FacebookTrace mayer | Coinpedia User Profile
trace mayer

trace mayer

--

User Info

Trace Mayer is a cryptocurrency investor, journalist, and host of the "Bitcoin Knowledge" podcast. He assisted in the organization of the inaugural Bitcoin conference in 2013. He is credited with coining the phrase "Hodler of Last Resort." Since January 3, 2019 (the anniversary of the Bitcoin genesis block), He has been arranging the Proof of Keys event, in which Bitcoin holders move their funds off of exchanges in solidarity with "monetary sovereignty" without relying on trusted third parties like centralized exchanges, which are vulnerable to hacks or shutdowns.

 

While He has been vocal about his dislike for institutional investors' reliance on centralized exchanges, he has also stated that if Coinbase fails and users are unable to access their Bitcoin, the sharp increase in scarcity could drive the price of Bitcoin up for those who have secure, trustless access to their funds. Because of the event's popularity, some people, including Mayer, have speculated that exchanges may have restricted or would disable withdrawals on the day of the event to prevent a mass evacuation of users.

 

Mayer's 2020 started with the second Proof of Keys event. We expect Him and other members of the Bitcoin community to advocate for monetary sovereignty in an open and permissionless financial system, rather than relying on trusted intermediaries and repeating the patterns of traditional finance, as exchanges remain the most popular way of participating in the crypto economy. We're excited to listen to Mayer's audio interviews with Bitcoin's movers and shakers throughout the new year.

Social Media

Tags

  • Entrepreneur
  • Investor
  • Host
  • Market Analyst