On-chain Freedom and Responsibility

From the moment you complete your first crypto transaction and understand what powerful technology you carry on your phone (or pc), you may immediately feel bold and empowered. That's great — congratulations! However, let's step back for a moment and discover that this freedom always comes with responsibility.

Financial responsibility

It goes without saying that when you set a foot on the playing field of big finance, it's a good idea to educate yourself in how this system actually works. Some people prefer reading books. Others like podcasts and video courses.

Financial lingo is made to look difficult on purpose. The truth however, is always much more simple. The key here is to make sure you understand the words and definitions. When you hear about "liquidity", "volume" or "decentralized finance", it's definitely a good idea to take financial responsibility and know what all these strange sounding words mean.

Technical responsibility

Now you know a little bit about blockchain and the tech behind it, you know that transactions are irreversible. You know that the proof of ownership of your digital assets is in your hands at all times.

Hence, it's only logical that you spend some time developing a system for bulletproof storage for all your important wallet data. Some people like to use a "password book", while others go one step further — writing their recovery data on paper and laminating it.

Choose whatever works best for you. Technical Responsibility means that you are in control of your assets at all times. There is no customer support. There's nobody to hold your hand and guide you through this process.

There have been millions of people before you who failed to take technical responsibility — losing their wallet data and subsequently losing access to their coins and tokens. Although it happened years ago, the taste of losing thousands (maybe even millions of dollars) is a bitter pill to swallow.

Conclusion

Although you're just starting out, it's perfectly fine to feel a bit uneasy (maybe even intimidated) by all the new tech and the difficult sounding lingo. Fear not, dear reader. We have all been there and this journey of Blockchain discovery is something truly magical. Once you embrace responsibility, freedom will come automatically — as if by default.

Securing your data and discovering innovation will come as a second nature — just like breathing or eating breakfast in the morning.