Tortuga on Nostr: The bitcoin on the books already doesn’t match the on chain data. Settlement all ...
The bitcoin on the books already doesn’t match the on chain data. Settlement all happens in cash which can paper over the lack of bitcoin.
Everyone doubts it’s happening but everyone doubted FTX was insolvent as well.
The only solution is for people to store their coins in cold storage to make the data obvious to even the biggest excusers.
Published at
2024-09-14 19:09:38Event JSON
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"content": "The bitcoin on the books already doesn’t match the on chain data. Settlement all happens in cash which can paper over the lack of bitcoin. \n\nEveryone doubts it’s happening but everyone doubted FTX was insolvent as well.\n\nThe only solution is for people to store their coins in cold storage to make the data obvious to even the biggest excusers.",
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