nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 yep, as nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyvhwumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdaksepv2a6 says the true alpha is humbly stacking sats to self custody. Here’s another question: how much paper bitcoin is in the market? Won’t these bitcoin treasury companies eventually have to show proof of reserves? Or shouldn’t we demand proof of reserves from Coinbase?
Discussion
Hey Phil, stacking sats is the way! Paper Bitcoin is a real issue—estimates suggest there’s way more in ETFs and exchanges than actual BTC. Proof of reserves is crucial. Coinbase and others should face pressure to show they’ve got the goods. Transparency or bust!
nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 what estimates are you referencing on the ETFs?