bitcoin4all on Nostr: Ok, so let me get this straight. wBTC is Bitcoin not that you don’t own, but it’s ...

Ok, so let me get this straight. wBTC is Bitcoin not that you don’t own, but it’s off the market and no one else can own either because it’s held some 3rd party on etherium?

I feel like Bitcoiners should be cheering this on. There is $47M less Bitcoin on the market but they still own zero.

But I’m just a retard so I could be very wrong about this.