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103 sats \ 5 replies \ @megaptera 18 Aug \ parent \ on: Locked 1 BTC until 2030 bitcoin
Like ftx, celsius and the like? Be careful what you do with your coins.
FTX was an exchange made by a shitcoiner, for shitcoiners. Piggy is Bitcoin only, and I like its vision, plus it’s actually cute.
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Why not just hold your own bitcoin yourself? Then you can decide if, or when you can access it or spend it? Why trust some sketchy service frankly none of the other stackers have even heard of?
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Before calling it sketchy, check the tech. Piggy runs multisig cold storage, proof of reserves with Merkle trees, passkeys, all top grade. It just launched, give it some time to breathe, you’ll end up with a piggy for yourself, I promise :) 🐷
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None of these things are as secure as self-custody.
Chances of getting the ₿1 stolen are actually deceptively high. Good luck OP.
It seems like you don't have an engineering background because you mention "security" feature that are actually not secure for storing something as vital as bitcoin, e.g. passkeys.
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