Topic: Crypto Currency Reserves are Centralizing and are at Risk (Read 271 times)
A Solution to: Crypto Currency Reserves are Centralizing and are at Risk
https://medium.com/@DanielDabek/a-solution-to-crypto-currency-reserves-are-centralizing-and-are-at-risk-d1c7371ca580#.taim58ofc
This discussion was sparked by a recent post in the Safe Exchange forum when a user had inquired how they could store their Safe Exchange Coins (SAFEX) offline. The following text regards something that many long time users of crypto currency already know about. And if you are reading this and don’t know about the centralization of crypto currencies in exchanges then read on.
Today more and more crypto currencies are shoring up in the wallets of centrally operated exchanges. This is a huge issue that is not being addressed and it is about time to read on and understand why you should not actively store your crypto currencies in the coffers of exchanges beyond the duration of your exchanging needs. This is by no means an article against the services of centralized exchanges. This is an article to raise awareness of users so that they can minimize their risk to loss while using the good services of centralized providers.
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