Quote from: o_e_l_e_o on April 12, 2022, 07:55:58 AM

One of the problems with this is that people hold the same mindset as they hold when it comes to centralized exchanges: "Well, it would never happen to me".

This is the same everywhere and people roam around casually once looking at the matter from the above just to put some of their involvement without even going into deep and taking the matter seriously.Not only with privacy or keeping your funds safety we find this attitude and mindset of people in most of the cases which lead to problems for them.Thinking that it will never happen with me is not a way to approach these issues as we all have the same chance of hitting with the same problems.

Quote from: o_e_l_e_o on April 12, 2022, 07:55:58 AM

With centralized exchanges, despite literally thousands of warnings from users who have had their money go missing, had their coins confiscated, or had their accounts locked or terminated, people continue to leave large amounts of money on these exchanges, thinking "Well, I've never had any problems so I'll be fine to continue doing this". When their account is locked, they are obviously too late to do anything about it.

With coinbase privacy issues and Binance hacks people still lack the awareness and have their funds on these exchange who are easily prone to hacks as they already are in possession of your keys so what safety do you expect next? Many customers have shared their negatives reviews and how they lost the funds but your statement that "i am safe" is the reason behind they becoming the next soft targets.

Quote from: o_e_l_e_o on April 12, 2022, 07:55:58 AM

When it comes to governments censoring certain citizens or certain viewpoints, many people think either "Well, it would never happen in my country" or "Well, it would never happen to me". Here's the thing though. It almost certainly already is happening in your country, but it's just people you don't agree with being censored so you don't notice or care. Are you certain that your government will always treat your fairly? What about all future governments? You really can't imagine any circumstance in which your government might not like something you have to say? As we've seen throughout history, by the time they've silenced all the outspoken critics and start coming for the average citizens, then it is far too late to do anything.

Government will never allow citizens to slip out of their control and they will take every step to restrict them and have them restricted and the best way is to put restrictions on these exchange like the recent Coinbase by the Canada government.If you withdraw $1000 CAD or transfer it you will have to disclose the recipient details above the normal one which puts barrier to privacy and end up disclosing your personal information to them so they can put limits to you whenever they want so what's the benefit of holding funds over these exchanges?

Slowly the more government will regulate bitcoin but will also take steps to track you down so don't think your government is so crypto friendly attitude and you are safe over the counter and take all the security steps you can if you want privacy and true decentralised control over your funds.