Post
Topic
Board Beginners & Help
Re: Know your right
by
Makus
on 05/10/2025, 21:20:33 UTC
Know your right as a crypto investor.

Knowing your right in cryptocurrency starts by you having a better understanding of how most of the networks operates, the security tips needed, the coins to invest, the wallet to use and the strategies and risk to take in our interest on them, when we now all these, we can't be deceived or misleaded, some don't know why they needed privacy in crypto, that is why they may continue to have almost same or similar experience with those that depends on centralized institutions like banks.
Will we really call this a right or an obligation. In my own understanding I feel  right in crypto involves things like the freedom to own, transfer, or use our coins without censorship. Just like the permissions that come with the decentralized nature of blockchain.

For obligation, this is where  safeguarding our wallet and securing our private keys comes in . Unlike banks or centralized entities, no one is liable if we lose access or get scammed. So it’s less about entitlement and more about personal responsibility.

The truth is, no one is gonna penalize us for not taking responsibility for our seed phrase security so we have the right to do what ever we want with it but we are to bare the consequences.  Again no one would want to a situation where their hard earned money is stolen from them so, it's now a necessity that we put in our best to secure our seed phrase so it doesn't get the wrong hands. Backing up alone is not the enough we still need to ensure it is kept in a good serine environment where no one knows about it except for those we trust and are willing to share this information with.