Bc they would go to jail.
Discussion
I don’t think anyone is going to jail for assuming they don’t have all the bitcoin. If you mean people in the companies would go to jail, you’re correct if there are actually regulators savvy enough to discover the fraud. If they can prove it to a regulator, they can also prove it to me. Until then, my assumption stays the same.
Fair enough. I've heard this argument a lot from bitcoiners, and I respect the "don't trust, verify." But given the amount of regulation in American financial markets, this isn't a risk I'm gonna spend a lot of time worrying about. If we are going to worry about these huge companies not having what they say they do, shouldn't we also worry the same about all balance sheets in the market? I don't see coinbase going full FTX with regulators up their asses. But I 100% get your point.
Yep, I agree and I spend zero percent of my time worrying about it. Just noticing and thinking.