"In my opinion, perhaps the biggest risk in bitcoin right now is, ironically, one of the things that has helped it the most in the past: the bitcoin core developers."
-- CEO of the company that right now is holding most ETF and many other Bitcoins in their custody.
yep
nostr:note1n45klnz0njc0x99qfgrs7kgr500cyffhvh3d3c4lhq655hkrrhxs6dnlmh
This is what the "blocksize wars" was really about
Looking forward to the Coinbase hack/f-up that looses 1000s of the ETFers private keys.
🍿
Do they have Fort Knox level security? Do they have an insurance policy? What happens after the insurance policy pays out for key loss/compromise? Coins would either be lost, or in the hands of the hackers. The network doesn’t know about the insurance payout. What would happen to the fee rate of the ETFs?
Private keys safely distributed across the world by individual HODLERs taking personal responsibility is the way.
Welp, that was a read...
On one hand, permissionless means permissionless on the other this reads like the beginning of a hostile takeover.
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