Paper Bitcoin
267 sats \ 5 comments \ @grayruby 1 Dec 2022 bitcoin
Has anyone seen an analysis on how much fake (paper) bitcoin is in the market?
Considering there are still more than 2 million coins left on exchanges and the CBOE futures contracts settle in dollars not bitcoin the numbers could be very significant.
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11 sats \ 1 reply \ @Majjin 1 Dec 2022
I'd definitely be interested in seeing an analysis like this too. Any amount is too high, but its I agree its probably significant. We definitely need to keep reiterating that people need to own their keys!
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0 sats \ 0 replies \ @grayruby OP 1 Dec 2022
Indeed
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0 sats \ 0 replies \ @orthzar 2 Dec 2022
I suspect it's not possible to get accurate info on this. Mt. Gox inadvertantly wound up trading paper BTC due to a bug that someone exploited. FTX intentially traded ~100% paper BTC and told nobody about it.
We probably won't know how much paper BTC there is until after most exchanges are bankrupt.
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0 sats \ 0 replies \ @selfish_gene 1 Dec 2022
это хорошо... пусть там торгуют... биткоин и без этих цыфр проживёт...
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0 sats \ 0 replies \ @TheBTCManual 1 Dec 2022
Oh I'd love to have a live estimated ratio of this, would be epic
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