RE: February's Steemsilvergold Crypto group buy - Cardano (ADA)
I would love an alternative method of getting involved in Cardano and other great cryptos. The idea of people helping other people (when banks and other systems fail us) makes me happy.
But I'm one of those weird people who believes that "if you don't hold it, you don't own it". I'm a physical</> stacker, strictly. I hold my own Steem, I hold my own Bitcoin, I don't put anything on an exchange (an exchange is just a crypto word for 'unregulated bank'). I also don't use pools, like this otherwise awesome buying pool you've got here! On principle, even with my crypto stack, I've got to hold it myself. I always store my own value - nothing personal.
But I appreciate the opportunity, and thank you for the invitation. All the best to everybody. This seems like the approximate bottom for the current U-shaped correction. A sideways consolidation and then a warming bull market may be close.
Totally get what you mean @drutter - "if you dont hold it, you dont own it".
But for me, having @silverstackeruk hold it, is exactly the same as if I were holding it myself. I'd trust him with my silver, my gold, my crypto, my fiat currency, but not my wife!!!
He even has a little black death book, that goes to @thedamus (I think) with all the passwords in, just in case of the worst, so no one loses out on collecting thier crypto.
Trust is great!
That's the thing about "if you don't hold it, you don't own it" though. It's saying that trust doesn't matter, because it's not about trust. The other person/party may be completely reliable and trustworthy, and you STILL should never store your money with them.
Community buying pools like this are exactly what "if you don't hold it, you don't own it" is referring to, unfortunately!
So no stacker could ever be offended another won't "trust" their savings with them. It's an important lesson that we've all learned through many years of experience and study.
Thanks for your time, but please remove me from the club member list. Good luck to all.