There's only one commandment... If you don't exclusively own the private keys, you don't own the Bitcoins!
Cash in your wallet = you own it.
Cash in a bank = you loaned it to the bank (you're a creditor)
Gold in your safe = you own it.
Gold in the bank's safe = you loaned it to the bank (you're a creditor)
Bitcoin in a local wallet only you have the private keys to = you own it.
Bitcoin in an online wallet of a third party site = you loaned it to the third party (you're a creditor)
Topic: To avoid getting goxed follow some of my commandments (Read 475 times)
Thou shalt not leave more coins or fiat up on an exchange than thou is willing to lose.
After completing trades, thou shalt remove all coins from the exchange.
If the coins cannot be withdrawn thou shalt not send any more coins up to the exchange. Until at which time said coins can be withdrawn. The problem thou is having will be shared on forums all over the web until at which time the coins are returned.
If an exchange offers thou a lower than normal price for buying coins that cannot be withdrawn at this time. Turn your back and run. Lest thou be turned into a pillar of salt and lose more than thou already has.
If an offer of interest is made on coins held on an exchange. Remove all coins immediately. They are either insolvent or are trying to get as many coins as possible before they claim a hack. Deceiving thou and others and are planning to pillage as much wealth as possible.
After completing trades, thou shalt remove all coins from the exchange.
If the coins cannot be withdrawn thou shalt not send any more coins up to the exchange. Until at which time said coins can be withdrawn. The problem thou is having will be shared on forums all over the web until at which time the coins are returned.
If an exchange offers thou a lower than normal price for buying coins that cannot be withdrawn at this time. Turn your back and run. Lest thou be turned into a pillar of salt and lose more than thou already has.
If an offer of interest is made on coins held on an exchange. Remove all coins immediately. They are either insolvent or are trying to get as many coins as possible before they claim a hack. Deceiving thou and others and are planning to pillage as much wealth as possible.
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