I suspect deepstate are pre-suading. The FBI will actually take the ETF bitcoin, blames it on NK hackers and then run stories trying to fork bitcoin to reverse the transaction, like the situation in the etherium DAO hack created ETC except the new coin will get the bitcoin name. This way they can semi-capture either fork, the one where they give the ETFs their money back (blackmailing the people), or the one where they have a bunch of coins. ... not obvious?
My immediate reaction is... good. Not because I like NK or hate the ETFs. But because this will be a good test... if it is actually happening. As they target custodians they will be tested and hopefully if they fail, they will learn. When money is on the line it real.
I imagine Coinbase and the ETFs have serious insurance too...
It’s a little insane when you think about all that bitcoin, publicly disclosed, being custodied by one entity. I’m sure they have their security measures, but one single point of failure preventing utter disaster for millions of people just seems so wild to me.
ETFS or not, with this massive custodians, we are bound to see some crazy shit in the future.
If the FBI can be trusted to give a warning...
I suspect deepstate are pre-suading. The FBI will actually take the ETF bitcoin, blames it on NK hackers and then run stories trying to fork bitcoin to reverse the transaction, like the situation in the etherium DAO hack created ETC except the new coin will get the bitcoin name. This way they can semi-capture either fork, the one where they give the ETFs their money back (blackmailing the people), or the one where they have a bunch of coins. ... not obvious?
I'll only believe it if 100 security chiefs pinky swear it's the truth.
My immediate reaction is... good. Not because I like NK or hate the ETFs. But because this will be a good test... if it is actually happening. As they target custodians they will be tested and hopefully if they fail, they will learn. When money is on the line it real.
I imagine Coinbase and the ETFs have serious insurance too...
Grab the popcorn guys.
Hackers from North Korea... this is the domain of NSA not FBI?
Can this be open sourced and boosted to the max please? ;-)
Not your keys, North Korean hackers coins.
If they do steal the bitcoin, who is the bag holder then?
well if you hold paper bitcoin "backed" by bitcoin and that bitcoin is gone...i"d say you're just holding paper.
lol, whether it's for real or FBI fake news, NYKNYC ETF-tards
let them eat fiat
lmao
It’s a little insane when you think about all that bitcoin, publicly disclosed, being custodied by one entity. I’m sure they have their security measures, but one single point of failure preventing utter disaster for millions of people just seems so wild to me.
ETFS or not, with this massive custodians, we are bound to see some crazy shit in the future.
Popcorn.
yeah crazy they aren't allowed to do multiple signature custody
wait wut. got a source on where they said they cant have multisig on coinbase custody?
i meant multi custodian multisig like a combo of coinbase and bitgo and gemini
Onramp is doing something like that.
I wrote a post about them a while back: #565332
So coinbase?