trosso19 on Nostr: This is a big risk with the etfs. We see with precious metals (silver specifically) ...
This is a big risk with the etfs. We see with precious metals (silver specifically) that when one entity holds a huge percent of the supply they can start trading ious and iou derivatives to move the price. The upside for bitcoin is its much easier for us to demand custody of the real thing.
Published at
2024-09-14 13:11:58Event JSON
{
"id": "e3f9f1390e54f57ecef9c88311c1e0dbb25734a9f594f3037daf07c7eb04292d",
"pubkey": "30e8cbf1427c137fa60674a639431c19a9d6f4c07fd2959df83158e674fccbaa",
"created_at": 1726319518,
"kind": 1,
"tags": [
[
"e",
"84cdffc08418c983acd5877778499c995182ec1facbc35247708b955b4b5c3ac",
"",
"root"
],
[
"p",
"44b65c6380474e452fed62bcf19e4667865d2b217917922966c6a1a973100e33"
]
],
"content": "This is a big risk with the etfs. We see with precious metals (silver specifically) that when one entity holds a huge percent of the supply they can start trading ious and iou derivatives to move the price. The upside for bitcoin is its much easier for us to demand custody of the real thing.",
"sig": "e6c67be1d39d3829c86e59452918029a6c0de37858d62401b2c102568d21feda915b17d8d77bb325d24816e30249c9d0143361e81a55726673a264de4ef4fffc"
}