Quote from: Moreno233 on July 10, 2025, 08:35:56 AM

This post is an expression of genuine concern but it turn out to sound like soft fud. Why will you even worry about the safety of the funds under ETF, companies that probably have insurance coverage. They will protect their funds just like banks do and it is even a top priority for them since they will have to prove the SEC wrong in their apprehension. I do not think the companies that have ETF do no know what to do, they are constantly adapting to the best security measures that is available because they understand the consequence of a security breach in their system.

There’s actually no insurance coverage for ETFs. The share value is simply tied to the price of the underlying asset. So if Bitcoin ever drops to zero, investors would just lose everything.

In that case, though, trust in the SEC itself would be severely damaged too

Quote from: TravelMug on July 11, 2025, 09:13:59 AM

Quote from: Moreno233 on July 10, 2025, 08:35:56 AM

And from what we gather, yeah it could be a potential threat, but not everyone can hold their hands on QC and this super computer might be just used by few in the universities or just in the academe. And who would have thought of it to be cracking the algo of Bitcoin when it could have been spent on other more important things. So sorry to burst the bubble to the OP, I guess we will just crossed the bridge when we get there.

With all due respect, you’re describing an ideal scenario — but in reality, things usually play out very differently. For example, there have already been cases where supercomputers were secretly used for crypto mining. And not just once.

I’m surprised this news didn’t cross your radar. So given these facts, what kind of control are we really talking about here? Especially in an academic environment?