The summary.
PRACTISE RECOVERY FROM THE PHRASE BEFORE HOLDING ANYTHING SIGNIFICANT
It verifies the phrase was recorded correctly, while the cost of being wrong is nothing.
Start with an amount treated as a learning cost — mistakes are certain.
SEND A SMALL AMOUNT FIRST TO ANY NEW ADDRESS, AND CONFIRM ON AN EXPLORER
Never treat an unconfirmed transaction as settled, and never accept an address from a message without confirming through another channel.
FOR CROSS-BORDER TRANSFER, THE SAVING IS IN CONVERSION COST, NOT TRANSFER COST
Compare total cost against established services, which are sometimes cheaper.
STABLECOINS CARRY ISSUER RISK, PLATFORM RISK AND REGULATORY RISK
Holding value this way is not risk-free, and nothing here is advice to do it.
NEVER PROVIDE SERVICES TO ANYTHING YOU COULD NOT EXPLAIN TO A REGULATOR
That test captures most of what should be avoided, and the commercial gain rarely justifies the exposure.
WHEN EXPLAINING A SCHEME TO SOMEONE ALREADY IN IT, DESCRIBE THE STRUCTURE WITHOUT JUDGING THEM
Shame prevents people acting on what they learn.
BOTH CONFIDENT PREDICTIONS HAVE BEEN WRONG REPEATEDLY
The useful position is interested, informed, and unconvinced by claims lacking evidence.
