DWOLFBTC on Nostr: Note to exchange holders When! The #bitcoin physical supply is all owned and ...
Note to exchange holders
When! The #bitcoin physical supply is all owned and accounted for
There will be 3-5 million Bitcoin eliminated in paper exchange holding
Don’t cry when this legally happens
1: You bought 20k worth of bitcoin
2: you left it on exchange
3: it’s worth 400k in bitcoin
4: Exchange doesn’t have your coin
5: if you never bought it they never sold it
6: you’ll receive your 20k back
DO YOU GET IT …. Legally they aren’t holding your bitcoin and sold you nothing… so they don’t have to value anything… just refund you and laugh
Legally this is procedure… they pay a fine, you get a refund eventually
SELF CUSTODY OR DONT CRY
Published at
2023-11-09 00:12:49Event JSON
{
"id": "1392f5a9c0e27b9241ce2a7e97722e29babc44d0595f18fe35034656dbb983f7",
"pubkey": "14d8401c968e4bbaa27af12936de8b9cf31e866017334d3aa1ecfbbb0be869f6",
"created_at": 1699488769,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Note to exchange holders\n\nWhen! The #bitcoin physical supply is all owned and accounted for\n\nThere will be 3-5 million Bitcoin eliminated in paper exchange holding\n\nDon’t cry when this legally happens \n\n1: You bought 20k worth of bitcoin\n2: you left it on exchange\n3: it’s worth 400k in bitcoin \n4: Exchange doesn’t have your coin\n5: if you never bought it they never sold it\n6: you’ll receive your 20k back\n\nDO YOU GET IT …. Legally they aren’t holding your bitcoin and sold you nothing… so they don’t have to value anything… just refund you and laugh\n\nLegally this is procedure… they pay a fine, you get a refund eventually \n\nSELF CUSTODY OR DONT CRY",
"sig": "2088dc961bf4b349a299668ff80bd91c05c5c4119acdad457c9b3e9048c36ba011b7fa4ec5df10cca0d9d3a1ac8e61ff65c7d50cff962ad09660f717016d4adb"
}