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11 sats \ 3 replies \ @notgeld 3 Apr \ parent \ on: Coinbase Selects Lightspark for Lightning bitcoin
Bitcoin bank in EU offshore jurisdiction.
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1 sat \ 2 replies \ @xz 3 Apr
Think this is important to recognize.
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0 sats \ 1 reply \ @notgeld 3 Apr
Yes. I think bitcoin banks are important but probably nany states should sink first for them to be able to make difference.
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0 sats \ 0 replies \ @xz 3 Apr
I actually don't know much about this bank.
Had me thinking about one that was located in Gibraltar and offering custodial solutions to accredited investors. I see the same problem with gold investment vehicles, which seems to be the exact analogue to how 'investors' trust the institution, the regulation, and it tracks the price of the underlying asset. The smaller the investor, the less the likelihood to take physical ownership, as with ownership of keys.
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