At 26:10, Connor interprets the expression "not your keys not your coins" incorrectly. It doesn't mean (and no one thinks it means) that if someone steals your bitcoin private keys, that the thief legitimately owns the coins. No, that's still theft, which can be prosecuted like any other theft (using police and courts). The expression means that if you don't hold your keys, it's *easier* to steal from you. For example, the exchange that holds your keys could get hacked, or they themselves may steal from you (like FTX), or the government could shut them down, etc. Legally, you still own that bitcoin but good luck trying to get it back. That's what "not your keys not your coins" means. And it's very good advice!
❤🎉
At 26:10, Connor interprets the expression "not your keys not your coins" incorrectly. It doesn't mean (and no one thinks it means) that if someone steals your bitcoin private keys, that the thief legitimately owns the coins. No, that's still theft, which can be prosecuted like any other theft (using police and courts).
The expression means that if you don't hold your keys, it's *easier* to steal from you. For example, the exchange that holds your keys could get hacked, or they themselves may steal from you (like FTX), or the government could shut them down, etc. Legally, you still own that bitcoin but good luck trying to get it back.
That's what "not your keys not your coins" means. And it's very good advice!
Please could you help me as I believe I hold the satoshi wallet 1 million bitcoins
Hi I'm satoshi