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648 sats
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2 replies
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@bitcoin_rationalist
7 Nov 2023
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on: Some thoughts on the game theory that results from btc wealth
bitcoin
• 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"
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@okpj
7 Nov 2023
It also gives us all plausible deniability of direct ownership, without even using the ETF.
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@clr
8 Nov 2023
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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• 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"