Replying to Avatar Eric ✝️🇻🇦🇨🇦🇵🇹

I think your first point is the most important. Its part of the bitcoiner promise that there will never be more than 21M but exchanges can create paper bitcoin.

Monero on the other hand is going in the opposite direction ie off CEXs.
Avatar
tuco 1y ago

I wonder if some ETFs could also be backed up with paper #bitcoin. If it could be done it WILL BE done, right?

Reply to this note

Please Login to reply.

Discussion

Avatar
Eric ✝️🇻🇦🇨🇦🇵🇹 1y ago

Im not sure. I think paper bitcoin in ETFs is less likely but i have not read the etf docs. Its supposed to be 1-1 custodial.

Its the exchanges that are able to lend out your bitcoin that worry me.