> What about the man hours behind Coinbase? ProShares Bitcoin ETF? Etc. etc. "Etc. etc." being how much? There aren't that many crypto exchanges. They don't ha

> What about the man hours behind Coinbase? ProShares Bitcoin ETF? Etc. etc. "Etc. etc." being how much? There aren't that many crypto exchanges. They don't have personnel in any way comparable in size to that of traditional finances. Also they're not part of bitcoin. It can operate without them. Centralized exchanges are actually part of traditional finance. Two last paragraphs in your comment are completely out of context, but how is owning a private key for a wallet any different than owning and managing a password for your account on an exchange?