Bitcoin Lacks the Shock Absorbers. Despite Bitcoin making big moves, some of the top political figures are criticizing the very essence of Bitcoin.One such personality is a Greek politician and former Finance minister, Yanis Varouakis. He recently responded to the open letter sent to him by Bitcoin socialist Ben Arc. Yanis Varoufakis was Greece’s finance minister during the Greek economic crisis. In 2012, he explored utilizing a blockchain-based system to help manage some of the crisis. Varoufakis has spoken critically about bitcoin publicly on many occasions, he understands the power of bitcoin but feels its economics is dangerous. On Bitcoin exchanges like Binance, BitMEX or hosted Bitcoin wallets such as Coinbase or CEX? If that’s your answer, then you are putting the ownership of your bitcoins under serious risk!! These services keep your Bitcoin private keys under their custody on your behalf. This is not a safe practice, as your Bitcoin private key is the only way to claim your bitcoins. If you don’t know ... Binance Singapore has purportedly abruptly suspended a Bitcoin withdrawal from a trader using a wallet with a coin-mixing service, a harsh reminder that large exchanges aren’t the best place to hold coins if one values anonymity and accessibility. I hope we can make a deal with the EU,” he said on Reddit, admitting he never liked Greece’s former finance minister Yanis Varoufakis. According to Houtas, the interest of Greek citizens on Bitcoin is real. “Over the last few days, a lot of people asked me about Bitcoin. Video: How to Create a Multisig Wallet With Caravan By Unchained Capital Introducing Hashrate Index, An Online Tool For Bitcoin Mining Transparency Op-Ed: An Open Letter to Yanis Varoufakis About Bitcoin
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