Today, like every January 3rd since 2018, is Proof-of-Keys Day. In celebration of the first Bitcoin block being mined, we are all invited to withdraw our Bitcoin – and any crypto - from centralized platforms where we hold it - usually these are centralized exchanges, such as Binance, Coinbase, Bitfinex, Kraken, etc.

The purpose of this initiative is not only to remind us that financial sovereignty requires our complete control over our assets, it is also to test those centralized companies, to see to what extent they really own all the Bitcoin they claim to have in their wallets - several CEX's have behaved just like banks: implementing the fractional reserve mechanism, they lend or move a portion of their customers' cryptos, thinking they will never have to pay it all back in a very short time lapse.

#proofofkeysday #bitcoin #selfsovereignty #DEX

Image source: multisigsigner.com