It has also been a fallacy to think that, unlike the price o...

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nevent

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Kind-1 (TextNote)

2026-03-15T08:55:32Z

↳ 回复 𝕞ptf (npub1zsyt45zfh2u28zuhvp66lljp8s6jrwlw7ckvfn34255e7jt37t9qx0xwsm)

Yes, but they cant let you verify how much they hold which is why Gold doesnt punish them the same as a Bitcoin standard would. If Fort Knox was veri...

It has also been a fallacy to think that, unlike the price of gold—which is underpinned by unverifiable reserves—the price of Bitcoin could not be manipulated.

That doesn’t matter; right now, in the ETF markets, market makers can create more contracts than there are actual assets backing them and redeem them without having to buy any Bitcoin—in other words, by creating ‘paper’ Bitcoin.

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