Some reasons to consider not using centralised exchanges to accumulate your Bitcoin.
You handover your details on the following:
- Government ID
- Residential address
- Email
- Phone number
- Employment info or, Source of Funds
- IP address
- OS type and version
- Browser type, version and language
- Monitor/display size and resolution
- Bitcoin addresses you withdraw to
- Bitcoin addresses you deposit from
- All your onchain movements are traced by default
- A detailed history of all your transactions (including fiat) is kept in perpetuity and available to any government agency that requests it
Tru3_N0rth / True North
npub1k9…q266c
2024-01-28 01:17:18
Author Public Key
npub1k9ty98sv6vmwevx2d70r45apy3k32efsdaswa6ehkyycee2dqvfsyq266cPublished at
2024-01-28 01:17:18Event JSON
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"pubkey": "b156429e0cd336ecb0ca6f9e3ad3a1246d1565306f60eeeb37b1098ce54d0313",
"created_at": 1706401038,
"kind": 1,
"tags": [],
"content": "Some reasons to consider not using centralised exchanges to accumulate your Bitcoin.\n\nYou handover your details on the following:\n- Government ID\n- Residential address\n- Email\n- Phone number\n- Employment info or, Source of Funds\n- IP address\n- OS type and version\n- Browser type, version and language\n- Monitor/display size and resolution\n- Bitcoin addresses you withdraw to\n- Bitcoin addresses you deposit from\n- All your onchain movements are traced by default\n- A detailed history of all your transactions (including fiat) is kept in perpetuity and available to any government agency that requests it\n",
"sig": "88def307dfb2abff73adffae8fdaea51008e32bc3612cf8847365a9469b39ba973b73a1f9a906e3d2187b769eff8a7d93395ce4c4d096788d79e8c6aaf9f139e"
}