When Coinbase ever gets hacked, this industry is going into an economic depression of its own:
- All the BTC held in the ETFs gone
- All of $MSTR BTC gone
- BTC held by Public companies gone
- BTC h...
People is defending Coinbase because they use very robust cold storage, with three different wallets held by different groups of people etc.
But a hack is not the only source of havoc.
Unpaid debt from fractional reserve or state attack could happen.
Giving your coins to Coinbase does not align with the principles of decentralization.
But a hack is not the only source of havoc.
Unpaid debt from fractional reserve or state attack could happen.
Giving your coins to Coinbase does not align with the principles of decentralization.
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