Jay [NEW NPUB] on Nostr: Coinbase is too big to fail because it custodies too much institutional Bitcoin. ...
Coinbase is too big to fail because it custodies too much institutional Bitcoin.
Unfortunately for them, they can't be bailed out if they lose the Bitcoin. So fail it must if it comes to it.
Published at
2024-11-20 02:49:41Event JSON
{
"id": "2035c33bb9212210eb845c21b530100cfb3927eae4bba2fa5f6707aa6a6bb249",
"pubkey": "7ed7d5c3abf06fa1c00f71f879856769f46ac92354c129b3ed5562506927e200",
"created_at": 1732070981,
"kind": 1,
"tags": [
[
"e",
"20f1a1b1f237f502bdeae420fb9956da4bbe24e9f115203854ec9aeb1ceb257f",
"",
"root"
],
[
"p",
"0f563fe2cfdf180cb104586b95873379a0c1fdcfbc301a80c8255f33d15f039d"
]
],
"content": "Coinbase is too big to fail because it custodies too much institutional Bitcoin.\n\nUnfortunately for them, they can't be bailed out if they lose the Bitcoin. So fail it must if it comes to it.",
"sig": "5983237fdb8fdb6b7d49ac3cdd7b2bee52854e0a0f83d00a25bf8812790b48c8254ddeed790fdcc9715e559f6d27cf0bdc2853d97cda03467c5c603fb17985e7"
}