Yes the exchanges are certainly doling out more "bitcoin" than they have. Some are going to be stuck holding the ball on that one.
The bankers getting a hold of a coinbase is certainly something to watch. Although with blockchain, you can always verify the number of tokens out there. The fraud is harder to pull of when an open accounting can take place at any time.
People will have to keep learning the hard way not your keys, not your coins.
Posted via Steemleo