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    Author Topic: WHY PEOPLE ARE NOT TAKING THEIR PRIVACY SERIOUSLY.  (Read 1118 times)
    AmoreJaz
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    December 12, 2023, 11:50:49 PM
     #101

    and in such environment it is not easy to convince people that they need to let go of some of that convenience so they can attain a higher level of security and privacy, especially when many people feel they do not really have anything to hide.
    I am not trying to convince anyone, but it is good for people who want to use BTC to understand that it is different from fiat and centralized banks, some people try to use BTC like they are using their fiat bank, they store funds in centralized exchanges, they allow centralized exchanges to control their keys and use their money for fractional reserve scam. I think for such people it may be better for them to go on using fiat 'conveniently', than using BTC in that way, because they would probably lose their funds along the line and blame the network.
    That's dope, Your thoughts regarding privacy make some sense. That people take their funds and keep them in the exchange, and they say that we use the decentralized ecosystem, but according to you, they keep their assets like fiat currency and banking, which is a big stupidity that you are also BTC holders. And if he is also placed in the centralized exchange, then, in my opinion, there can be no more foolishness than this; his example is like making a cat a watchman for meat. Scammers can also steal your funds from exchanges. So it means to take care of yourself. If you have a lot of money, then keeping it in a safe place is called the right privilege.

    It means protecting privacy and using hardware wallets instead of centralized exchanges. Exchanges should not be trusted; even if it's Binance, they can't protect your funds either from themselves or from hackers, because just by being online, you can lose your funds if your security arrangements are not strong.

    i am guessing up until, with all the hacking and issues that CEXs encountered throughout the years, still there are so many people storing their funds to the exchange for various reasons. one for example that i've read here in the forum is because of the rising fees, they will give directly their exchange address to save fees in transferring their money. well, that's understandable. but one should frequently check his exchange account as some exchanges will change the address you have. so if you are too late to be notified, you don't know if you can still get the money supposedly going to your account. aside from that, once you received your funds, better convert to whatever coin you want to or fiat, and get out from the exchange. send it to your own wallet where you have total control.

    sometimes you need to sacrifice your privacy in order to get your funds in fiat. unless, you can find a trustworthy p2p app without kyc to convert your crypto to your fiat. this is why most crypto users can't escape the privacy thing because if you start using a reputable p2p service, you really need to submit kyc for you to use their services. otherwise, you are subjecting to high risk of being scammed. your choice!

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