iris

I logically agree with you when you say if it locks bitcoin up, regardless of custodian, then it's [representing] real bitcoin. That's assuming it's actually truly locking up bitcoin. Big big BIG (and dangerous) assumption though. But even suspending disbelief and trusting that it is... it's a bit like a blood diamond. Yeah it's a diamond but what did it take to produce? And worse yet what is it being used for? To scam more fools. Perpetrated by the first family no less.
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