52 sats \ 3 replies \ @elvismercury OP 7 Nov 2023 \ parent \ on: Some thoughts on the game theory that results from btc wealth bitcoin
I think I know what you're getting at, but say more about what you're thinking on this one so I don't put words in your mouth.
• Have 1 BTC worth of bitcoin in an ETF
• Robber comes to your house and puts your thumb in garden shears • Robber says "give me your bitcoin" • Say "call Larry Fink bro, it's in a brokerage sitting next to my TSLA stock"
• Robber comes to your house and puts your thumb in garden shears • Robber says "give me your bitcoin" • Say "call Larry Fink bro, it's in a brokerage sitting next to my TSLA stock"
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It also gives us all plausible deniability of direct ownership, without even using the ETF.
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The main robber you will likely have to worry about is the state. In an ETF you are handing your corn to them on a silver plate.
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