The institutional owners of the coins they custody know the addresses. Any funny business would be detected immediately. I don’t think Brian is trying to share a cell with SBF
If Coinbase has 90% reserves and 10% float, that’s an extra year’s worth of issuance. Y’all don’t think Coinbase is able to float a percentage of their coins they believe won’t ever move (…cough cough MSTR.)
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Discussion
Unless the government is in on it. Trying to suppress the price so that we have an orderly transition into a bitcoin standard.
Remember how stupid Saylor got during his podcast circuit last year talking about credit markets? That completely fits into a smooth transition from dollars to bitcoin afforded by fractional reserve banking bitcoin entrusted to centralized third-party custody.