asciilifeform: $ticker btc usd
busybot: Current BTC price in USD: $39988.26
signpost[asciilifeform]: asciilifeform: https://twitter.com/BitwiseInvest/status/1750224060620111912 << one of the recent ETF launchers has published the address at which they store the corn.
signpost[asciilifeform]: not superior to self-custody, but if this becomes the standard between the address balance and the traditional finance side disclosures, one should be able to tell whether somebody's operating a fractional reserve scam.
signpost[asciilifeform]: fuckers are even using a traditional 1-addy
asciilifeform: signpost: how does $user know what their net allocation sum is, tho ?
asciilifeform: the pile of coin may be visible, but the set of open claims on it -- aint
asciilifeform: at the risk of pedantry, it also aint incontrovertibly obvious, from asciilifeform's perch, who exactly controls the addr
asciilifeform: ( the named party could simply be 'standing in front of it', like reptilia (rip) stood in front of that bentley in helsinki )
dulapbot: (asciilifeform) 2021-08-03 punkman: another one for the pile of bodies: Risto Pietila. apparently died in car accident last year.
asciilifeform: etf afaik effectively reduces to a gox where you can't withdraw coin (but can only sell to other users of same gox)
asciilifeform: afaik can't deposit, either
asciilifeform: i.e. 'boiler room'
asciilifeform: the coin per se may be present as claimed, but the only thing it can 'do' is to eventually be stolen (in addition to the fact that 'your' paper stake can also be 're-ownered' at any time, on orders from a usg official or similar)
asciilifeform: http://logs.bitdash.io/pest/2024-01-24#1031922 << meant here to say : 'bucket shop'. apologies if perplexed reader.
bitbot[asciilifeform]: Logged on 2024-01-24 17:10:55 asciilifeform[jonsykkel|signpost|billymg]: i.e. 'boiler room'