Nostr Web Client

for six months

wallstreet and conbase

trade otc

which is outside of the btc market

this way no one knows what they are doing. it has no influence on the general market. no one knows WHAT those etfs are buying. btc or paper btc or options on btc. it could be anything.

on top of that btc futures are traded on the cme. futures are rights to sell or buy assets in the future, just like options but riskier. in order to sell futures, you do not even need to own the asset. furthermore they do hypothecation and rehypothecation with IOUs. in short it means lending and lending again. it forms a huge bubble of rights and liabilities, same as in 2008 it is supposed to burst.

i never understood why those btc influencers rejoiced when btc etfs were announced.

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Discussion

MonkeyRidesBike 1y ago

In hopes of pumping their bags I suppose, it looked as a slap in the face to what I thought the coreprinciples of bitcoin were supposed to be

shortwavesurfer2009 1y ago

That's because it was a slap in the face for what Bitcoin was supposed to be. You are not wrong. They are. That's why the people who truly believe in what Bitcoin used to be, now use Monero

MonkeyRidesBike 1y ago

Will do my due diligence looking into Monero today, I'm unfamiliar with it

shortwavesurfer2009 1y ago

Post a wallet address and I will send you a small tip.

MonkeyRidesBike 1y ago

I'll have to look into before I'm comfortable posting address, I'm coming into this with almost no knowledge

shortwavesurfer2009 1y ago

Well, see, that's the great thing. If you post an address for Monero, it doesn't matter because of the functionality Monero has to hide the sender, the receiver, and the amount received or sent.

MonkeyRidesBike 1y ago

Saberhagen The Nameless 1y ago

You can't see amounts and addresses on-chain

Monero stealth addresses make it so every Monero user is equally likely to have been the receiver

It also uses pedersen commitments so its amount privacy is quantum computer proof

Addresses are also quantum computer proof *if* an adversary doesn't have access to the original address - meaning if you privately DM shortwave your Monero address on something like SimpleX (which uses quantum-resistant encryption), mail them it, or show them your address in person, that is also safe from an extreme scenario like quantum computers.

That's why it's so great. Don't take my word for it though. I encourage you to fact check me on all this.

dr.fred 1y ago

86HfDQFnvsNjHwQP2rbkuvP7HRqsfzpa7L9zzroHnxySUbQGM1GqU48Fay8erE33PuZLGyxmrdd8G3gx9WoK3C3z82E1R8s

shortwavesurfer2009 1y ago

now now, you are not nostr:npub12yfv6csdkdktglkqldhmg934290m9agt7q8q649a2t8qm43ra3ys0k2656. nice try tho.

shortwavesurfer2009 1y ago

i suggest Monero.com as a mobile wallet. When you inevitably look into it and find that it's absolutely amazing, please post an address and I will send you a small tip to get you started with.

5804fcd2... 1y ago

wash trading was an obvious play, the question is if they will manage to keep the price low, perhaps, they have managed to keep gold price controlled and that is a $10 trillion behemoth, so perhaps the bullish influencers and cult toxic maxis are doing more harm than good to those in Bitcoin using it as a store of value and not as an alternative for freedom and separation of money and state. Time will say, either way is better investment than most of the alternatives out there. #97%79#