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84 sats \ 2 replies \ @RdioActiv 25 Jan \ parent \ on: Bitwise Publishes Bitcoin Address Containing Their ETF Holdings bitcoin
I strongly disagree.
This is a fund traded on the public stock market. They have a fudiciary duty to protect those funds in any way possible.
If they get hacked, it'll give the SEC the reason they need to ban Bitcoin permanently. Not to mention the turmoil it will cause across the financial sector.
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10 sats \ 0 replies \ @_b_o_n_e_s_ 25 Jan
its almost like the incompetence was planned 🤔
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0 sats \ 0 replies \ @piecover 25 Jan
My point is that at least they make the 1st step in proof of reserve that will force Blackrock to also do. The correctness you guys are argueing about are somewhat important but not urgent. Saying these types of addresses are bad is also saying Bitcoin is bad. Again the Satoshi coin are all publicly available to see from similar addresses and never got hack for 15years now so what's your point? Yes they need to upgrade to multisig but when they feel confortable with it, you have to remimber multisig is also complex and more likely to lose the wallet backup and keys therefore lose all the coin together.
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