How are you guys?
The latest stop on Elon Musk's eternal, multi-billion dollar quest For confirmationWorld's Richest Man Attempts to Clash with Twitter and Bloc Co-Founder Jack Dorsey This week on the importance of self-promotion for crypto assets.
“As they say, your wallet is not your keys,” Musk wrote in response to Dorsey. Bitkey announcementA new self-sustaining Bitcoin wallet from Block.
That is not what they say.
For years, crypto-holding privacy and decentralization advocates have expressed concern that central actors are controlling the digital assets industry with a single mantra. Not your keys, not your coins.
The analogy makes sense: If someone doesn't privately hold the keys to their own crypto wallets, but instead trusts a third party to manage those funds, they argue that person can't claim to control their own coins.
Countless failures by third parties in crypto to protect users' assets—notably, and most recently, the criminal activity against FTX in which the exchange infiltrated customer deposits. He killed illegal activities-You have reinforced the belief among crypto natives that self-management of assets is the only valid way to own crypto.
Many crypto advocates just don't know the term; They live by it. Musk, who has played the role of an owl for a long time Crypto EnthusiasticHe clearly does not know the phrase.
Twitter users immediately jumped on the blunder, reveling in Musk's latest gaffe.
“You know what they're saying,” Bitcoin enthusiast and co-founder of Taproot Wizards Udi Wertheimer They replied. “Bite them, if they can't, buy them.”
Just last week, Musk unwittingly found himself at the center of another crypto news cycle, as public outrage erupted—the billionaire is repeatedly admonishing advertisers who quit Twitter after an anti-Semitic post that read, “Go away.”It inspired a meme coin With a staggering market capitalization of $7.28 million. It is predictable. It went to zero.
Edited by Andrew Hayward.
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