Replying to Avatar MonkeyRidesBike

I hate the ETF involvement, I don't trust them to have full reserve, and since its cash in cash out we can't wreck them with a run on bitcoin
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nobody 1y ago 💬 1

Most of these ETFs hold their bitcoin at Coinbase so Coinbase would have to collude with the ETFs to be fractional reserve. Unlikely IMO

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nobody 1y ago

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MonkeyRidesBike 1y ago 💬 1

I'm sure bankers wouldn't ever collude (looks at federal reserve) hmmm.... Maybe they would

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nobody 1y ago 💬 1

You may be right, just saying it’s unlikely. Brian Armstrong may be misguided with his Coinbase shitcoin casino but I don’t think he is a crook, and don’t think he wants to go to jail for running a fraudulent publicly traded audited company.

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nobody 1y ago

🤝