I did not participate, because i did not know about this event. But even if i knew about it i would not have participated, im one of those idiots with their (small) holdings on an exchange and im perfectly fine with that.

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

No, because they're already in cold storage and I don't like people telling me what to do with my shit.

I personally think this is the whole point of the "event" in the first place though. The point isn't to just move coins to wallets for no reason at all, the point is to give awareness to the people to hold their unused funds(coins not being used for trading) on their own wallets(where they have access to the private keys) instead of leaving their funds on the exchanges. I personally don't find it dumb in the slightest at all; even if it gives awareness to only a small number of people, that's still a decent number of people saved that could definitely be hacked in the future if their coins are previously on exchanges.

I don't normally keep funds on exchanges since I've been screwed a couple times by hacks and exit scams. So, I wasn't in a position to participate. From the look of the network, not many other people did either. There were no signs of congestion on the network all day.

I only transferred the coins that I had on some exchanges to my hardware wallet a few days ago. I reckoned that exchanges will be flooded with withdrawal requests on the day, so I did it well in advance. <I know some exchanges blocked people's withdrawals and even their accounts to stop this from exposing them>

If you were a victim of this, I would advise you to withdraw your BTC at a later stage and start managing your own private keys. <Just transfer coins to exchanges, when you want to sell> 

One of the reasons for this event is to test the solvency of those third party wallets. But I dunno how realistic it is, even if the event had gathered much more users.



There are some reasons, for example daytrading. Or, like in my case, investing. I'm willingly risking with the amount I can afford to lose to get some profit. There are probably other cases that require holding coins in third-party wallets.

I didn't need to, because this was one of my main principles already.

No, and i think its realy absurd becouse in that situation all centralised exchanges wouldnt be exist at all, i dont think its good idea at all we needt this ,its my opinion.

No, I did not participate in this event and I think that participation is an absolutely meaningless undertaking