Replying to Avatar MAstr

#Coinbase is the vehicle that will be used by #Blackrock &co to fund their #EFT business.

Means they will just lend the #BTC from Coinbase to,sell eft's.

The conclusion is that in the end we will not see a bear market due to the eft's showing up. But same time they are risking a squeze out when people start to take their BTC off the exchange for self custody.

At least this could be a possible szenario.

Mateusz

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TheBitcoinManual 2y ago

I can see that happening, CB is a public company, its got a good track record its willing to play ball with regulators and big companies in the space already custody with it.

My thing is it just becomes a massive single point of failure, a hack, or a fortress style F up with keys can leave a bunch of people shit out of luck

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Hazey 2y ago

So many examples of that already. Simply put, you can't print bitcoin to paper over the shenanigans