fillippone on Nostr: Regarding depegs, the BTCE fund, backed by physical bitcoins, has depegged from its ...
Regarding depegs, the BTCE fund, backed by physical bitcoins, has depegged from its intrinsic value. You could theoretically buy that, then ask to convert to bitcoin and receive more corn. A lot of details and friction in the process, but clearly a signal of a crack in the plumbing of TradFi's approach to cryptos.
Published at
2023-03-13 10:24:43Event JSON
{
"id": "a22fa885f6d1d15c731bbc4202a6fcb6557ceccf617424aed921df374ca00e74",
"pubkey": "8ed150f8a138ebee0faf7bd859847af0abc97a74f85c6d081d9de3dcb31085c9",
"created_at": 1678703083,
"kind": 1,
"tags": [],
"content": "Regarding depegs, the BTCE fund, backed by physical bitcoins, has depegged from its intrinsic value. You could theoretically buy that, then ask to convert to bitcoin and receive more corn. A lot of details and friction in the process, but clearly a signal of a crack in the plumbing of TradFi's approach to cryptos.",
"sig": "5015411d2a60f447e08bfae2de97ba310c7e816913c0a62e2f021f512e967bade639f1d08ba26d686b32028f08c8dc1e34771f9c7cd263a552af3529dc535dd2"
}
