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Screenshot from the Blackrock filing posted by nostr:npub14hn6p34vegy4ckeklz8jq93mendym9asw8z2ej87x2wuwf8werasc6a32x on the bluebird.

Pay attention, this is the US Government’s setup.

BITwise 🐳 >>= RIGHTish 2y ago

Plausible scenario:

1. Fed buys Bitcoin. They use this to attack Bitcoin by spamming the mempool or whatever. Use ordinals as a scapegoat. The fed's goal is to instigate a "problem".

2. Blackrock Bitcoin ETF gets accepted

3. Fednow is implemented. Banks are now connected via CBDC-I (interbank fork, technically not a "CBDC").

4. Fed quietly forks Bitcoin. This fork is modified to be CBDC and uses the interbank (lightning) network as nodes (CBDC-I rebrands to CBDC-LN to hide their tracks). Welcome to the world, Bitcoin-CB.

5. Blackrock, the "sponsor"... (see nostr:npub10jnx6stxk9h4fgtgdqv3hgwx8p4fwe3y73357wykmxm8gz3c3j3sjlvcrd l note below) quietly declares Bitcoin-CB the real Bitcoin

6. CBDC conversion & infinate trace begins.

#conspiracytheory #conspiracy

nostr:nevent1qqsf65y04wugeqxf3ym4r9sm2hkc8uffduw080lzsm5kjp3524epthgprfmhxue69uhkummnw3ezuurvv43xx6rpd9hzummjvuhsygru5ek5ze43da22z6rgryd6r33cd2tkvf85vd8n39keke6q5wyv5vpsgqqqqqqsn4rm3p

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Discussion

Allamex 2y ago

After a hard fork an equal number of the new coins that you own would be distributed to Bitcoiners. We would obviously dump and jack up the price of the real Bitcoin by moving massive quantities of money from their fake bitcoin to the real one.

BITwise 🐳 >>= RIGHTish 2y ago

That only matters when the hard fork is done fairly. There is no intention for the forked token to be used long term. The hard fork is simply a farce in order for Blackrock to comply contractually and maintain plausible deniability to swap to a fed controlled chain. Theres nowhere to dump - it's not like they would list the forked token on exchange. Once swapped over, the Fed can simply alter the rules with a soft fork and entirely replace the forked bitcoinnwith CBDC. Then they simply reissue new CBDC tokens under their own rules only to approved addresses, federated by the interbank system. Remember this is a CBDC, they have full control.

Allamex 2y ago

We will see if they can pull that off. Most in Bitcoin are ready for stuff like this and won’t update nodes to new rules.

BITwise 🐳 >>= RIGHTish 2y ago

Hopefully they bungle this like they do most things.

And I agree, real bitcoin nodes won't swap over. In fact, they might not even know it was forked. Fed is incentivised to keep the fork relatively quiet. It probably won't have the longest chain, but thats not the play anyways. The primary objective is not to convert bitcoiners nor to co-opt bitcoin directly.

I believe the aim is to convert fiat usd into cbdc and migrate the American population over without a fight. CBDC allows totalitarian monetary control and a convenient reset button on the "value" of USD in the face of "a declining usd foreign dominance". CBDC becomes the fed's (trojan) white knight.

Gold standard ➡️ Fiat/Debt standard ➡️ CBDC standard

Brisket 2y ago

Sounds highly unlikely to me - there are better & easier ways to achieve the same outcome.

Anyone could fork bitcoin right now & proclaim it as the real bitcoin. I don't understand why you'd go to the trouble of creating an ETF & then defrauding holders of their actual bitcoin.

It sounds too me like the lawyers who drafted the T&Cs don't understand Bitcoin. I generally presume incompetence rather than malevolence.

BITwise 🐳 >>= RIGHTish 2y ago

I hope you're right.

I don't claim it to be the most likely scenario, simply a plausible one.