It looks like there is some communication problem around the SoDogeTip bot on reddit. Some receive real tips and think it is a scam.

SoDogeTip bot is "the" #Dogecoin tipbot since 2017 - when it replaced a bot whose infamous dev had indeed gone rogue. 1/3

reddit.com/r/dogecoin/com…
When you receive a tip, if you have never used SoDogeTip before, you will receive a PM on reddit asking you to register. This is normal.

SoDogeTip works on chain, so you will receive your own address when you register to use its services. BUT! 2/3
Like all custodial services (the bot is maintained by (u/just-an-dev), it should NEVER be used as a wallet.

Keep a small amount on it, just enough to send tips around. With the new low fees, you can take money in and out of it at almost zero costs. 3/3
On a note: what facilitated the disaster with the previous dogetipbot in 2017 was indeed the fact people kept using it as their own wallet - at some point, the developer gambled and lost the users' funds.

Never use custodial services as wallets.

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More from @mishaboar

23 Nov
Shibes, you are not powerless. You can gain more control over #Dogecoin:

- Do not put your crypto into lending programs like Gemini Earn/FTX Earn/Voyager
- Do not use exchanges as wallets
- Hold your crypto in your own private wallets

Take that liquidity off the table. Really.
More information on lending programs, aka every program promising APY for "staking" (it's actually lending to speculators and liquidity providers, not staking) - your $Doge:

More information on wallets for your #dogecoin and crypto:

Read 4 tweets
21 Nov
Important! Many do not understand this.

Coinbase insurance does cover up to $250K, but only if you are a U.S. resident. Even in this case, the $250k in their policy refers ONLY to your holdings in fiat, not to your crypto.

Your crypto is insured on a best-effort basis. 1/n
Also, it is fundamental to understand that their policy does NOT (I repeat: it does NOT) cover losses resulting from unauthorized access to your account due to a breach or loss of your credentials.

help.coinbase.com/en/coinbase/ot…

#dogecoin

2/n
Finally, in terms of holding large amounts of Doge on Coinbase, like for any other exchange, we do not know what they do with the #dogecoin/crypto you are holding in their coffers.

They could be lending a portion of it to liquidity providers - many think this is the case. 3/n
Read 4 tweets
21 Nov
A reminder: if you want to take back control of #Dogecoin, start by keeping it in your private wallets. Also avoid programs like Gemini Earn, FTX Earn, and so on. When you use these services you are LITERALLY lending crypto to all the "Barry Silberts".

Once again: this is NOT a conspiracy theory: this is written black on white on the ToS of these programs (and which many skip).

Genesis, the borrower of the $Doge you put into Gemini Earn, is owned by Digital Currency Group, the company Barry is CEO of.
And to be clear: I am not demonizing a single person. Barry took that role because he likes conflict and attention, but he is actually just another cog into a group of institutions and speculators controlling the market using also your liquidity. #dogecoin
Read 4 tweets
7 Oct
Recent events deserve a thread about #Dogecoin's blockchain and what it means. In December 2013, I wanted to start mining cryptocurrencies. I tried to ask questions on r/bitcoin, and let's say I was not treated very nicely. Crypto was already very elitist, back then. 1/n
That really bothered me. I found this other two-day old new crypto with a dog in its logo. I looked at my dog sleeping at my feet, told about it to my partner, and we decided to mine Doge instead. 2/n
That's how it started. And to my surprise, r/dogecoin was very welcoming, and insane. I thought, back then, that I would have mined Dogecoin and then converted it into Litecoin or Bitcoin. But I never did. 3/n
Read 9 tweets
6 Oct
I think the Bitpay integration is the gift that keeps on giving, and @mcuban's push in March was instrumental to get there.
@BitPay it is very practical, easy to implement in platforms like Wordpress and Magento. Early in March I wrote about how @mcuban's Mavericks news overshadowed an even bigger gift: reddit.com/r/dogecoindev/…
Keep in mind that this still means your #Dogecoin is going through a centralized channel, as it happens with all these processors, like Coinbase. Yet, these third party providers are fundamental in a healthy ecosystem and they promote adoption. 1/2
Read 4 tweets

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