"Only when the tide goes out do you discover who's been swimming naked” - quote Warren Buffet
Ref. nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5hgfg9w's poll:
“what’s more likely?
1) satoshi’s coin is stolen by a quantum attacker
2) saylor’s coin is stolen by the us gov”
——————————————
Mass withdrawals from Coinbase-IOU’s, into self custody freedom money, would in effect be a bank run on Coinbase to “discover who's been swimming naked.”
Bank runs can happen quickly on issuers of Bitcoin-IOU’s from custodians like FTX, Mt. Gox, Coinbase, Celsius, BlockFi etc.
Ask yourself.
What would happen if the following categories started mass withdrawals for Coinbase-IOU’s on Sunday evening?
• plebs
• nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqy28wumn8ghj7mn0wd68ytn00p68ytnyv4mqqew05m
• freedom fighters
• “Strategy” AKA $MSTR
• every other major BTC “Treasury” Company
•11/12 US Spot Bitcoin ETFs, except Fidelity / $FBTC, which, according to them self, practices self custody.
What would happen with the BTC-price denominated in filthy fiat currencies, after the Coinbase bank run?
But remember what nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyvhwumn8ghj7urewfsk66ty9enxjct5dfskvtnrdaksd7saa2 have tried to teach you in 21+ Bitcoin-podcast interviews:
“You can’t measure the system, from within the system”
——————————————
“Not your keys not your coins”🔑
nostr:nevent1qqsfueud6yyty05ppc7k6sk6xqx668g6cfnn4lcxw2m2v3zy6dk5ryqqu7ghh
nostr:nevent1qqsyqkcn8f39dqrvjz6z60747q5t9d7jts3uleh498j9cqaukyar65gpp4mhxue69uhkummn9ekx7mqfjwx3g
