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You would think they would buy for themselves commensurately with client purchases so they wouldn't get into this situation. Maybe they try to and couldn't kee
by jjallen 9y ago
You would think they would buy for themselves commensurately with client purchases so they wouldn't get into this situation.
Maybe they try to and couldn't keep up? Would be fascinating how this stuff is managed behind the scenes.
- ceejayoz 9y agoThe recent speculation spikes have been pretty remarkable. I wouldn't be shocked if they occasionally exhaust hot wallets. I'd love to know what the process is - do they have coins in cold storage in the offices in safes? Bank vaults? Multi-person signatures?
- Klathmon 9y agoThey don't really talk about it, but I'd imagine it's multi-signature offline wallets that require a few people and an assload of physical security to spend.
- jjallen 9y agoYeah I can't wait to read books about this stuff in a few years, probably soon! Hopefully Brian Armstrong will write one.