sms on Nostr: Great clarification, by institutions I’m talking more of those pushing paper ...

Great clarification, by institutions I’m talking more of those pushing paper bitcoin than those stacking themselves.

However, the ones who do stack themselves might inadvertently be stacking paper bitcoin by proxy depending on who they custody with and if that custodian is the same third party/exchange we worry about.

This ought to be verifiable on chain, but this isn’t always the case. In scenarios where this isn’t the case, you run the risk of paper bitcoin.

I do like your decentralized pricing method though. I haven’t thought about that route often, rabbit hole time 😂