Not wrong, but as that happens the ETFs will face the temptation to fractionally reserve and the millionaires who want a dozen bitcoin each will all but demand it.
Almost none of these millionaires will have any interest in self custody, any will demand legally fractionally reserved ETF coin with the maximum amount of government regulations.
And this will dampen the effect of ngu for the rest of us.
stupleb /
npub17k…r9wn4
2024-07-12 17:22:59
in reply to nevent1q…hkyv
Author Public Key
npub17kvhxlt80pqnnp6cnkph8qvuyvuhwu9fyt0yem4msx62ww489zas3r9wn4Published at
2024-07-12 17:22:59Event JSON
{
"id": "38dd93f384dc6807fb8e4c24938223bfb800b29862ac072534357a424d748d96",
"pubkey": "f599737d6778413987589d8373819c23397770a922de4ceebb81b4a73aa728bb",
"created_at": 1720804979,
"kind": 1,
"tags": [
[
"e",
"f91f008d8bb387a9bd90eea487359390e8d52c33f8902e4e5a0fca44ccb68c42",
"",
"root"
],
[
"p",
"0575bf03c261c19508094def29ca943a5ab148c4f76c3798a45bbb1162a2b879"
]
],
"content": "Not wrong, but as that happens the ETFs will face the temptation to fractionally reserve and the millionaires who want a dozen bitcoin each will all but demand it.\n \nAlmost none of these millionaires will have any interest in self custody, any will demand legally fractionally reserved ETF coin with the maximum amount of government regulations. \n\nAnd this will dampen the effect of ngu for the rest of us.",
"sig": "33ef6268b297c88ec15c7a20656f0cc380e32bd180cff3613e0adff729027f80f1a0b3b796b413e4d0914d4d453395dc229b8507ae82c865e59a53f596057b82"
}