Binance Hacked! - Bitcoin MYK Safer Option

Hey you, welcome back to the channel. And of course, by now many of you all have heard of the, the hack that occurred, uh, on Binance. Uh, the Binance exchange withdrawals and deposits are now disabled up until a period until which they can make the exchange safer. Uh, they've lost over $40 million worth of Bitcoin. And so, um, this has been, um, in the cryptocurrency space what many have feared, um, and this happens not with one of the small exchanges, uh, but this happens with the, the biggest exchange, Binance. And so what this does is this clearly sends a message of the many dangers of of trading cryptocurrency. Now, of course, the problem being that some people say, well, you shouldn't leave your money on an exchange and you shouldn't do things like that. But the reality is over 90% of the trade volume happens over the exchange. So you have to, at some point, move money to the exchange. So that doesn't, fully solve the issue, right, that you gotta— in addition to that, um, it had been going around for months now that Binance had already been compromised. Um, people were— had already hacked a bunch of customer data from Binance and had been, as I understand it, selling it around social media for about $10 per profile. So If that information is true, which at this point, as the hack— as this hack has occurred, I don't know if there's any reason to think it isn't, um, you know, that, uh, Binance has long been, you know, have been compromised prior to that. Um, so what, what can be done security-wise? Many of us believe that at this point, if Binance could be hacked and at some point many exchanges will be hacked, is that there's not a whole lot that can be done about that. CZ wanted to roll back Bitcoin, the entire Bitcoin platform, which many people were in great disagreement with. The idea was to if he rolls back the blockchain and then gives the money to miners, that, that would discourage hackers in the future because then these hackers would know that no matter what they did or no matter what they hacked, they wouldn't receive any money. Uh, and this money would go to miners, which was a problem to the customers, right? The client basis, they weren't getting the money, it was their funds. So they're up in arms, a lot of people are up in arms, kind of driving CZ to kind of go back and say, well, that's probably not such a great idea. You know, although, um, I think they're kind of still stuck in this, um, situation where how do you stop future hackers, right? So, um, you know, the Bitcoin NYK project has been, uh, for a long time saying the many advantages of using Bitcoin NYK, um, Unfortunately, we've talked about the problems with the decentralization of Bitcoin, but unfortunately the cryptocurrency space response to Bitcoin MYK has been not as fast as we'd like it to be. And it's, you know, putting itself in danger by not using Bitcoin MYK in many ways. And the reason Bitcoin NYK is so much safer than the alternative what we have right now is Bitcoin NYK is a type of overlay system, which means that you don't buy Bitcoin NYK if you have Bitcoin. What you do is you basically can, you're able to claim the Bitcoin NYK in ratio to the Bitcoin you hold. it'll act as a money. Your Bitcoin remains safely in its vault, right? In its wallet off exchanges. Yet you can still move that value around Bitcoin. Now, a lot of people would say, well, then it's just an altcoin. It's not really Bitcoin. Well, not exactly, because the idea is you can always move your Bitcoin into Bitcoin MYK without swapping it, without purchasing it. So it's very representative of Bitcoin in that fashion where With other projects, you either have to swap them for another altcoin, which means you no longer have your Bitcoin, have to deposit it someplace, um, which means you have to put it out, um, and it's held more in a custodial capacity, right? It's no longer held in your wallet. And we've solved all those problems, uh, that, uh, but yet the cryptocurrency space is still, um, now of course some of it is just lack of, um, knowledge about the project, as there is a period of time that it takes for this information to get out, people to understand about it. But then there are people who watch our videos, they very well know about Bitcoin MYK, uh, and they still haven't participated, and they have exposed themselves to a great amount of danger, um, you know, because again, Bitcoin MYK, uh, if it's stolen, if it's hacked on exchanges or what have you, you still have your Bitcoin, yet you can get them, um, based on the Bitcoin you hold and the value that is created from BitcoinNYK cryptocurrency comes from the network effect itself, where all the people that's joined our network coming in, using that value to move that Bitcoin, right? It is a safer way to do this. And, you know, right now BitcoinNYK does trade on the Freedom Exchange. Bitcoin MYK should trade on Binance. A lot of people would like it to trade on Binance, but with Binance, there have been many issues with coins getting listed, ridiculous listing fees. People have complained that Binance will list any project if the project can afford to pay it. you know, despite the integrity of the product itself, right, or the project itself. You know, as to say, the project could be a bad project, but if they have several million dollars, they could be listed. Whereas a good project, if it doesn't, it won't be listed. And that's put a bad taste in people's mouth about Binance, right, this method and this model that they've used. And that's why BitcoinMYK trades on the Freedom Exchange, right? And, um, I think we will continue to trade on the Freedom Exchange, uh, even if I'm given the opportunity to trade on Binance. Now, if we did did decide to trade on Binance, the offer we'd make to Binance would be this: nothing. It's zilch, nada. We would be listed for free, um, and not spend or pay one dime to be listed on Binance, um, and that is because we believe we would then provide that security and those security measures and those extra comfort to investors as the dangers of when they're— we're trading on these exchanges. Um, this proves that we're all in danger now, right? And, uh, you know, again, people who are on Binance, their accounts are going to be locked for, uh, however much time it takes to get this, uh, sorted. And I'm sure they will get it sorted, but the danger won't go away because the hackers, uh, will get better and they will continue to do this and move forward with this and Binance be a target. Um, but, uh, yes, in the cryptocurrency space we have to develop ways to deal with this, uh, ways to work. We invite you to take advantage of BitcoinNYK. Uh, it is a safer way, we believe, to move your Bitcoin value and idea and in concept your Bitcoin remains in the wallet. And you can always go get that Bitcoin just like if you were to store gold in a vault and trade cash, right, against the gold. So we invite you to learn more and more about BitcoinNYK.com. Be safe with your crypto. The cryptocurrency world needs to be much more safer than it's being. And we need to pay attention, learn the space more and more before we invest our money and expose ourselves to danger. Get educated about it. Don't just follow the crowd. Learn as much about your money and crypto and be as personally responsible about it and have the knowledge about it, uh, personally, uh, as following, uh, information that's out there about crypto. Even content influencers or people do videos like myself— don't listen to us. Investigate, research, uh, and try to make the the best decisions you can and try to make decisions that make sense, right? Um, so that's all I want to say in the video. I'll leave a link in the description to our website, our project Bitcoin NYK, that we think will be a big solution to, to many of these, uh, problems. But until next time, um, take care, guys.