Proof of Keys Day - January 3rd
Learn more here: https://www.thedecentral.com/2018/12/...
A grass roots movement is sweeping through the crypto community that aims to force crypto currency exchanges to show users they have 'proof of keys' for all the digital assets being traded on their respective platforms.
Calls are being made to remove all crypto assets from exchanges on January 3rd 2019. The 10 year anniversary of the BTC genesis block being mined.
In a sense, the plan is something of a run on the bank, however unlike the legacy banking system whom we all know does not have the cash in the branch to match depositors balances, crypto exchanges should be able to account for every microbit of its users assets.
Is everyone going to withdraw their crypto from the exchange? That means prices should skyrocket, as there wouldn't be much stocks left anymore!
It probably wouldn't do that since traders are aware the crypto will be deposited again the next day.
Lower liquidity might mean larger spikes for the day though.
sounds cool