npub17k…r9wn4 on Nostr: Not wrong, but as that happens the ETFs will face the temptation to fractionally ...

Not wrong, but as that happens the ETFs will face the temptation to fractionally reserve and the millionaires who want a dozen bitcoin each will all but demand it.

Almost none of these millionaires will have any interest in self custody, any will demand legally fractionally reserved ETF coin with the maximum amount of government regulations.

And this will dampen the effect of ngu for the rest of us.