21 sats \ 6 replies \ @kepford OP 11 Jan \ parent \ on: ETFs are just a custodial layer 2 bitcoin
Well aware. What is your point? That the state could confiscate this paper bitcoin? Of course they could. They could do this to Coinbase as well.
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0 sats \ 5 replies \ @Lux 11 Jan
The point is that neither exchanges are layer 2's. Recently Liquid and Tether are called layer 2, it just rubs me the wrong way, because it's not true.
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0 sats \ 4 replies \ @kepford OP 11 Jan
In your opinion what is a layer?
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10 sats \ 3 replies \ @Lux 11 Jan
Anything built upon the base layer, the timechain, that facilitates Bitcoins function, respecting the consensus and purpose Peer to peer electronic cash system
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21 sats \ 2 replies \ @kepford OP 11 Jan
Yeah, I see what you are saying... I am updating my thinking. May write a retraction lol.
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33 sats \ 1 reply \ @Lux 11 Jan
I'm glad I can be of help, no hard feelings
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0 sats \ 0 replies \ @kepford OP 11 Jan
Of course.
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