Crypto Private Key Control
Discussions center on the 'not your keys, not your coins' principle in Bitcoin and cryptocurrency, emphasizing self-custody through personal or hardware wallets over exchanges, and risks of losing or trusting third-party key management.
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Because he's lost the keys - without the private keys, how will anyone access the funds?
Funds in BTC can't be kept 'offline', if you know the private key you can spend the coins.
this assumes trusting a 3rd party wallet to not generate weak keys or backdoors, as has happened many times alreadyif you're concerned about security just use the official client
Is this a case of 'not your keys, not your crypto'?
Yes. Put them in a offline wallet. Anything that is not on your machine is not yours.
"Not your keys, not your crypto" -- but only in the minds of "crypto-enthousiasts" that's a feature rather than a bug
They don't hold your unencrypted private keys.
isn't it exclusively inhabited by bitcoiners? and relies on never leaking your private key, with no recourse for key rotation? or am I out of date
(Are/Why aren't) encrypted wallet keys written to & referenced from the blockchain itself?
blockchain != exchanges holding your private keys