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When Coinbase ever gets hacked, this industry is going into an economic depression of its own:

- All the BTC held in the ETFs gone

- All of $MSTR BTC gone

- BTC held by Public companies gone

- BTC held by US Mining companies gone

🍿

MicroStrategy is split between Fidelity and Coinbase iirc. But yeah, huge centralization risk.

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oh, interesting. i'm daunted just personally figuring out multi sig custody, so figuring this out for a company must be crazy stressful.