Topic: Not Your Keys Not your Coins Banner Needed Everywhere? (Read 737 times)

Well, the popular saying isn't exactly beginner friendly either. We have to remember that we will have new users that aren't familiar with what a key is. Some might argue they should know that, but Bitcoin has now started to leak into the non technical user area, and people will generally learn as they go, rather than researching it before. Since, we're pretty much in the fear of missing out era, and people go in blind just in case they get lucky.

I said it before, but we've got to be as clear, and concise as possible without mentioning too much jargon, even if it's the most basic things as a key.

If theymos had used that slogan it maybe could have been perceived as an endorsement of that particular website therefore maybe he decided to use something else. I would prefer your approach of mentioning exchanges too as it might be more effective but at least some sort of message is being put out there as a warning and that is a good thing.

I am actually glad theymos didn't use the standard slogan we keep hearing all over the place. Those who know what it means, are already not keeping coins with custodians. Those that don't, either don't care or are thinking it's (hopefully) not going to happen to me. Displaying it all over the place will probably not change things too much.

"Don't keep your money in online accounts" is OK, but If I could pick a message, I would be more specific and say: Don't keep your money on cryptocurrency exchanges. The same can be said for any other centralized services (like casinos), but it's the exchanges that cause most of the problems. 

I don't know if someone mentioned this to you already, but all the text in your signature isn't fully visible on the forum. I can only see the top of "1) be like JJG just DCA". It's just enough for me to copy the text and paste it somewhere, but I can't read what it says from your signature space.

True, sort of.  I used to think Bitcoin Core was just as safe as any other Wallet or Exchange although I was already educating myself about Bitcoin.  Did not even know what custodial and non custodial Wallets meant.  I only found out about safety of Decentralized, Open Source wallets much later.  So while I get it and there are a ton of stubborn people, there are also those who truly do not know it is unsafe for funds to sit in an Exchange or Custodial Wallet and need a message that pops up in their eyes to be woken up to reality.

Call me a psychopath, I honestly want this.

-
Regards,
PrivacyG

No, it's not needed everywhere, and it's started becoming a little annoying to open up Twitter and see at least one tweet that emphasizes it. We get it. Stupid / irresponsible people aren't going to understand it either way.

Do you seriously want to see newbies complaining about their exchange's bankruptcy with an ironic "not your keys, not your coins" followed? 

Yeah I was lucky 45% of my funds were on coinbase.

The rest 55% is on core wallet and trezor.

Now it is more like 6% of my funds are on coinbase. the rest on trezor and core  wallet.

I have to have some funds on coinbase for business. But not 45% of them.

Sometimes people have to take the L to learn their lesson. No matter how many times the banner gets shown even as a popup, there are those that can't resist the APR or free money by parking their funds at a website they deem "safe".

I was one of those people. The motto never etched in my mindset until that one incident that hit me like a truck, albeit I didn't deposit my entire BTC there. Now my BTC goes straight into the Ledger.

When the OP started this thread on 12 November, at that time there was no reminder/news which appeared on the home page of this forum.
Later on November 15th we saw this News Reminder: do not keep your money in online accounts on the main page.
Adding a signature can be a good idea too as the members who aren't wearing any campaign signatures can volunteer to wear those "Not your keys, not your coins" signatures.

The forum admin already added the reminder. So, what are you suggesting regarding the signature might not be needed now. Overdoing this or displaying this everywhere might affect user experience. The focus should be on conveying the message to those who are keeping lot of funds in their exchange so that they can move it from their to hardware wallets. This will ensure safety of their funds and thus proper growth of crypto community also.

I earlier said that this will have no impact but looks like the mods think otherwise. Nice to see that the voice of a normal member is also heard on this forum and necessary changes are made based on the suggestions being made.

What if, at least temporarily, the default signature on the forum was set to show a 'Not Your Keys, Not Your Coins' informational and educational banner?  It sounds to me like a great way to advertise this behavior and gain the most attention.  Especially for Newbies who may be confused as to why their posts have a signature they never chose to have.  Maybe that is a better incentive to educate themselves about the problem.

Or is it possible to show this banner under every post submitted by users who do not currently have a signature?  The signature changes if the user sets anything other than nothing.  If an user clears their signature text, it goes back to advertising Not Your Keys, Not Your Coins.

-
Regards,
PrivacyG

Got an improved signature with theymos link. took me time to design and code something simple but I hope good.

This is a welcome addition to what the OP requested, but merely checking the box indicating that one has read the forum rules does not guarantee that one has actually done so. They can be in a haste or a hurry to get right into the forum's main activity without fully comprehending the rules. This is similar to fast searching for information online and being asked to select a box to proceed; one will quickly check the box without carefully reading what it actually means until they later find a mistake or some restrictions that they didn't expect to see.

Since a beginner cannot learn it from the very beginning, it is still likely that they will become a victim of this while they are still learning. The forum can only provide a disclaimer regarding it; nonetheless, the forum lacks the ability to control it completely in order to prevent people from engaging in such action.


Good concept, but not every forum user wears a campaign signature. Even if they have the necessary qualifications to join a campaign, some people are only here to learn and share knowledge. I simply hope they can display it without asking them for it. However, it is still reasonable for individuals who wear campaign adverts to showcase it. The finest idea so far is to have it shown in several parts throughout the forum.

You keep that warning message but that will have no impact. People will do anyway what they are already doing.

Do you think people are unaware about the incidences related to exchange issues where people lost their coins and hard earned money? They are already aware of all this yet they choose to ignore and live without giving any tension of what will happen in future. Most of the people are lazy with finances and looking for shortcuts. They buy some random coin on their crypto exchange and hope for it to become 100 times in some time. They do not care about safety of the coins, they just leave it on the exchange as they are lazy.

And that's the best part that now we have new announcement for the members which they can see and go through brief post on how they can avoid losing funds by keeping them on exchange.

As you see @theymos was keeping an eye on the discussion and also said in his recent post that recent meltdown of FTX also make him realise the importance of guiding members towards it.

Here we go with theymos' important reminder

Reminder: do not keep your money in online accounts.

The admin watched our discussions and accept to make the important reminder for community.

[General] Bitcoin Wallets - Which, what, why? is another topic about Bitcoin wallet.

USE a few wallets like the core or a trezor

Just in addition to this, I will like to bring up a suggestion that if we can maintain this kind of information display only to the low ranking members which starts from newbie rank to member rank since they are the ones most likely the target for this initiative and as we all know that newbies as well are the ones mostly coming up with questions or issues related to hack or been scammed, i think a full member rank upwards should have build a credible resource enough to understand the difference with not your keys not your coins within thier stay on the forum.

Agree on this part that there can be an warning or say more of advice to the members through these banners on the important announcement section or as a pop up when you login on the forum explaining them the potential damage of holding your funds over these exchanges that can help them through understanding that if they are not in possession of their keys they don't have control over the funds.

But there's already a suggestion @theymos here    in which he has said about a thread in Important announcement section which would be cool to have but rest will be dependent on people as if they are interested in it or still prefer the old way of losing funds.

The risk of holding your coins over these exchanges is well known moreover you have to go through KYC norms also exposing your personal information to them which is later on sold on dark web so ending up your privacy as well so why are we still using up them to hold our coins with their custody?

I think I said this few days back, warnings should be given to those making use of Binance, Do they also think they are not part of all this drama? Not now but soonest. I've seen people using the exchange making mockery of others immediately after the FTX setback.
It can also be included in your personal text, clearly bolded for anyone to see.
I don't blame people, it is just that they are lazy or they find studying wallet's as studying science?
It will be better they remove those coin's now, to avoid naggings worse than a midwife when it finally happens

It is simple and neat.

Where is a safe place to hold BTC?

Not exchanges
Not DeFi platforms

I learn to get non custodial to use for newbies from https://bitcoin.org/en/choose-your-wallet?step=5&platform=windows&user=beginner&important=control,fees&features=bech32

I choose Segwit address type (Bech32) in Feature, Control and Fee in Criteria; and User type as New.

I learn to DCA from https://dcabtc.com/