Boss staked eth on Coinbase like a dumbass gets this email today.
Wrap your eth into some erc 20.
I bet this has something to do with SEC gunning for them.
Discussion
My brain hurts, are they calling it ETH2 π€£ what the hell is cbETH - what a shit show ππ
Β―β \β _β (β γβ )β _β /β Β― beats me. Some synthetic erc20 token bs.
Shit is so convoluted
Man I am a pretty gut feeler.
I never knew what eth was but each time someone spoke to me about it I wanted to puke.
Or seen that vitalik goblin out there...
Aaajjjj
Why
Wait, has this something to do with regulators identifying eth as being an unregistered security that you can't even withdraw once you staked it?
If wrapped Bitcoin is trading your Bitcoin for a receipt for Bitcoin...
The this is wrapping π© in a brown paper bag to be lit on fire.