If the FBI can be trusted to give a warning...
reply
I suspect deepstate are pre-suading. The FBI will actually take the ETF bitcoin, blames it on NK hackers and then run stories trying to fork bitcoin to reverse the transaction, like the situation in the etherium DAO hack created ETC except the new coin will get the bitcoin name. This way they can semi-capture either fork, the one where they give the ETFs their money back (blackmailing the people), or the one where they have a bunch of coins. ... not obvious?
reply
21 sats \ 0 replies \ @jgbtc 4 Sep
I'll only believe it if 100 security chiefs pinky swear it's the truth.
reply
65 sats \ 1 reply \ @kepford 4 Sep
My immediate reaction is... good. Not because I like NK or hate the ETFs. But because this will be a good test... if it is actually happening. As they target custodians they will be tested and hopefully if they fail, they will learn. When money is on the line it real.
I imagine Coinbase and the ETFs have serious insurance too...
Grab the popcorn guys.
reply
Hackers from North Korea... this is the domain of NSA not FBI?
reply
Can this be open sourced and boosted to the max please? ;-)
reply
Not your keys, North Korean hackers coins.
reply
21 sats \ 1 reply \ @SatsMate 4 Sep
If they do steal the bitcoin, who is the bag holder then?
reply
well if you hold paper bitcoin "backed" by bitcoin and that bitcoin is gone...i"d say you're just holding paper.
reply
lol, whether it's for real or FBI fake news, NYKNYC ETF-tards
reply
let them eat fiat
reply
lmao
reply
It’s a little insane when you think about all that bitcoin, publicly disclosed, being custodied by one entity. I’m sure they have their security measures, but one single point of failure preventing utter disaster for millions of people just seems so wild to me.
ETFS or not, with this massive custodians, we are bound to see some crazy shit in the future.
Popcorn.
reply
yeah crazy they aren't allowed to do multiple signature custody
reply
wait wut. got a source on where they said they cant have multisig on coinbase custody?
reply
i meant multi custodian multisig like a combo of coinbase and bitgo and gemini
reply
Onramp is doing something like that.
I wrote a post about them a while back: #565332
reply
0 sats \ 0 replies \ @OT 3 Sep
So coinbase?
reply