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93 sats \ 4 replies \ @kepford 19 Feb \ parent \ on: MicroStrategy has cut 20% of its workforce as its bitcoin buying multiplies Stacker_Stocks
I am not going to pretend to disagree with you but it is possible he knows something we do not about Coinbase. Basically that they would do a better job securing it than his company. That's my guess at least.
I agree, he definitely knows something that we don't, but that's still a lot of trust.
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Totally, but when its a company handling bitcoin you will have to trust someone. At a corporate level and even more so at a public company there are factors I suspect we aren't considering. But yeah, its a lot of trust. But if they did their own custody it would be just as much trust placed in a different set of people.
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I suppose you're right. There's no real way around it. I'm assuming there's been a lot of face to face meetings between Saylor and coinbase. It's just shocking that as a "bitcoin company" they haven't innovated their own storage protocols.
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