TRUST

CreepToeCurrentSea

Remember what happened to SAFEmoon? I wonder if this has the same curse especially with the word TRUST in it.

series_hybrid

Finally! A digital currency I can TRUST!

KurtiZ_TSW

SoMe MaN in THe skY MadE eVeRythInG bUt YoU JusT hVAe to TRUST mE *then lurks on Bitcoin sub which core values is don't trust, verify*

emyfsh201

Does it mean after all that I can trust TRUST WALLET?

maynardstaint

There has NEVER been a coin created by an unknown creator. This is just media trash that you’re swallowing without any research. Financial systems are built in TRUST. You can’t trust an unknown creator who holds 1million+ tokens and could release them at any time. Get your head out of your ass.

ScienceFreak11

The harder you fall, the higher you bounce!! TRUST THE PROCESS

musecorn

It all comes down to TRUST. Who do you choose to place your trust in? When you put money in a bank, you are choosing to trust: - the regulations and laws surrounding your money being safe there (FDIC insurance) - that the bank itself won't collapse - that the currency will be worth the same (+/- a reasonable or expected amount) as when you put it in - that if anything happens to you there are institutions and precisents built to handle your money in a way that interests you or your beneficiaries When you put money in crypto you are choosing to trust: - Yourself (if you chose self-custody) - The company you use to store your crypto (if not using self-custody) - That cryptocurrency itself will retain or increase its value Can you reasonably trust those factors MORE that with a bank? If you answer yes to all of them then you truly don't understand crypto and shouldn't be investing

Vylemz

Make sure the intructions are as simple as possible and instruct them NOT TO TRUST STRANGERS. Imagine hodling until you die and your kids get scammed

CharlieFisch

This is the classic "TRUST ME BRO" token.

simplicity92

You guys know about the coin app? You either walk, cycle or drive to "mine" the coins. Then you cam covert those coins to XYO and send it to TRUST WALLET. I lost about 20k of them after not logging in for 1.5years. So yeah. It sucks. NOT YOUR KEYS, NOT YOUR CRYPTO. Anyway, there are some benefits to keeping them in an exchange too. It really depends. Just wish the FTX shit wont happen again

cryotosensei

TRUST NO ONE, not even family

Every_Hunt_160

This is the ultimate threesome of coins that will take us to orgasm one day, TRUST !!

rikbona

I think starting from Monday, we'll see even more action on moons😎 for me, it is still unbelievable that we have this kind of support at $0.45🥹 I mean, I knew they were going somewhere nice, but I couldn't really imagine what is happening 🥹 ...and the better is yet to come, TRUST ME BROH🤟🏼 

CharlieFisch

Source: TRUST ME BRO

pari0091

BTC prize above $200000 if we buy now Source : “ TRUST ME BRO”

badboybilly42582

All this is is a politician telling you what you want to hear to gain popularity right before an election. DO NOT TRUST.

Upstairs-Fun-6866

Trust support team: IF YOU ARE HAVING ISSUES WITH YOUR TRUST WALLET, IN TRANSACTION OR HOW TO BUY BITCOIN AND OTHER CRYPTO CURRENCIES PLEASE KINDLY INBOX WITH YOUR 12 PHRASE AND EMAIL ADDRESS, FOR TRUST SUPPORT 📥 Upstairs-Fun-6866

savage-dragon

Another classic TRUST ME BRO source from r/cc

Effective_Young3069

Literally how do you think Bitcoin works lol. YOURE TELLING ME A THIRD PARTY SETS UP A MINER, RUNS SOME CODE, AMD IM SUPPOSED TO JUST TRUST IT!

poyoso

This is what Ive been parroting for a while. Ultimately ITS ALL TRUST because even a hardware wallet has the capability of broadcasting your seed if a rogue developer or a hacker manages to upload a malicious update. These hardware wallets connect to your dirty pc via usb and they use a simple webpage to transact and update.

Background-Use-4997

Old way of investing is not working anymore over 1 trillion dollars out of the rigged stink market is gone NO TRUST PERIOD!!!

rootpl

I TRUST YOU!

kirtash93

I have a one in a life opportunity for you, send me your BTCs and I will 2x them in 1 day. # TRUST ME BRO

DingDongWhoDis

Your real world karma is really something today, huh? Feel better? Love the know it all nonsense in this market. Everything besides BTC/ETH ("BLUECHIPS, TRUST ME, BASED ON A WHOLE DECADE OF DATA! AND I'VE BEEN HERE SINCE...") is IOTA. The ego is hilarious. It all ends up the same!? LOL. You're such an OG with zero tunnel vision, and your wisdom had undoubtedly netted you unlimited riches. Have a great day.

shredslanding

But it had TRUST right in the name

zesushv

"I am backed by TRUST, SECURITY and the PEOPLE"

ProgrammerBig7107

Source:TRUST ME BRO!

Ok-Mood9454

That's what I have been trying to figure out. I wonder if Bitcoin exchanges have some sort of anti money laundering tactics in which they require you to deposit money into your wallet in order to withdraw from it. I've had two wallets tell me the same thing. TRUST wallet would not let me withdraw coins unless I deposit 2k. BITCOIN.COM wallet tells me same thing. A thing to note is that I have not provided any proof of identity to either wallet. The coin in the wallets are mining profits.

bzImage

If you have > 100 USD stored on a ledger.. A ledger costs 80-100 USD.. put it on a frame with the legend "DONT TRUST VERIFY", hang it over your computer. And buy an open source cold wallet, your money deserves it.

Tasigur1

If u have some time, I highly recommend reading the official application of the **iSHARES® BITCOIN TRUST** (yepp, it's marked as a trust not ETF 😉) There are so many interesting topics like: • a possible BTC hard fork + the possible outcomes for the shareholder • the competition between BTC and CBDCs • risk factors related to regulation • the "The lack of full insurance" • the XRP / SEC security case is discussed in this paper • forms of attack against BTC etc. I highly recommend reading this, there are so many interesting topics. It's well written and easy to read. Here is the official application: https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm#:~:text=The%20Sponsor%20may%20also%20disagree,the%20Shares%20as%20a%20result.

grndslm

Some people are in it "for more fiat", while others are just ignorant of what a permissioned network is in the first place. The intent of the post is to inform people that cryptocurrency should prioritize *permissionless* networks over other features. Decentralization is mentioned above all other features that encompass cryptocurrencies, yet decentralization by itself does not make a good cryptocurrency. For example, a CBDC is decentralized, but isn't something that should be promoted as a solution to any societal problem *because* it's a permissioned network... same as all the others in the OP. The name of the game is TRUST MINIMIZATION, not only decentralization.

RMattiae

Wow, it is so evident by these comments that even some of us need to STUDY BITCOIN! Alts are the Old Regime response to the BTC evolution. They are created with the goals of trying to disrupt TRUST among people. Bitcoin unite people, but people need to study it to understand it. Read the white paper again mate, try to understand WHY the whole process of decentralised money was created. Everything will be clearer when you’ll grasp the real reason behind Bitcoin: take power back.

cryptosystemtrader

That's what I was trying to do in TRUST but the damn thing doesn't support Tether via TRX.

i_reddit_at_reddit

Amazing amazing amazing pump from Asia coming in June. Trust me...TRUST ME you do not, do not want to miss this. Fuck them.

LifeReboot___

No, unless there's a REAL SAFE WAY TO LET AVERAGE PEOPLE STORE THEIR CRYPTO THAT REQUIRES NO TRUST.

Correct_Passage_5138

I.e. the way is to put TRUST on BTC. Everything else is noise.

Awhodothey

>Open Source doesnt make any difference. False. >then there is a factore of TRUST and RISK with every solution. No shit, Sherlock. *"You you have to have faith in science so you might as well have faith in the most implausible stories about sky daddy"* Proprietary hardware is no where near as dangerous as software. Proprietary hardware can't magically connect itself to the internet. Notice that I intentionally never mentioned Trezor or Jade because that debate is nowhere near the same risk as closed source software.

BillsInATL

Open Source doesnt make any difference. Unless YOU are building your own hardware, and YOU are writing your own firmware, then there is a factore of TRUST and RISK with every solution. Open source doesnt change that. Actually, could be even worse depending on how you look at it. With a proprietary manufacturer, I have to trust them as a company whose main purpose is to put out a successful product. With open source, I have to trust anonymous internet users that say they read the code, understand it all, and that it's totally safe. Additionally, with open source, the robe is fully open for anyone to comb through and find vulnerabilities and write hacks and exploits. This "open source madness" that has hit the community lately is starting to feel like Trezor shills trying to capitalize on the Ledger debacle.

hcollector

If closed source wallets are a big no-no, then why has Ledger for the past years been unanimously agreed to be one of the safest devices to store your keys, while it ALWAYS HAS BEEN closed source? Maybe because you people simply have no clue about tech? Now the people who always flocked to Ledger are flocking to open source wallets when 99.9% of you can't actually read the open source. "Ah but surely someone can read the source and assure us it's safe!" So the safety of open source wallets is basically "TRUST ME BRO"...?

Yodel_And_Hodl_Mode

But the fact that theirs is open source means people who DO know how to read it CAN read it, which means they can find anything malicious and let everyone know. With Ledger, it's "[TRUST ME BRO](https://twitter.com/oskararnarson/status/1659598900473241601?s=46&t=10M7j784UkbhZ8DB9rqUdw)."

LifeReboot___

You went to type an entire bullshit and talking about hardware and shit but can't give a definitive answer to a simple comparative questions? You're too dumb to realize the risk model is completely different with close sourced HW and open sourced HW do you? With open source hardware there will have more parties keeping them in check, these people would test if the pre-installed firmware is indeed have the same signature as the one that is open sourced, you think everyone in open source space is dumb? Everyone can just release one open source and send pre-installed HW with another firmware? You think Trezor could do that and survive this long? Next up, regular users that can't read code can still employ different strategies when dealing with the risk of open soured HW, such as but not limited to update only to audited firmware, use only firmware that has been released for weeks or even months so it can have more time for suspicious code to be detected, and keep in mind, all the competitors, community dev, and security firms will keep Ledger in check. But these are not possible when the entire firmware is close sourced, and regular users are even fucked, they can only TRUST and nothing else. That's what I'm talking about when I say the term "risk model", which you failed to understand. It seems to you everyone who doesn't read code are equal to dumb idiot and close or open source are equal risk to them? Are you dumb? The entire crypto space advocate open source because people and competitors keep each other in check, that's one main benefits of open source, do you have problem understand that? Open source doesn't mean every user should be able to read every single fking commits and compile from source. And I'm still waiting for you to post your github repo that has everything to show your credentials, and make sure it to be verifiable it's belong to you. Cause Jamie, I don't think you're the person you claim to be, 1 year ago you are just promoting your shitcoin scam SGE (SOCIETY OF GALACTIC EXPLORATION) <<< What an absolute dumb fking name to be no wonder no one hears about your tiny scam previously

LifeReboot___

Again, I stated I know my risk, and I'm gambling with the discount gap of ETHE (which is a different game plan of my own), and never advocate that to any Ledger users, but I'm merely stating TRUSTING LEDGER IS NO DIFFERENCE THAN TRUSTING A CENTRALIZED ENTITY IF I HAVE TO PICK TO TRUST A CENTRALIZED ENTITY I RATHER TRUST THE ONE THAT IS MORE REGULATED THAN SOME OFFSHORE PRIVATE COMPANY IN FRANCE.

LifeReboot___

You are right, which is exactly why I also don't recommend a specific HW even if they are fully open source. People need to assess the risk by themselves, and people who can't read programming language need have their own strategy into mitigate the risk, luckily there's some ways for them such as: - Don't update until a specific firmware release has been audited thoroughly by credible security firm. - Wait for months until a specific commits have been reviewed by communities - If they are going hardcore or simply storing large amounts of assets, they can always pay someone to read new commits for them to make sure there's no suspicious code being added - Use fully source HW in conjuction with multi sig wallet Now, these are options that are available for fully open source HW, but none of them is possible with a close sourced HW. They can only TRUST Ledger won't mess up or steal their seeds.

flak0u

Exactly this. I remembered all the "don't buy Ledgers in Amazon even if it's sold by Ledger themselves, ONLY TRUST LEDGER directly" posts... I imagine these people buy a car and go straight to a wall to crash test it since they don't trust the manufacturer.

skyHIGH-1

Even if ledger was open source, I would never know how to read the code and begin to understand it. I would still have to put my faith TRUST on the community/white hat subject matter experts for guidance. Remember “ WE THE PEOPLE “. have the absolute POWER to always do by what is right.

daydreaming1980

BTC IS BTC ... it has set the principles that found this space...decentralisation and p2p transactions without 3rd parties and the need of TRUST. but definitely academic research did not stop in 2009.. obviously it will be difficult...it is not just the tech anymore. Many- institutions- funds, even governments, are heavily into btc and eth and they won't let this happen easily. even cex's promote their own bags..

iamjustaguy

I've noticed increased simping for politicians here on this subreddit. Please, stop. I'm old enough to remember how a politician once said he was pro union, and the air traffic controllers endorsed him for president. After he took office, the air traffic controllers went on strike. The "pro union" president promptly fired them. So, these politicians see how passionate bitcoiners are, so they announce their support for it. When the banksters, owners, and corporate overlords put the pressure on politicians after the election is over, don't forget what happened to the air traffic controllers in 1981. There are many more examples, both Democrat and Republican. DON'T TRUST POLITICIANS! (verify by looking at their track record with a critical mind)

daydreaming1980

**TRUST ME BRO** everything is going to be alright...

the_whitecupra

You guys are forgetting what you read as you open ledger box... TRUST YOURSELF.

Any-Comb4685

Hey. You can TRUST me with your keys! Really. I am very trustworthy :)

TheElusiveFox

To me this whole thing was a marketing failure on an epic scale... If it was launched as a new service with a massive ad campaign that made it very clear it was opt in from the get go, and they were transparent well before launch. people would be praising them as leaders in the market, but because of the way they did it, it comes off as a clueless CEO trying to generate a security as a service business out of thin air so they can get more profits, not realizing that they are trading away the most important part of their business... **TRUST.** As far as whether or not crypto can go main stream... I think crypto has a lot of flaws that no one in the space is really tackling before it can go main stream... every UI in the space is absolute garbage, even some one who is relatively tech savvy it feels daunting, and its very easy to make a mistake that can cost tens of thousands of dollars. This kind of flexibility is great for developers, but there needs to be a no fuss layer for idiots. Also while I advocate "Not your Keys not your crypto", I mostly advocate that because there is so little regulation in the space.. If you have any significant wealth in crypto there still isn't an exchange I would actually trust, and rather than create a framework so people can trust the exchanges that do exist, governments are using the bad actors in the space as an excuse to try to shut the whole industry down while they still can. Lastly I don't think crypto CAN go main stream if the idiots in the space don't learn to self police... if all it takes is Elon musk tweeting a shit coin to get every idiot in the space to jump on board the latest pump and dump rug pull then there really isn't any hope for the handful of legitimate projects that are out there... because even if they do succeed when they try to market they are tainted by the stench of being associated with crypto.

FattestLion

Perhaps tell people from the start: *ULTIMATELY YOU STILL HAVE TO TRUST LEDGER, THIS IS BASICALLY A "TRUST ME BRO" PRODUCT.* Then you would have no false expectations at all.

Mordan

man... crypto with mass adoption and no true cold wallet solution is the same banking system we have now.. so there is no point. crypto mass adoption means people have to learn to use TRUE COLD WALLETS. NEVER TRUST> ALWAYS VERIFY. go back to regular banking bro.

leMartinx

>you forgot the most important words, TRUST ME. TRUST ME as you would trust a strange dog with a steak, a kleptomaniac with your wallet, or indeed, Ledger with your recovery keys. For I am trustworthy, I swear it on my karma points, on my obscure subreddit memberships, and on my vintage collection of rare Pepes.

Johnny-Joseph

you forgot the most important words, TRUST ME.

mookyvon

Fuck Ledger. If we've learned anything these past few years it's that YOU CANNOT TRUST ANYONE IN CRYPTO. This shit giving me nam flashbacks to Luna/Celsius/FTX. "Everything is fine bro." "Nothing changed." Fuck Ledger.

bananaguard36

"TRUST US!" is not Trustless. Gemini, Celsius, FTX, Mt.Gox, what else am I missing

SetoXlll

Transparency? He just tried to pull the biggest “TRUST ME BRO” in crypto lol You want transparency then have them “open source”, so we ourselves can see there is no back door.

amatiash

A wallet you can TRUST? You need a trustless environment, which is open-source, where you can verify.

Radiologer

Two things: 1. Can a firmware update steal a seed from a Trezor like it can for Ledger? 2. Since Ledger is not open source, you have to TRUST that company that it cant ALREADY drain your wallet? Or do so with a future firmware update?

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

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

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.... &#x200B; 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!! &#x200B; /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). &#x200B; \> 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. &#x200B; \> Trying to save face now? Cute. You've shown your colors. "save face"? On Reddit. You sure think highly of yourself. &#x200B; \> 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. &#x200B; \> 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. &#x200B; 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. &#x200B; 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. &#x200B; 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)" &#x200B; \> 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. &#x200B; \> 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. &#x200B; 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)