NotYourKeysNotYourCoins
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How Kevin Day Lost $16 Billion in Bitcoin
One day, Kevin Day, a tech enthusiast from Nebraska, found himself at the center of one of the most dramatic events in Bitcoin history. In the 1990s, Kevin had worked as a video game developer on classics like Mortal Kombat 4, NBA Showtime, and NFL Blitz. A true geek at heart, he even had the chance to meet Mark Hamill, the actor behind Luke Skywalker.
Beyond his gaming career, Kevin was passionate about the internet. After his startup folded during the Dot-Com Crash, he turned to hosting websites, drawn by the freedom and creativity of the web. That same spirit eventually led him to #Bitcoin . Kevin joined the Bitcoin community when the price was $7, captivated by its meteoric rise from just $0.30. He quickly threw himself into mining, eager to be part of this revolutionary digital movement.
On June 19, 2011, Kevin’s passion collided with an extraordinary opportunity. Within just 20 minutes, Bitcoin’s price crashed from $17 to an astonishing $0.01. While others were paralyzed by panic, Kevin saw his chance. Acting quickly, he placed a bid to buy $3,000 worth of Bitcoin at $0.01 per coin. His order succeeded, securing him an unbelievable 259,684 #BTC for less than $3,000.
As the price rebounded, Kevin’s investment soared in value, skyrocketing by an incredible 166,000%. He managed to withdraw 643 BTC—the maximum allowed under the exchange’s policies—before everything unraveled.
The crash, it turned out, wasn’t a mere market fluctuation. It was the result of a hack on the Mt. Gox exchange. The hacker had stolen Bitcoin and sold it at fire-sale prices, creating chaos in the market. To address the fallout, #MtGox decided to roll back all trades made during the crash, including Kevin’s.
This decision erased Kevin’s remaining Bitcoin and the holdings of countless other traders who had placed legitimate orders. Though Kevin had acted in good faith, the Bitcoin community was split. Some accused him of being the hacker, while others defended him as an innocent trader who had simply seized an opportunity.
Unshaken, Kevin stepped forward to tell his side of the story. He argued that his trades were legitimate and criticized Mt. Gox for setting a dangerous precedent with its rollback. To Kevin, exchanges should uphold Bitcoin’s core principles: transparency, immutability, and fairness.
Despite being advised to sue Mt. Gox, Kevin chose not to pursue legal action, fearing it might destabilize the fledgling Bitcoin ecosystem. Instead, he became an advocate for personal responsibility in cryptocurrency, championing the now-famous mantra: #NotYourKeysNotYourCoins .
Though Kevin lost 259,360 $BTC —worth over $16 billion today—his story stands as a cautionary tale. It highlights the risks of centralized exchanges and underscores the importance of safeguarding one’s assets in the unpredictable world of cryptocurrency.
Beyond his gaming career, Kevin was passionate about the internet. After his startup folded during the Dot-Com Crash, he turned to hosting websites, drawn by the freedom and creativity of the web. That same spirit eventually led him to #Bitcoin . Kevin joined the Bitcoin community when the price was $7, captivated by its meteoric rise from just $0.30. He quickly threw himself into mining, eager to be part of this revolutionary digital movement.
On June 19, 2011, Kevin’s passion collided with an extraordinary opportunity. Within just 20 minutes, Bitcoin’s price crashed from $17 to an astonishing $0.01. While others were paralyzed by panic, Kevin saw his chance. Acting quickly, he placed a bid to buy $3,000 worth of Bitcoin at $0.01 per coin. His order succeeded, securing him an unbelievable 259,684 #BTC for less than $3,000.
As the price rebounded, Kevin’s investment soared in value, skyrocketing by an incredible 166,000%. He managed to withdraw 643 BTC—the maximum allowed under the exchange’s policies—before everything unraveled.
The crash, it turned out, wasn’t a mere market fluctuation. It was the result of a hack on the Mt. Gox exchange. The hacker had stolen Bitcoin and sold it at fire-sale prices, creating chaos in the market. To address the fallout, #MtGox decided to roll back all trades made during the crash, including Kevin’s.
This decision erased Kevin’s remaining Bitcoin and the holdings of countless other traders who had placed legitimate orders. Though Kevin had acted in good faith, the Bitcoin community was split. Some accused him of being the hacker, while others defended him as an innocent trader who had simply seized an opportunity.
Unshaken, Kevin stepped forward to tell his side of the story. He argued that his trades were legitimate and criticized Mt. Gox for setting a dangerous precedent with its rollback. To Kevin, exchanges should uphold Bitcoin’s core principles: transparency, immutability, and fairness.
Despite being advised to sue Mt. Gox, Kevin chose not to pursue legal action, fearing it might destabilize the fledgling Bitcoin ecosystem. Instead, he became an advocate for personal responsibility in cryptocurrency, championing the now-famous mantra: #NotYourKeysNotYourCoins .
Though Kevin lost 259,360 $BTC —worth over $16 billion today—his story stands as a cautionary tale. It highlights the risks of centralized exchanges and underscores the importance of safeguarding one’s assets in the unpredictable world of cryptocurrency.
$DOGS and $NOT is the golden shovel in $TON chain, now the airdrop will distribute to all above three coins’ holders. Let’s wait and see how high the airdropped $build token worth!
Withdraw your token to ton chain
#notyourkeysnotyourcoins
Withdraw your token to ton chain
#notyourkeysnotyourcoins
🚀📣 Elon Musk Has an Important Message for Cryptocurrency Owners! 🌐💼
Crypto community, gather 'round! The enigmatic Elon Musk has shared a timeless yet crucial rule about the ownership of digital assets that every crypto enthusiast should heed. 🌟💡 Let's unravel this wisdom together!
📜 Elon's Golden Rule for Crypto Owners:
🔒 "Not Your Keys, Not Your Coins!" 🔑💰
In a recent revelation, Elon Musk emphasizes the importance of securing your own private keys to truly own and control your cryptocurrency. In the dynamic world of digital assets, this age-old rule serves as a cornerstone for safeguarding your investments.
💡 Key Takeaways:
🛡️ Self-Custody Matters: Take control of your crypto destiny by storing your assets in wallets where you control the private keys. This provides an extra layer of security against potential risks.
🤖 Beware of Third-Party Risks: Trusting exchanges or platforms to safeguard your assets may expose you to potential vulnerabilities. Be proactive in managing and securing your digital wealth.
💸 Ownership Empowers: True ownership of your private keys empowers you to make decisions independently, mitigating the risks associated with relying on external entities.
🔄 Stay Informed: In the ever-evolving crypto space, staying informed is crucial. Regularly update your knowledge and adopt best practices to ensure the safety of your investments.
🌐 Why Elon's Message Resonates:
✅ Security First: The rule emphasizes the importance of prioritizing security to safeguard your crypto holdings.
✅ Empowering the Individual: By controlling your private keys, you take charge of your financial destiny in the decentralized world of cryptocurrencies.
✅ Educational Reminder: Elon's message serves as a timely reminder for both seasoned and new crypto enthusiasts to prioritize ownership and security.
📣 Spread the Word:
Share this post to amplify Elon's crucial message within the crypto community. Let's empower one another to navigate the crypto universe with wisdom and resilience! 🌌🚀 #notyourkeysnotyourcoins #CryptoSecurity #ElonMuskTalks
Crypto community, gather 'round! The enigmatic Elon Musk has shared a timeless yet crucial rule about the ownership of digital assets that every crypto enthusiast should heed. 🌟💡 Let's unravel this wisdom together!
📜 Elon's Golden Rule for Crypto Owners:
🔒 "Not Your Keys, Not Your Coins!" 🔑💰
In a recent revelation, Elon Musk emphasizes the importance of securing your own private keys to truly own and control your cryptocurrency. In the dynamic world of digital assets, this age-old rule serves as a cornerstone for safeguarding your investments.
💡 Key Takeaways:
🛡️ Self-Custody Matters: Take control of your crypto destiny by storing your assets in wallets where you control the private keys. This provides an extra layer of security against potential risks.
🤖 Beware of Third-Party Risks: Trusting exchanges or platforms to safeguard your assets may expose you to potential vulnerabilities. Be proactive in managing and securing your digital wealth.
💸 Ownership Empowers: True ownership of your private keys empowers you to make decisions independently, mitigating the risks associated with relying on external entities.
🔄 Stay Informed: In the ever-evolving crypto space, staying informed is crucial. Regularly update your knowledge and adopt best practices to ensure the safety of your investments.
🌐 Why Elon's Message Resonates:
✅ Security First: The rule emphasizes the importance of prioritizing security to safeguard your crypto holdings.
✅ Empowering the Individual: By controlling your private keys, you take charge of your financial destiny in the decentralized world of cryptocurrencies.
✅ Educational Reminder: Elon's message serves as a timely reminder for both seasoned and new crypto enthusiasts to prioritize ownership and security.
📣 Spread the Word:
Share this post to amplify Elon's crucial message within the crypto community. Let's empower one another to navigate the crypto universe with wisdom and resilience! 🌌🚀 #notyourkeysnotyourcoins #CryptoSecurity #ElonMuskTalks
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"SEC.exe has stopped working! Restarting system..."
Teresa Goody Guillén: The chosen one who will bring balance to the Regulatory Force? 🌟
Hey, holders and paper hands! 🚀 Are you ready for the latest episode of the acclaimed series "the SEC saga"?
BOOM! 💥 Like it’s an episode of Friends but crypto version, we have a new protagonist in the SEC. Teresa Goody Guillén is entering the chat, and she comes with more swag than a CryptoPunk NFT.
Remember when we thought Gary Gensler was the final boss? WRONG! 🎮 As Morpheus would say in Matrix: "What if I told you there’s more?" And boy, is there more...
Hey, holders and paper hands! 🚀 Are you ready for the latest episode of the acclaimed series "the SEC saga"?
BOOM! 💥 Like it’s an episode of Friends but crypto version, we have a new protagonist in the SEC. Teresa Goody Guillén is entering the chat, and she comes with more swag than a CryptoPunk NFT.
Remember when we thought Gary Gensler was the final boss? WRONG! 🎮 As Morpheus would say in Matrix: "What if I told you there’s more?" And boy, is there more...
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"CRYPTO ALERT: Is BTC's DeLorean traveling to $100K?"
The ultimate HODLER guide 2024: While some are looking for Biff's sports almanac, the true diamonds 💎🙌 are building their future.
😅What's up crypto hodls! 🚀 Are you ready for a juicy analysis on the eternal dilemma?
Do you remember Back to the Future when Doc Brown tells Marty he has to choose the right path to not alter the future? ⚡️ Well, that's how we all are with Bitcoin now that it hit $90K. Do we buy the dip or stay in spectator mode?
😅What's up crypto hodls! 🚀 Are you ready for a juicy analysis on the eternal dilemma?
Do you remember Back to the Future when Doc Brown tells Marty he has to choose the right path to not alter the future? ⚡️ Well, that's how we all are with Bitcoin now that it hit $90K. Do we buy the dip or stay in spectator mode?
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The Resurrected: FTX Begins Its Refund Season (Now with BitGo & Kraken DLC)
Who asked for the most awaited airdrop in history? FTX has entered the chat! 💸
BREAKING NEWS! The fallen giant FTX is about to make its best move in UNO reverse card style. Remember when SBF did an epic rugpull that even Thanos with the infinity stones couldn’t? Well, now comes the plot twist...
🗓️ On January 3rd (happy birthday Bitcoin, by the way!) the "Give back the money" season kicks off starring BitGo and Kraken as the good Samaritans of the crypto space. It’s like watching a crypto zombie resurrecting in The Walking Dead but with a wallet 💰
BREAKING NEWS! The fallen giant FTX is about to make its best move in UNO reverse card style. Remember when SBF did an epic rugpull that even Thanos with the infinity stones couldn’t? Well, now comes the plot twist...
🗓️ On January 3rd (happy birthday Bitcoin, by the way!) the "Give back the money" season kicks off starring BitGo and Kraken as the good Samaritans of the crypto space. It’s like watching a crypto zombie resurrecting in The Walking Dead but with a wallet 💰