Real friends don’t let friends only hold Bitcoin ETFs.
The Consolidation of Bitcoin custody at Coinbase is a massive attack vector.
When Coinbase went down last week the “buy” button was eliminated for that brief period and Bitcoin lost $100 billion of market value in 15 minutes.
Like they did with GameStop to save the brokerage houses, *they* could eliminate the “buy” feature on Coinbase and make it “sells” only.
Bitcoin would crash and not recover for possibly years should too much bitcoin be consolidated through Coinbase, which could end up a a massive single point of failure.
Nicholas /
npub1x9…68x2x
2024-03-03 15:34:11
Author Public Key
npub1x9kazg2me72djw4n9n2lhe2pk3ngpe99n7pyzu7vyewxt5kuaxzqj68x2xPublished at
2024-03-03 15:34:11Event JSON
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"content": "Real friends don’t let friends only hold Bitcoin ETFs. \n\nThe Consolidation of Bitcoin custody at Coinbase is a massive attack vector. \n\nWhen Coinbase went down last week the “buy” button was eliminated for that brief period and Bitcoin lost $100 billion of market value in 15 minutes.\n\nLike they did with GameStop to save the brokerage houses, *they* could eliminate the “buy” feature on Coinbase and make it “sells” only.\n\nBitcoin would crash and not recover for possibly years should too much bitcoin be consolidated through Coinbase, which could end up a a massive single point of failure.",
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