Why @Grayscale is unlikely to be a scam, despite the FUD revolving CT:
1. There is SEC supervision and audits every quarter. The audit of #Grayscale is way too simple, hence difficult to fake.
1. There is SEC supervision and audits every quarter. The audit of #Grayscale is way too simple, hence difficult to fake.
2. The probability of #Coinbase cooperating with fraud and presenting a false asset certificate to #Grayscale is very low.
3. If #Grayscale is fraudulent, #Coinbase should have the obligation to actively disclose or report directly to the regulatory agency at this time, otherwise it will be in default.
Even if #Grayscale doesn't have the supposed 633.5K #BTC in its reserve, here's the potential upside:
1. It means the missing BTC is back in circulation in other people's hands
2. >3% of BTC supply won't be in the hands of 1 entity
3. BTC will be more decentralized.
1. It means the missing BTC is back in circulation in other people's hands
2. >3% of BTC supply won't be in the hands of 1 entity
3. BTC will be more decentralized.
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