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111 sats \ 2 replies \ @optimism 5 Jun \ on: Obvious question is Obvious: Where the hell is everyone??? bitcoin
Buying MSTR and IBIT. Coinbase Custody paper bitcoins aren't on-chain.
I for one have been doing more on-chain txs than I have in a long time though. I love it when inclusion fee is low.
MSTR and IBIT isn't real Bitcoin... sure it 'exists' somewhere...
But you can't send it to someone, you can't coinjoin it, you can't open a channel with it etc etc... It negates the entire purpose of custody.