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I agree and don’t think they will do FTX shady stuff at all. I do think that reserve requirement’s are unclear by design & are not 1:1. This is fractional reserve BTC territory we’re heading into.

Truly scarce is a problem for them all. Big problem.

If it weren’t, the answer would be as clear as the sun on a beautiful sunny day. But alas, nobody has a clear answer.
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CitizenPleb 2y ago

I think some will do proof of reserve and provide addresses and such as an incentive to woo certain investors who want that transparency.

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nobody 2y ago

Rule for 1 should be rule for all.

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CitizenPleb 2y ago

I would agree, but seriously don’t care if they hold buckwheat in reserves.

7e
nobody 2y ago

It matters a little. How papery will our beloved BTC become. Very or not much?

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CitizenPleb 2y ago

There will be a thick ass layer of paper. Already is.

7e
nobody 2y ago

True dat.