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RE: Coinbase Trying to Prevent Dumpings!

in #bitcoin7 years ago

I just dumped my Bitcoin from Coinbase as it is an exchange and isn't secure as we approach the possibility of a hard fork Aug. 1st. I moved it to my CoPay wallet but upon further research I have discovered that CoPay isn't secure to be holding your Bitcoin either at this time. CoPay hasn't confirmed how it will be handling the upcoming Bip148, which is not a good sign for people using their wallet. Many people are converting to USD as there is high uncertainty about how things will play out for Bitcoin. If you want to keep your Bitcoin safe you need to hold the private keys AND be able to validate them yourself. From my research neither Coinbase or Copay are secure in the coming weeks. I've decided to put all of my Bitcoin into Steem at this time. I think it's a great option if you want to stay in crypto but want to get out of Bitcoin right now. Steemit is an interesting and growing crypto platform and I feel confident about this decision as I feel it is an investment in myself and the community. Good-luck to everyone during this transition and thanks @xepicx for this post, I'm sure lots of people are dealing with this right now!

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