Plunging Consumer Sentiment is Proof Shutdown Will Wipe Out Dow’s Gains

New data reveals consumer confidence has plunged to its lowest level in two years. Historic data suggests the US stock market ignores government shutdowns. However, none have continued for so long, and falling consumer sentiment is a key indicator of an economic downturn. Ongoing Government Shutdown Will Affect the US Stock Market Consumer sentiment is … Continued

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The Monetary Sovereignty War-cry: Proof of Keys – [Jan/3➞₿🔑∎]

TO All Soldiers for Monetary Sovereignty:

Every January 3rd the Bitcoin community participates in a Proof of Keys celebration by demanding and taking possession of all bitcoins and other cryptocurrency held by trusted third parties on their behalf. You can do this by withdrawing all Bitcoin and other cryptocurrency to wallets where you hold the private keys and perform network consensus for validation.

On 9 Dec 2018 Trace Mayer introduced the annual Proof of Keys celebration.

This cultural tradition enables you, the individual, to prove your monetary sovereignty and strengthen the Bitcoin network by using a full-node for an economically substantive transaction(s). Together, on this day, all of us get to celebrate our monetary independence from trusted third parties (which are security holes!). And we strengthen the decentralization of the Bitcoin network in the process!

This is a way for you to invest in yourself. There are a lot of people who want to keep you weak, dependent and enervated when it comes to your monetary sovereignty. You must take the personal responsibility and summon the desire to take action to declare your monetary independence and prove to yourself that you, and no-one else, hold the private keys to your own money.

There has been much discussion on Reddit, Twitter and Youtube for those who need help with how to do this safely and securely. And those who were trained this year can become teachers next year. Even though we may be ensconced in our cold storage; we must never forget the new user and leave them behind and stranded on the battlefield of control over their money.

Some helpful interviews about Proof of Keys include Crypt0 News, Crypto Cast Network, Let's Talk Bitcoin – With Andreas Antonopolous and What Bitcoin Did. Some helpful discussion includes storing bitcoins , Bitcoin's Security Model and Bitcoin Miners and Invalid Blocks.

Perhaps most important is how this tradition helps educate, teach and train new users of Bitcoin. The effect on yourself is much more important than that on third parties or the Bitcoin network.

Hopefully, everything will go smoothly and there will be no losses of funds, no shady behaviors or delays by exchanges or other third-parties and no significant Bitcoin network congestion. But even if there is, those are very minor costs to pay in the battle for monetary sovereignty.

And if you already keep your bitcoins safely in cold storage and still want to join the community and participate then consider skipping a meal and instead buying $ 20+ worth of bitcoins and moving them into cold storage. Take more scarce territory on the Bitcoin blockchain!

After all, having Proof of Keys is much better than 'Proof of Roger', MtGox, Silk Road), Bitfinex, Bitstamp, or some other possibly untrustworthy third party!

There have even been some articles about third parties halting withdrawals in preparation like HitBTC.

This video of Roger Ver was recorded on July 14, 2013 at the MTGOX headquarters. MtGox declared bankruptcy Feb 2014 announcing 850,000 bitcoins belonging to customers were missing.

In conclusion, this magic Internet money thing is about a lot more than just making money. The battle over our monetary sovereignty is now a personal fight by each of us. We have rallied around the banner of Bitcoin because (1) it is the soundest and hardest money that is strictly limited in amount that the world has ever known and (2) it is a censorship-resistant decentralized network. But to maintain those properties requires eternal vigilance and protection by those who yearn for those protections.

Thus, this battle over monetary sovereignty has only two possible outcomes: either (1) control of their own lives by the people themselves the world over or (2) control of the people and their lives by political and economic elitists.

So, fellow soldiers on the battlefield of monetary sovereignty, every January Third join me in a Proof of Keys!

Sincerely,

Trace Mayer

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Bitcoin – The Currency of the Internet