Trace Mayer Draws Support for Proof of Keys — Celebrating Genesis Block Day

Trace Mayer is calling for all bitcoiners to participate in a “Proof of Keys” celebration on Genesis Block day. “Not your keys; not your bitcoin,” he emphasized, urging bitcoiners to declare monetary sovereignty by withdrawing all of their bitcoins held with trusted third parties to software for which they control the private keys.

Proof of Keys

“Let’s start a new #Bitcoin cultural tradition,” he tweeted on Sunday. “I want to start a new cultural tradition where we declare and re-declare our monetary sovereignty every Jan. 3 as a celebration of the Genesis Block,” he said. Mayer has created a website, Proofofkeys.com, to provide details of the event and spread the word. He described:

The concept for the event originated from Reddit user “sotashi,” whom Mayer credited on his new website. He further explained that “By demanding and taking possession of their assets, individuals will learn real fast with blockchain proof whether they are part of the elite HODLers or not. Proof of Keys is the annual HODLer initiation.”

Genesis Block Celebration

This event will also be “The ultimate stress test,” Mayer added, given that the movement of participants’ coins would result in a large number of transactions on that day. Noting that “Companies and exchanges must prove their trustworthiness and consensus,” he asserted:

“Remember, remember the 3rd of January! And please help spread the word,” Mayer reiterated, adding that “Then on the 4th of January there can be a return to business as usual with renewed confidence based on Proof of Keys.”