Replying to Avatar Nicholas Antonopoulos

Can someone explain to me how Coinbase has all the #bitcoin to back up all the paper Bitcoin of these ETF’s? Does the government have an implicit agreement with them to bail them out with stockpile if need be? Is that even enough?
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Orange Pilled Dictator 1y ago

I don't know anything about this, is there more ETF paper than in the coinbase coffers?

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Nicholas Antonopoulos 1y ago

I don’t really know, but it seems like there will be at some point. Any time someone tries to play fiat games on top of BTC it seems to implode.