Proof of Keys website launched - https://www.proofofkeys.com

OP updated accordingly...

I already did that. I don't keep my coins on exchanges and I don't even have to participate in this Independence Day event because I'm participating all the time. If someone wants to trade and feels confident keeping coins on centralized exchanges it's his choice. There's so much manipulation and scams that if you don't hold your keys you will sooner or later get robbed. And that's a fact!

This is a good idea for everyone to withdraw their coins from the exchanges, but this means that trading volumes will plummet and a possible dump of alts before everyone withdraws. We really need better decentralised exchanges

absolut bullshit idea again from the BTC community- you dont realize you fail in everything?

to the sheep
1. proof of keys is not about "sovereignty" it is about a subtle ruse/story to take funds out of an exchange in the hopes(of trace mayor) that the lack of supply of coins on an exchange will cause a flash price rise. but....
2. day traders that actually day trade will continue to day trade.
3. those that dont day trade and just use exchanges as a custodian, means:
       balance sat in exchange wallets(just for custodial purpose) is not balance sat on market order lines.
       thus are free to withdraw without impacting their normal daily activity,
       thus never impacted the price anyway.

so do not expect huge price movements via trace mayors ruse
i do not think trace mayor will get his hidden agenda of a flash price spike like he intends. as the only people that would withdraw ar the ones that are not actually day traders in the first place

...
what will actually cause more of a price surge. is the mining:market dynamic
new next gen asics are being received and set right now. with hashrates rising. the cost of mining rises.
those playing the "which is cheaper mining:buying coins" will see that buying can be cheaper. thus raising the price when they buy

then asic miners see the price rise that gives them confidence to mine more. which causes more cost of mining. rinse and repeat the dynamic upwards
and the dynamic plays out.


in october last year(3 months ago) the dynamic played out the opposite way.
old gen asics sold dirt cheap made mining cheap so less were buying coin. and more were mining and then selling coin for profit. causing the november down slope. other miners were not as profitable so stopped mining. causing more drama

the mining:market dynamic has always been a thing since 2009, so keep an eye on that as a influencer this month

Though this event is over, everyone must remember the slogan "Not your keys, not your bitcoin."

totally into this, Proof of Keys

Looks like Cryptopia is the first victim of this movement.