RATE Group | Get Your Bitcoin Off Exchanges in ‘Proof of Keys’ 2020
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Get Your Bitcoin Off Exchanges in ‘Proof of Keys’ 2020

05 Nov Get Your Bitcoin Off Exchanges in ‘Proof of Keys’ 2020

Posted at 10:31h in Bitcoin News by

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Bitcoin (BTC) could be set to disappear from exchanges en masse in two months’ time as the second annual Proof of Keys event takes shape.

In a Twitter post on Nov. 5, Proof of Keys’ organizer, Bitcoin Knowledge podcast host Trace Mayer, appealed to spread the message prior to the event on Jan. 3.

Mayer challenges Bitcoin HODLers

Now in its second year, Proof of Keys challenges Bitcoin HODLers to take control of their funds and stop using trusted third parties. 

Under the slogan “Not your keys; not your Bitcoin,” Mayer highlights the still frequent exchange implosions and seizures as an argument for investors to control access to funds themselves. 

“A lot of people just don’t want people holding their own private keys and doing their own network consensus,” he said in a promotional video recorded for the 2019 Proof of Keys. 

Participants are encouraged to add their support as part of their Twitter handle in advance. On Jan. 3, the date of the Bitcoin genesis block, they…

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