[micromacrofoot]

so instead we have “not banks” that are less accountable?

[maxwell86]

bitcoin has no banks, period.

[micromacrofoot]

right, most people keep their crypto in exchanges which are definitely not just worse banks

[ur-whale]

> most people keep their crypto in exchanges

Do they?

What is your evidence for this?

Also, if we assume they do, well ... their BTC is now potentially subject to seizure, hacking, fees, bankrupt exchanges ... well, their choice.

Darwinism at work as far as I'm concerned.

Not you keys, not your coins.

[randomhodler84]

Most people don’t. In fact there are only 1.3M BTC left in exchanges today out of 18.9M BTC that exist.

There is about 250k BTC on ETH as WBTC, the largest secondary pool in escrow. Ren has about 18K BTC in escrow. Lightning network is about 3k BTC.

[micromacrofoot]

measuring all bitcoin in existence is a bit misleading because a significant 95% is locked up with 2% of accounts… which is the point of OP

[maxwell86]

My dog is closer to a bank than an exchange is.

[micromacrofoot]

your dog might also be more reliable

[jonathan-adly]

source: trust me bro!

Bitcoin maxis literally go insane telling people to take their coins off exchanges. It's part of the dogma.