Who here thinks that Coinbase actually holds all the Bitcoin that they claim to hold? 🫠
Who here thinks that Coinbase actually holds all the Bitcoin that they claim to hold? 🫠
naive people.
even if they do, there's a reason why they don't make the proof ofreserves public, they want the option to manipulate the price.
#arkb #bitb both provide proof. why not #ibit?
"Show me the incentive, I'll show you the outcome. " -Charlie Munger