man. Go look in a mirror and take stock of what you believe and why... Thanks for the laugh though. You made my night.

TarkovReddit0r

yea lesson learned: 1. secure your vault 2. NEVER TRUST THE "used address in the past"

Ginyu-force

Deregulation tastes like this. Whole crypto system is based on TRUST. Traditional markets have been through shitloads of scandals and crisis and that made it stable If crypto wants to be that future then it will go through same path. Crisis then some regulations then stability. If someone gave you billions then you will flee too. Because everyone knew algorithmic stablecoins don't work still nobody said anything, everyone was in profit .... now everyone wants to hunt that guy because finally it all fell?. Is everyone willing to return the Money they made off from Luna ? Why should do kwon.. It will take time.. Just like dot com crash impacted the markets, year 2022-23 will be known for this.

TechnoRanter

I hope it doesn't. There are 4 levels of trust I have when it comes to exchanges: - Trust as an on/off ramp - Trust to use for small immediate purchases - Trust to store small amounts for long periods of time for long-term DCAs or buy limit orders - Trust to store large amounts on Most big name exchanges like Kraken, Binance US, Gemini, and Coinbase can fulfill the first requirement; as long as I am immediate and withdraw as soon as I get the funds, it's usually alright. The second one is also pretty easy to satisfy for me so I typically just use my main onramp exchange for my main coin purchases and Kucoin for the alts. The third is tougher to acquire. After everything that's happened, I only feel comfortable doing that with exchanges that show exact Proof of Reserves with liabilities and have a positive view in the crypto space. Even still, I wouldn't store more than a few hundred on one of these at a time. **I TRUST NO EXCHANGE ON THE FOURTH ONE**. My Ledger (and hot wallet for coins unsupported by Ledger) are the only places I trust for long term storage. I've kept that policy since day one of crypto investing and I have no intention to stop, especially after the insolvency scares.

elektroB

It's probably a good idea. (NOT FINANCIAL ADVICE, DYOR, MAKE YOUR OWN ASSUMPTIONS BASED ON INFORMATION YOU THINK IS RELEVANT, DO NOT TRUST ANYONE EXCEPT YOUR CLOSE ONES, DON'T LOOK IN THE MIRROR, DON'T LOOK OUTSIDE, DON'T LOOK AT THE MOON.

BLAZEIT562KREMS

Is TRUST WALLET safe ???

AllCredits

Bank run every exchange, whoever’s left standing afterwards is as trustworthy as dogshit, TRUST NO EXCHANGE EVER. Not your keys not your crypto

yourmom_fat_as_hippo

The very thing Satoshi wanted was, NO TRUST WAS REQUIRED. He was pseudonymous just because of that. Humans are inherently corrupt, and the desire of power is wired in Human brain. Bitcoin was made so that you don't have to trust any human in the world. It's you, your coins and your responsiblity. Bitcoin system will continue to function and you have a perrfect monetory system. By bringing all these VCs and faces and CEOs in crypto, we are basically doing the opposite of what Satoshi wanted.

Big_Competition3812

He was basically saying that fortune favours the brave and funds are SAFU. They have so many SHIB because that's what their clients bought. They are holding 1:1 he claimed. They are not like FTX, they are more like a bank that rips off clients with fees. So all good, now stop the FUD and rebuild TRUST.

pachinkopunk

You're not just incorrect, you're also stupid. I mean that sincerely. You're not a very smart person and you never will be. For your entire life, the majority of the people in every room you enter, are smarter than you are. The problem with stupid people is that they are helpless to help themselves, and if they are given the opportunity to make decisions, they will inevitably hurt themselves and the people around them. This is what makes stupid people not just ridiculous, but also dangerous. You are a dangerous stupid person, which is only amplified by your courage to speak. I am afraid there is no cure for stupidity (you're born with it, and a good portion seems genetic). Here's my best suggestion, as a smart person, to a stupid person, who needs help. Find the help you need from experts. DO NOT TRUST YOURSELF. You are stupid. You will have to rely on those more educated or more understanding of the world. The hardest part for you, will be deciding who is the "expert" or who has the right advice. Luckily, I have a solution for you. Ask other people in the field of expertise, who they feel are worthy of your time and energy. Other people (smarter than you) will be able to tell the differences between intelligence where you cannot. They will be able to perceive the blind spot. For example, if you need advice on buying a home, talk to other people who have purchased home (but this is key) ONLY take advice from people who have a proven track record of success and who they suggest speaking with. Not all opinions are equally valid. Your opinion is worthless, so to help add value to your actions you need to find opinions that are trusted and held somewhat valid by your smarter colleagues and peers. You will be unable to help yourself otherwise. You simply do not have the mental capacity for the kind of abstract thought required to process the information at higher levels. Please don't feel bad. The majority of the world is in your situation and they can't help it either.

e987654

I hope someone is writing a list of all these CEX's so we can have a DO NOT TRUST list. Or a list of ones that need to be investigated and shut down.