What is Proof of Keys ?
Proof of Keys is a movement started by well-known crypto investor Trace Mayer through Twitter. On Thursday, January 3rd, 2019 investors are being urged to move their cryptocurrency off of exchanges and into a crytpo wallet where they have control over the private keys.
Why January 3rd?
January 3rd, 2019, is the 10-year anniversary of the Bitcoin ‘genesis block’ being mined.
So what’s the point of Proof of Keys?
As Trace Mayer stated in his tweet, “Not your keys; not your bitcoin. cryptocurrency stored on an exchange is, technically, owned by that exchange. Since the exchange has full control over the private keys (users have no access to them) they have the ability to do whatever they choose with the wallets and the crypto stored in them.
Why Should You Care?
The Proof of Keys ideology epitomizes the actual purpose of Bitcoin… to replace a ‘trusted 3rd-party’, which is prone to errors and vulnerabilities, with machines and math.
Mayer has invited anyone interested in participating in the Proof of Keys event to tweet or retweet his message and fill out a form on the Proof of Keys website with links to their tweets. Their names will then be displayed on the website.
