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Replying to Avatar MustStackMoreSats

*The Real Risk of Holding Bitcoins*

The greatest #risk of holding Bitcoins isn't the price crashing to zero; it's human nature. #Bitcoin resembles cash in one key aspect: it's a bearer asset. This means possession is ownership. If you store your Bitcoins with a third party (e.g., Coinbase) and their website is hacked, your Satoshis can be stolen.

*Our Security Approach*

We buy Satoshis (the smallest unit of Bitcoin) from Cash App and immediately transfer them to a cold storage device (offline Bitcoin wallet) for maximum #security.

*The Biggest Risk*

The most significant risk associated with using the Bitcoin network is loss. If you forget your seed phrase (a unique 12- or 24-word passphrase granting access to your Bitcoins) or don't possess a physical cold wallet loaded with those words, you're out of luck. If you pass away and do not leave your keys to a family member, the Bitcoins will never be accessed again. Millions of Bitcoins have likely been lost forever, making the remaining ones more valuable.

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â‚¿ujuX 1y ago

Significant paradigm shift from what we've been taught in fiatland.

We're all playing this game of life from varying positions and knowledge basis. The faster we get to the touch the better informed decisions we can make.

Bitcoin is the clear winner.

Happy stacking my friend.

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