Chatter Report: Pacia Shows Avalanche Regtest Data, Powell Advocates Hardware Wallets

In today’s chatter report, Chris Pacia reveals his BCH transaction using Avalanche on regtest finalized in just 185.822377 milliseconds. Also, Changpeng Zhao advocates storing crypto on reputable exchanges while Jesse Powell advises his followers to store crypto on hardware wallets. Lastly, Eric Wall proposes targeting children to spread crypto adoption. 
Also Read:  Jason Cox Extends Open Invitation for Assistance With Development and Review of Bitcoin Cash Code
Avalanche Regtest Results
Recently, Openbazaar developer Chris Pacia was testing the pre-consensus implementation Avalanche on regtest . Pacia was optimistic when sharing his results, as his transaction finalized in just 185.822377 milliseconds.
Chris Pacia: 2019-01-14 18:20:01.776 [INF] AVAL: Starting avalanche for tx 46db02b656673509670b5a952215015bebd4a97155022132d6cb206c046c6178 2019-01-14 18:20:01.963 [INF] AVAL: Avalanche finalized transaction 46db02b656673509670b5a952215015bebd4a97155022132d6cb206c046c6178 in 185.822377ms from btc

In an attempt to lower expectations, lead developer of Bitcoin ABC Amaury Séchet explained that he does not believe that transactions will confirm at the same speed on mainnet, because a round trip around the earth via the internet typically takes 500-600 milliseconds.
When asked by Reddit user “CatatonicAdenosine” if Pacia thinks the numbers will stay this low, Pacia said he doesn’t expect transactions to take more than one to two seconds to finalize. Pacia also stated that he plans to run pre-consensus mechanism Avalanche on mainnet in a few weeks and begin logging data.
CZ’s Advice on Safe Crypto Storage Causes a Stir
In response to Cryptopia exchange being hacked, Binance CEO Changpeng Zhao proposed three different options for storing cryptocurrency safely. Many users were critical of Zhao’s proposal to store coins on “reputable” exchanges and raised eyebrows when Zhao criticized the practice of storing coins in noncustodial wallets.

Store coins yourself. You fight hackers yourself, and guard from losing wallet yourself. Computer breaks, USBs gets lost.
Store on an exchange. Only use the most reputable, proven secure, exchanges.
Or move to DEX, disrupt ourselves. https://t.co/Ci4ux9I3VD
— CZ Binance (@cz_binance) January 15, 2019

Zhao’s comments were in contrast to those of Kraken exchange CEO Jesse Powell, who advised users to store only the coins they plan to actively trade with, and no more, on exchanges. Powell also advised storing crypto on a Ledger or Trezor hardware wallet instead of an exchange.

PLEASE do not store more coins on an exchange (including @krakenfx ) than you need to actively trade. Use @LedgerHQ or @Trezor . DEXes are not a panacea — look at The DAO. Open source just means exploits will be discovered sooner (probably not by good guys). 
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