Cryptocurrency

“The Ultimate Stress Test” to be Preformed on Genesis Block Day

CryptoChats - Proof of keys

January 3rd 2019 marks the 10th anniversary of Bitcoin’s genesis block, and a celebration is in order.

Bitcoin was founded by Satoshi with the vision to give the people of the world power over their finances. To rid ourselves of governing central authorities who tell us what we can and cannot do with our money.

For ten years on January 3rd people have had the ability to take their finances into their own hands, to leave behind the banking world we’ve all known our whole lives. What better way to celebrate our financial freedom from the banks of yesteryear than by performing a global crypto bank run?

While a traditional bank run cannot be performed with cryptocurrency as there is no physical bank to run too, Trace Mayer has come up with the perfect solution he calls ‘Proof of Keys’.

Proof of Keys

The goal behind the Proof of Keys celebration is to ensure users that their digital assets are secure and under their control using their private keys. Mayer has gone as far as to call the event the ‘ultimate stress test’ for companies and exchanges who supposedly hold peoples digital assets, and ‘inititation’ for all real hodlers who want to call themselves ‘elite’.

On January 3rd Mayer implores for all hodlers to momentarily remove their digital assets from any and all third parties who hold their private keys on their behalf. This includes exchanges and custodial wallets.

By withdrawing all funds from third parties it will show if these third parties do hold all of the digital assets they say they possess, hence the equivalent of a bank run. If they do not, this annual celebration could mean big trouble for third party providers. By withdrawing your digital assets, you will be asserting your possession over your holdings… that’s of course if you do have possession.

“By demanding and taking possession of their assets, individuals will learn real fast with blockchain proof whether they are part of the elite HODLers or not. Proof of Keys is the annual HODLer initiation.”

“You can consider Proof of Keys a combat readiness drill. Hopefully, it will help prevent further annoying skirmishes with those who despise individuals empowered with monetary sovereignty.

  • HODLers risk nothing.
  • HODLers do not trust.
  • HODLers verify.
  • HODLers are in control and can prove it on the blockchain.

You think you own bitcoins?

Then join the HODLers of Last Resort and PROVE IT!

Remember, remember the 3rd of January! Please help spread the word.

Then on the 4th of January there can be a return to business as usual with renewed confidence based on proof of keys.”

Related posts

The Demise Of Google’s Prohibition in the US and Japan

CryptoRow

Opening Up a World of Trading Automation to Everyone

Editorial Team

Texas USA: Arise Bank CEO Faces 120 Years in Prison for an ICO Scam

CryptoRow

Leave a Comment

Login

X

Register