Tesla and SpaceX CEO Elon Musk discussed the importance of self-custody in cryptocurrencies with Twitter and Block co-founder Jack Dorsey.
Musk responded to Dorsey's announcement of Bitkey, a self-custody Bitcoin (BTC) wallet from Block, but made a small mistake in his reference to a well-known crypto saying.
Not your keys, not your wallet, as they say
— Elon Musk (@elonmusk) December 7, 2023
The correct phrase often quoted by crypto enthusiasts is “Not your keys, not your coins.” This saying underscores the belief that personal control over one’s crypto keys is essential to true ownership of digital assets.
The importance of this principle has been underscored by numerous third-party failures in the crypto industry, including the recent criminal behavior at FTX involving the misuse of customer deposits.
Musk's error in this sentence was quickly noticed and criticized by Twitter users, reflecting his reputation as an avid, if sometimes inaccurate, crypto enthusiast.
That's not really what they say
but close enough 👍
— Zack Voell (@zackvoell) December 7, 2023
This incident followed another recent event in which Musk's public tirade against advertisers leaving Twitter inspired the creation of a meme coin that gained and then lost significant market value in a short period of time.
You know what they say
If you can't bite them, imprint them
— Udi Wertheimer (@udiWertheimer) December 7, 2023
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