0 sats \ 2 replies \ @ChrisS 5 Aug \ parent \ on: Returning to the Bitcoin Community After a Long Journey bitcoin_beginners
When did you realize that bitcoin was the solution to counterparty risks and stop blaming bitcoin for what happened with mt gox? And what was it that helped you eventually reach this conclusion?
In 2015, I worked for a bank until 2017 . I realized how fragile it was. People in the banking industry can know so much about you, and your information actually for sale. And not mentioned the normalized/institutionalized scams and frauds happening....
That is when I started to look at bitcoin again, and I left it there. Self custody this time.
Last year, I checked my Multibit Wallet, downloaded the blockchain, and my btc still there, all safe and sound. So I started catching up again. Installed electrum, moved my btc to the new wallet.
And this year when I got my Mt. Gox balance back, I bought a cold storage device and moved 80% of my btc there. I use the 20% as my learning fund, some sats went to LN so I can sign up here and bought my first post.
Tried some DeFi, using Wrapped BTC and Avee, but it's all complicated, so I'm just gonna hold and DCA for now.