How fucking surprising...Good news is that he's brought this to light...CBDC = CONTROL...
That's why if you have any Crypto you need to hold it in Cold Storage...
Cold storage can protect your digital assets by taking them offline and harboring your crypto in a digital wallet. Since these digital wallets aren't connected to the internet, they're less susceptible to hacks...
Bruh, you really do not understand the concept of cold storage.
The coins are on the blockchain. They are fully visible at all times. A cold wallet takes your private keys offline. That's it. They are no magic privacy solutions.
For privacy, people need to implement things like xpub or use privacy coins.
Monero is a privacy coin like I mentioned, right, but it's the same thing when it comes to cold storage. Cold storage keeps you from accidentally exposing your stash to Rajiv in Pakistan who wants to drain it. But the coins are on the blockchain, not "in" the wallet.
Its important to note that some crypto tokens also have this freeze function on them. For example USDT can freeze your funds. I think USDC does too, the source code can be viewed on etherscan
How fucking surprising...Good news is that he's brought this to light...CBDC = CONTROL... That's why if you have any Crypto you need to hold it in Cold Storage... Cold storage can protect your digital assets by taking them offline and harboring your crypto in a digital wallet. Since these digital wallets aren't connected to the internet, they're less susceptible to hacks...
Bruh, you really do not understand the concept of cold storage.
The coins are on the blockchain. They are fully visible at all times. A cold wallet takes your private keys offline. That's it. They are no magic privacy solutions.
For privacy, people need to implement things like xpub or use privacy coins.
Monero
Monero is a privacy coin like I mentioned, right, but it's the same thing when it comes to cold storage. Cold storage keeps you from accidentally exposing your stash to Rajiv in Pakistan who wants to drain it. But the coins are on the blockchain, not "in" the wallet.
Ty for your input but I understand fully...I ONLY keep privacy coins.
Its important to note that some crypto tokens also have this freeze function on them. For example USDT can freeze your funds. I think USDC does too, the source code can be viewed on etherscan
For sure...I try to stay away from 'stable coins' unless i sell to buy another coin...
A cold wallet doesn’t remove anything from the blockchain…