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2026-08-05 06:39:46 UTC

V4BTC on Nostr: 🚨 Bitcoiners should be alert not only to phishing scams trying to steal their ...

🚨 Bitcoiners should be alert not only to phishing scams trying to steal their #Bitcoin, but also to businesses using fear to undermine self-custody and sell permissioned alternatives.

Be wary of any service where multiple companies hold keys, collect sensitive identity data, can refuse to sign, and/or charge a recurring percentage of your Bitcoin.

More counterparties, more KYC exposure and more permission do not automatically mean more security.

The answer to self-custody risk is better education, better tools, independent verification and less blind trust.

Don't let fear turn sovereignty back into dependency.