Home Finance News Alex Mashinsky of Celsius Network (CEL) on Lessons from Crypto

Alex Mashinsky of Celsius Network (CEL) on Lessons from Crypto

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Alex Mashinsky retweeted the question, what is the biggest lesson you have learned from crypto?

Community response: That’s the whole vision of Satoshi. You become your own banker. Great power = Great responsibility.

HODL always wins.  Not your key, not your coin. You should sell when you start feeling rich.  Do your research. Do it well. Patience.  When you buy the dip, keep spare money for when it dips further the next day, then again repeat.

Not your keys, not your crypto, does not matter how much you believe that the Platform, exchange, founder, etc., have good intentions. Giving someone full control over your funds is the exact opposite of why crypto was invented.

Lose your keys, not your crypto either. You can’t have both mass adoption and maxi ideology at the same time.

It is not maxi ideology; it’s common sense supported by many examples of people getting rekt (hacks, theft, etc.) It’s great you believe it will be fine, but history provides evidence that the chance it will go bad is high. So it’s your hopes vs. reality and facts as it happened. Don’t get me wrong, I respect Alex and his work, but that does not change the fact that hacks, theft, metal breakdowns, etc. happen, and if you turn a blind eye and decide to ignore the safety of your funds just cause you like the project/founder that’s sheer stupidity IMHO.

However, the fact is, we are conveniently diminishing the reality that most people can’t handle their keys safely.

Alex Mashinsky on App Promotion:  You use VOIP for free? Now, you can use MOIP for free as well. Don’t know what it is? Visit Celsius Network and learn all about it.  Never pay a fee or be taken advantage of, just like VOIP.  We will give you $50 to try this out.

Voice over Internet Protocol (VoIP) is a technology that allows you to make voice calls using a broadband Internet connection. Calls get delivered over the internet rather than the traditional legacy technology of the Public Switched Telephone Network (PSTN) or Integrated Services Digital Network (ISDN).

MoIP, or mobile communications over internet protocol, is the mobilization of peer-to-peer communications, including chat and talk using internet protocol.  MoIP allows legacy dial-up data modems to work with modern VoIP communications infrastructure. Also, MoIP is an expression used to describe the transport of various types of media as a payload of an IP datagram.

On visiting the app page, it states:  Start your journey towards financial freedom with $50 in BTC.  Download the app.  Verify your account.  Enter promo code HODL50.  Free $50 of BTC with your first transfer of $400 or more in crypto, and HODL for 30 days.

Those who are willing to avail of this offer will do well to go through the Celsius General Promo Terms and Conditions.

Essential to note Celsius may amend or update any part of the Promo Term at any time, by publishing an updated version thereof on the Platform, and such amendment or update shall be effective immediately upon its publication.

 

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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