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15 sats \ 7 replies \ @BlokchainB 17 Oct 2023 \ on: ETFs don't force the user to learn anything. This is the largest issue IMO! 📊 bitcoin
Those who want to custody will seek out information and do it those who don’t will use the ETF. Scams and fraud are afoot in this space. An ETF can protect people from that but they run the risk of completely getting rugged. One can hope that the ETF that holds BTC can verify on chain they have the BTC they claim to in custody. Plus with taproot I can imagine cryptographically linking each ETF share to a utxo to that person or fund who made that purchase.
Smart. Yes I totally agree. I would anticipate some EFT's underlying custodians will get robbed. It's inevitable. The question is - will the insurance/underwriters be able to or wanting to pay and cover the loss.
This is a huge issue IMO. Who is holding the keys and how cold is the freezer?
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Yeah the industry needs to develop such products. But using bitcoin we can bring accountability and reality back to financial markets. Then BTC can shine as the Ark to escape the insanity we find ourselves in now
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Yes. It is TRUTH
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💯🙌
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This
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Ty ty
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