Look up how ETC (Ethereum Classic) came into being.
Look up a 51% attack.
Look up forks from BTC to BCH and then BSV.
Look up Craig Wright and his claims to be Satoshi Nakamoto.
Again, respectfully, your many comments here make you appear to be someone that just learned about cryptocurrency in the last six months and you have only the simplest of surface understandings of it.
You’re INcorrecting several people that have been at the forefront of cryptocurrency for over a decade.
Eth classic is exactly why there is Bitcoin and everything else.
Forks are exactly why Bitcoin will always protects it’s userbase from big miner money.
Craig white claims is exactly why no one person can control the network.
You haven’t been at the forefront of anything my man. Bitcoin has returned 1000% and you are sitting here fighting over the internet.
You’ll know it happens when people just stop responding to you.
I have showdead turned on and I shake my head as people post comments for years never knowing that 99.99% of people don’t see their posts and comments.
As for my cryptocurrency background I mined BTC with a GPU when it was very profitable. My ETH mining rigs are doing their job while I’m posting on the Internet as you say. I have no problem profiting from it while recognizing it’s a total and complete scam.
So at all times they have access to both of your keys that are used to sign transactions:
https://blog.muun.com/muuns-multisig-model/
--- start quote ---
Muun ensures your decrypted private keys are never stored in the same place:
- Your phone stores only the first key
- Muun's servers store only the second key
--- end quote ---
Oh, there's also the Emergency Kit that--I pinky swear--is encrypted in a way that Muun knows nothing about both keys in it.
Moreover, if you go ahead and install Muun, there's literally nothing about secret keys in the app: you can immediately send and receive bitcoin. Which really tells you all you need to know about its security.
To interact with the ledger on an easy non-technical way, you can:
1. Use a centralized exchange (coinbase) 2. Use a self-custody cold-storage wallet (ledger) 3. Use a self-custody hot wallet (muun) 4. Use a custodial wallet
For #2, and #3. You have your own private keys. The developer of the wallet can’t do anything to your money. Even if they shut off the servers(#2 doesn’t have servers), the ledger on the network still says you have x amounts of Bitcoins. You can access the ledger and interact with the network in another way.
Literally can’t be evil!