Any company who “holds” Bitcoin on their balance sheet without proof of reserves and signing their own txns… actually don’t hold jack shit.
Bitcoin Exposure is dilution in my humble opinion and the grift should be challenged instead of applauded.
Discussion
Hi QW 🤟😉🏴☠️ I saw that you followed me in my old profile that unfortunately I lost and I don't use anymore! Follow me here on this and also remove the follow to the old profile that is nostr:nprofile1qqs9p5hc40z2nx65fxx9k8faqe5qy8pr98fqc4yk4vtfvdpvvw3g0dspzemhxue69uhhxmmrd9skctnrv9khq6pwdejhgqgkwaehxw309aex2mrp0yh8qunfd4skctnwv46qg68cln thank you bro 💜🧡
What bothers me is all these companies trust coinbase to be the custodian. I don't want trillions in wealth trusted with them a single point of failure.
That's the main reason I don't invest in these conpanies. I don't know what these fancy bonds and preferred stock options mean, but I'm studied #bitcoin cybersecurity for over a decade.
I am not comfortable with the cybersecurity of any of the public companies that outsource this.
“ Bitcoin exposure “ is like posing for a pic with somebody else’s Lambo and paying for it . Bitcoin cosplay at it’s finest , price vibes with no self custody