Thursday, December 27, 2018

Happy Holidays and a Wonderful New Year! Help us celebrate Proof of Keys day!

Greetings NYC community! We hope everyone has had a wonderful holiday season and a blissful upcoming New Year as we move into what we hope will be a bullish year for crypto all around.

As we approach the 10th anniversary of the Bitcoin Genesis block, we invite you all to participate in Proof of Keys Day! Here's a brief video to get you introduced if you haven't heard anything about it yet. Essentially the movement aims to ask exchanges to present their proof of keys, meaning proving that they have the digital assets they are claiming to trade. You can help accomplish this by removing all of your NYCoin and other digital assets from all exchanges on January 3rd. Read more here.

A lot of scrutiny has come down on exchanges lately as it appears only a small handful actually trade the volume they are claiming to trade. Let's show these exchanges that we will not stand for shady practices.

Remember, Not your keys, Not your coin! If you do not control the private keys of the wallet where your coin reside (eg most exchnges), then the coin is not truly yours . Move all your coins into private, encrypted wallets that you have access to all the keys.

As we move into the holiday season we also want to remind everyone that you should move your coins into a wallet that is encrypted. In the event that your system is compromised, an encrypted wallet could prevent an attacker from easily accessing your coins and stealing them away. Check your wallet for the encryption settings and if it has not been encrypted yet (meaning you need a password to access send/receive functions) then please do so! It's for your own good!

You can use the core wallet from the NYCoin Community found at the github releases page:

https://github.com/NewYorkCoin-NYC/nycoin/releases

The Coinomi wallet is also a good option for mobile:

https://www.coinomi.com/en/

EDIT: Minor wording changes and additional links.


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