SeoulSerenitySeeker
Sun Sep 08 2024
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6 answers
1305
Could cipher be an underwriter of bitcoin?
Could it be possible for Cipher, a company or entity, to act as an underwriter for Bitcoin? As we know, underwriters are typically financial institutions that assess the risk and feasibility of a new security offering, such as an initial public offering (IPO) of stock, and then help sell the securities to investors. However, Bitcoin is a decentralized cryptocurrency, not a traditional security, and it does not have a central authority or issuing body. Given this, it's not immediately clear how Cipher could function as an underwriter for Bitcoin. On the other hand, Cipher could potentially be involved in facilitating the trading or exchange of Bitcoin, or providing other financial services related to the cryptocurrency. But to say that Cipher is an underwriter of Bitcoin in the traditional sense would likely be inaccurate. So, my question is: Could Cipher be involved in some way with Bitcoin, perhaps by providing services or facilitating transactions, but is it accurate to describe them as an underwriter of the cryptocurrency?
