A few days ago I talked about the $ 2000 misfortune for Peter Schiff, a well-known gold buff and equally well-known BTC world-famous detractor; Today we return to the question because yesterday Schiff himself admitted, and he must be credited with this, that the error was actually his and that, therefore, he can have nothing to complain about.

Just yesterday, in fact, through his account on twitter Peter confirmed that:

My Bitcoin mystery has been solved. I have exchanged my pin for my password.

When Blockchain updated their app I was logged out.

I tried logging in again using my pin, which was the only 'password' I had ever known or used; also, I never had a copy of my sentence used as a restore seed.

Honest but expensive mistake! 

Obviously the community took the leap to highlight how it is not tolerable that to criticize bitcoin is a person who has demonstrated that he does not know him at all, moreover the mistake made by Peter Schiff is stuff for beginners; for the rest, many have remarked that probably a user with this type of deficiency would simply do better not to approach cryptocurrencies at all, not having even the minimum of smattering necessary to use these tools.

Still others have remarked how, wanting to use bitcoin without having the skills, the best thing is to rely on a third-party service; this definitely clashes with the principle "Not your keys, not your coin" which is one of the cornerstones for the community, however if a person is not able to manage their private keys correctly and safely, the only thing left to do is either giving up or relying on third parties, hoping not to end up being scammed.

Moreover, today as today there are numerous companies that have a good reputation and with which there is no risk of bad surprises, a person like Peter Schiff, therefore, would do well to orient himself to custody services such as that, for example, provided by bakkt.

Useful links: 1000 USDT per person for the first 500