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102 sats \ 6 replies \ @OT 3 Oct \ on: SaniExp: Coinbase now holds 2.9 million BTC bitcoin
Coinbase could be the biggest risk to Bitcoin. It will continue to grow until the next major exchange gets hacked.
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0 sats \ 5 replies \ @standardcrypto 4 Oct
or the biggest contributor to Bitcoin security ;)
#1245830
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0 sats \ 4 replies \ @OT 4 Oct
If Nth Korea through a massive hack had 30% of the supply don't you think that it's value would shrink significantly?
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0 sats \ 2 replies \ @ken 4 Oct
I have no good answer to this. Sheesh why are all of these people trusting Coinbase?
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21 sats \ 1 reply \ @Scoresby OP 4 Oct
custody is easier until you get rugged.
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0 sats \ 0 replies \ @ken 4 Oct
The truth
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0 sats \ 0 replies \ @standardcrypto 12h
yes, fantastic buying opportunity who those were hesitant in the earlier days.
coins move from weaker to stronger hands. Win win.
Also, now north korea becomes the giant honeypot. Yes they have nukes and some pretty scary gulags, but hackers are creative and good at staying one step ahead; they will figure out a way to re-decentralize the north korea hoard without too much destruction, that's the happy path anyway.
every time one of these massive hacks happens, another few % of the using population moves from "trust custodians, too scary to manage my own" to "nyknyc."
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