Ha yeah the cost of a Bitcoin education in sound money! Tuition costs suck :-)

Lol equally an idiot back in 17, having paper promises on an exchange that got rugged, had to learn the hard way and I see it as the cost of learning, although i'd much prefer to have that bitcoin back :)



TheBTCManual

Sure in some cases that will apply, blockchain is final, but if the size of the loss is large enough, the social layer/legal layer will act, if someone gets rugged most likely its bye bye bitties, but if its a whole bunch of investors, there's enough of an incentive to try and find who took the money

Not saying its perfect, but you will always have heat on your ass, look at the Bitfinex hackers, they took a few slip-ups and they were captured. So there's still a chance an ETF can recoup some funds



My point is that legal "ownership" of bitcoin is irrelevant in both cases. Courts can't reverse a bitcoin transaction even if the coins are "stolen". Having exclusive control of the keys is all that matters. 



02bcd3eeb0

 try to compare a paper Bitcoin promise to Bitcoin in cold storage? We are not the same and every cycle people learn. I was an idiot and lost a lot of Bitcoin by staking paper Bitcoin. You’ve been warned. Not your keys not your cheese…

charts_and_numbers

US ETFs have 3.75% of BTC supply. 

I agree. How can @02bcd3eeb0 try to compare a paper Bitcoin promise to Bitcoin in cold storage? We are not the same and every cycle people learn. I was an idiot and lost a lot of Bitcoin by staking paper Bitcoin. You’ve been warned. Not your keys not your cheese…