It’s ambiguous at best.
They wont (or cant) prove they hold the bitcoin.
Fact is they dont need to own it. They only need to own it when a customer sells it.
This allows them to game the system.
Are they?
They say they’re not.
If that’s good enough for you, okay but its not remotely believable to me.
I come from this business and if you provide an incentive to cheat, they will.
telluride / Telluride
npub193…xny6k
2024-09-17 14:59:13
in reply to nevent1q…kwce
Author Public Key
npub193jegpe9h0csh7al22mkcstqva2ygyny7ura8kwvrn4tsmtnl4lsrxny6kSeen on
wss://relay.damus.ioPublished at
2024-09-17 14:59:13Event JSON
{
"id": "b0e4dadf65a6e2534425f124278776397fa900c54a4cc1dbd92d2a6d320c14d2",
"pubkey": "2c65940725bbf10bfbbf52b76c41606754441264f707d3d9cc1ceab86d73fd7f",
"created_at": 1726585153,
"kind": 1,
"tags": [
[
"e",
"63d3b97f9b4db527795cd5edbafcd7dcc3bde2f8923d64377a89fc7f8a3a8108",
"",
"root"
],
[
"e",
"26c589192f5239e29c0148cdb4b9d8fceb6f114a8398168857e7ee10588b9b24",
"wss://relay.damus.io",
"reply"
],
[
"p",
"5dff2cb96938d10b18e453a9f435ab2345cf4c06d6d97704ba6f0f04ea07ed62"
]
],
"content": "It’s ambiguous at best. \nThey wont (or cant) prove they hold the bitcoin. \nFact is they dont need to own it. They only need to own it when a customer sells it. \nThis allows them to game the system.\nAre they? \nThey say they’re not. \nIf that’s good enough for you, okay but its not remotely believable to me. \nI come from this business and if you provide an incentive to cheat, they will.",
"sig": "eb90d4f966c87e9c5cc719f2db373f84a4946a46857a683180c24ea7d260c65afbd5a642e516749fcd35a7d475910da80d1846ac98a29da05722c5f15c8fb5cd"
}