Chris Liss on Nostr: No doubt, there are different details with respect to the nature of counterparty ...
No doubt, there are different details with respect to the nature of counterparty risk. But if you’re removing a bitcoin from the supply to own the IOU, it’s real IMO. If they’re FTXing it though, and rehypotheticating then that’s a different story.
If someone goes in big with $47M and removes coins from supply, that’s real to me, poor choice of custodian notwithstanding.
Published at
2025-01-21 19:09:05Event JSON
{
"id": "3959aa28b9d5423aaac9de43e9835111716446fc38946bfd7e1e71c0017f554c",
"pubkey": "6ad3e2a34818b153c81f48c58f44e5199e7b4fc8dbe37810a000dce3c90b7740",
"created_at": 1737486545,
"kind": 1,
"tags": [
[
"e",
"3103d02c40c459b1042ab01de49b6e2f5ed7904eda357c24ca99611d0788c03c",
"",
"root"
],
[
"e",
"e761a3ef3cd7c58825836c55616d77c9f08c5fd412007beda47145037c3297b8",
"",
"reply"
],
[
"p",
"8e27ffb5c9bb8cdd0131ade6efa49d56d401b5424d9fdf9a63e074d527b0715c"
],
[
"p",
"6ad3e2a34818b153c81f48c58f44e5199e7b4fc8dbe37810a000dce3c90b7740"
],
[
"client",
"Nostur",
"31990:9be0be0fc079548233231614e4e1efc9f28b0db398011efeecf05fe570e5dd33:1685868693432"
]
],
"content": "\u0010No doubt, there are different details with respect to the nature of counterparty risk. But if you’re removing a bitcoin from the supply to own the IOU, it’s real IMO. If they’re FTXing it though, and rehypotheticating then that’s a different story. \n\nIf someone goes in big with $47M and removes coins from supply, that’s real to me, poor choice of custodian notwithstanding. ",
"sig": "e91ca813d34154e861c4f284b2f51e3ed9dabdaf5e2a7b7f948cab87ec21064ea4e6b26a77a965eea9b239e205b3366a1bb9440b3b518a72a8f81ddd95e66a26"
}
