Replying to Avatar utxo the webmaster 🧑‍💻

There is way too much trust in Coinbase in the suit circles

Good luck to them, perhaps the biggest Honeypot in human history is brewing there

Hopefully no inside jobs and USG directives happen that would nuke mstr and all the ETFs
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Erik Cason 11mo ago

The real risk is in a 6102 play, which with this administration is greater than a non-0 chance.

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utxo the webmaster 🧑‍💻 11mo ago

I tend to agree, whether it's this administration or any other for next 20-30 years, Bitcoin very likely to be blamed if there is a sudden loss in confidence in USD or treasuries

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BoomTown 11mo ago

The biggest risk isn’t that Coinbase is fractional reserving MSTR’s coins? 🥶

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Erik Cason 11mo ago

Having been on the inside from 13-17, I can attest to it being a dumpster fire, but fractional reserving is one thing I feel confident that CB doesn’t do.

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prepare to jibe 11mo ago

Thanks for the intel/perspective.

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CitizenPleb 11mo ago

I’ve always been curious how they’re doing vault security for large corporate clients like Blackrock and MSTR.