Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Zed0X on February 10, 2021, 05:04:49 PM
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Learn from Elon's experience with wallets. Remember this "Not Your Keys, Not Your Coin" (https://www.altcoinstalks.com/index.php?topic=179762.msg983730#msg983730)
Here's the story:
1. Word blocked because repetitive posts locked (https://twitter.com/Word blocked because repetitive postsorg/status/1359401944855547905) a wallet that apparently belongs to Elon.
2. EM asked (https://twitter.com/elonmusk/status/1359409599972007936) his wallet to be unlocked
3. FW immediately fixed (https://twitter.com/elonmusk/status/1359409599972007936) the issue
(https://i.ibb.co/RvBHvjV/Untitled.png)
In an attempt to save face, FW tweeted (https://twitter.com/Word blocked because repetitive postsorg/status/1358701679575769090) to Elon. He replied with "Your app sucks (https://twitter.com/elonmusk/status/1359390452772966404)"
(https://i.ibb.co/QdrgHsf/Untitled.png)
In addition, Elon also made a tweet (https://twitter.com/elonmusk/status/1359400199521783809) implying wallets like FW should be avoided at all cost.
(https://i.ibb.co/LYcqx9s/Untitled.png)
^ Much respect for what he did here.
Disclaimer: posted a similar topi in another forum
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Indeed. Not Your Keys, Not Your Coins.
No sovereignty over your property nor assets stored in FW.
FW should be avoided in all cost. However, I'm thinking weird now if the reason of wallet sucked was the wallet cannot contain Elon assets. It could possibly mean that the wallet capacity reached.
In addition, Elon is an example that everyone is vulnerable even he's a superstar and whale.
Good topic.
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~ However, I'm thinking weird now if the reason of wallet sucked was the wallet cannot contain Elon assets. It could possibly mean that the wallet capacity reached.
It doesn't work that way. It sucks because they can freeze your assets within the wallet whenever they want to. Their so called security system was probably triggered when Elon deposited huge amounts of coin and immediately locked it. It was most likely designed that any amount exceeding this or that is an auto lock. They will ask for KYC before they release it similar to a centralized exchange.