Trace Mayer on Why You Must Own Your Bitcoin Private Keys

In this episode, I talk with Bitcoin OG Trace Mayer. We discuss why Bitcoin is important, Austrian Economics, The 7 Networks Effects of Bitcoin and his campaign Proof of Keys where he is encouraging Bitcoin hodlers to take their Bitcoin off exchanges. LISTEN TO THE FULL EPISODE HERE AND ACCESS LINKS TO THE SHOW NOTES https://www.whatbitcoindid.com/podcas... WHERE TO FIND THE SHOW → My website: https://www.whatbitcoindid.com/podcast/ → iTunes: https://apple.co/2OOlzVV → Spotify: https://spoti.fi/2ygc4W1 → Stitcher: https://bit.ly/2IQO8fX → SoundCloud: https://bit.ly/2CGSVQR → YouTube: https://bit.ly/2pR3s3g → TuneIn: https://bit.ly/2ywystr LISTEN TO OLD EPISODES → By guest: https://www.whatbitcoindid.com/guests/ → By topic: https://www.whatbitcoindid.com/topics/ → Transcriptions: SUPPORT THE SHOW → https://www.whatbitcoindid.com/sponso... → Become a Patron:   / whatbitcoindid   → Subscribe on iTunes → Leave a review on iTunes → Share the show out with your friends and family on social media → Drop me a line on [email protected] WHERE TO FOLLOW ME: → Twitter:   / whatbitcoindid   → Medium:   / whatbitcoindid   → Instagram:   / whatbitcoindid   → Facebook:   / whatbitcoindid   → YouTube:    / whatbitcoindid   → Website: https://www.whatbitcoindid.com/ → Email list: https://www.whatbitcoindid.com/subscr... LEARN ABOUT BITCOIN & CRYPTO: → Step by Step Guide: https://www.whatbitcoindid.com/beginn... → Beginner's guide: https://www.whatbitcoindid.com/crypto... → Training: https://www.whatbitcoindid.com/training/ → Resources: https://www.whatbitcoindid.com/resour... ***** “Bitcoin is for all of humanity, it is the greatest technical innovation when it comes to sound money.” — Trace Mayer Interview location: Skype Interview date: Monday 17th Dec, 2018 Company: Premier Ark LLC Role: Manager Own your private keys! OWN YOUR PRIVATE KEYS! How many times are people told to make sure they own their private keys and not risk holding their Bitcoin on an exchange but they still do? Bitcoin offers people the chance of financial self-sovereignty but yet too many leave their Bitcoin on an exchange, exposing themselves to the risk of hacks, confiscation and exit scams. Trace Mayer is attacking this problem head-on with his campaign Proof of Keys, where he is encouraging everyone to take their Bitcoin off-exchange on January 3rd, the 10-year anniversary of the launch of the Bitcoin protocol. Trace rightly points out that there are many new entrants to Bitcoin who aren’t aware of what happened with Mt. Gox as well as the other countless exchange hacks. In this interview, we discuss the campaign, but we also discuss why Bitcoin is important, Austrian Economics and The 7 Network Effects of Bitcoin. ***** 00.03.49: Intro and welcome 00.05.04: What is Bitcoin and who is it for? 00.06.01: The 7 Network Effects of Bitcoin 00.22.59: Introduction to Austrian Economics 00.37.30: Interest Trace has in crypto outside of Bitcoin 00.44.34: Bitcoin being ahead of target 00.49.55: Thoughts on KYC/AML in reference to Tim May article 00.53.16: Proof of Keys 01.07.05: Why you should run your own full node 01.09.57: How to stay in touch with Trace