twentyone on Nostr: I would think that strategy would reduce the risk. Like custody of the spot bitcoin ...
I would think that strategy would reduce the risk. Like custody of the spot bitcoin ETF to likely Coinbase, it’s possible a division of Coinbase or another custody company could provide this type of management service. I’m a true believer of self custody but understand that’s not suitable for all situations. Coinbase being the primary custodian of most of the spot bitcoin ETF firms is another significant honeypot concern. Diversification of custody for the spot bitcoin ETF firms and the Lightning node idea would be good practice in general.
Published at
2023-08-06 19:03:24Event JSON
{
"id": "f03efe742759a99a2f4cdaa4e573326a1da953806693e46a605bb7daf3075aeb",
"pubkey": "08b328b57a07e86108d7afd05ca1445ac6aa0a095d6154cb2f4347bdeabbdb99",
"created_at": 1691348604,
"kind": 1,
"tags": [
[
"e",
"dbfb2bd19a77c20603a12b0c70f1740464fb09b79433a7ef475b14cd2058634b"
],
[
"e",
"ff3b5595d41bb13dbe40c4f217b93958b1805fbc7467d6bf2863f18605504fd1"
],
[
"p",
"85080d3bad70ccdcd7f74c29a44f55bb85cbcd3dd0cbb957da1d215bdb931204"
],
[
"p",
"7f5c2b4e48a0e9feca63a46b13cdb82489f4020398d60a2070a968caa818d75d"
],
[
"p",
"fec1f0c9faa7a528657ebae885548e5090dda04d2089c19fb81565bc25ee63f5"
]
],
"content": "I would think that strategy would reduce the risk. Like custody of the spot bitcoin ETF to likely Coinbase, it’s possible a division of Coinbase or another custody company could provide this type of management service. I’m a true believer of self custody but understand that’s not suitable for all situations. Coinbase being the primary custodian of most of the spot bitcoin ETF firms is another significant honeypot concern. Diversification of custody for the spot bitcoin ETF firms and the Lightning node idea would be good practice in general.",
"sig": "8032334965216b18f1393d24f630443a84ca354c6947f86d6a9cf987b24d817ecc066ab2695671ea55ca4d687112b6b5314d339452c83c9596e8b8fd00eaad04"
}
