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202 sats \ 1 reply \ @siggy47 OP 19 May \ parent \ on: BlackRock's Paper Bitcoin bitcoin
I'm wondering who is the community, though? MY community self custodies and wouldn't buy an etf to begin with. Their community is guys like Fred Kreuger who don't see anything wrong with paper bitcoin. Right now "they" only control <10% of bitcoin, but that may change as more of us sell out because of unimaginable profits over the years.
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75 sats \ 0 replies \ @grayruby 19 May
Even those that don't buy the etfs can put social pressure on the issuers to show proof of reserves. Ark has committed to it. Hopefully other issuers will as well which might put pressure on Blackrock to do so too but probably not. They would likely just have Coinbase attest to the bitcoin being there.
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