The trust as it is set up apparently has no legal obligation to redeem to anyone, even the authorized participants. Which means buying bitcoin through the trust is just giving your fiat to BlackRock, so that BlackRock can buy bitcoin, give you some “shares” which they don’t have to redeem for anything. They take your money, and THEY own the Bitcoin outright. You can’t even sure them.
It’s the same shit agreement they have with everyone’s retirement in a sense. They take all your retirement money and buy stock, but they take all of the voting rights. So we hand over all of our retirements and they suddenly have decision making power over practically every company in the economy to direct against our own interests.
This will result in a huge price explosion, but this is fucking shit for Bitcoin and bitcoiners.
Cursing is a sign that you need to work on your vocabulary. Or that you may be a spoook…
Or maybe its an indication I worked construction for 12 years of my life?
Maybe it’s an indication we don’t give a fuck? Lol
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💪You’re a legend in this world, so I will allow it…
Jk
I’m just being a little pious. I cuss from time to time also. It’s all good!
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Why do you feel superior because you don’t use certain sounds that’s someone somewhere at some point in time that no one knows decides they were “bad” words?
You get my drift though, right? I’ve heard that saying my whole life. I’ve wasted time trying to figure out who and when decided that these words were bad. The Christians point to the Bible but the only thing it specifically says is bad is using the Lord’s name in vain, which really only matters to you if you are a Christian. Others stutter and stumble and finally spit out “well they always have been” as though English has always been language since humanity existed and it’s not just some random noises linked together that we use to communicate. Used to get told all the time that “ain’t” and “y’all” weren’t words so I shouldn’t use them, but hell even the Yankees are using “y’all” now so I’m pretty sure it’s a word just like any other. In general, people who assume those of us that use certain words are somehow lacking in vocabulary end up being pretentious pricks (not saying you are per se that’s just been my past experience with those offended by my choice of words).
Not that intelligent after all!!!
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Difference is them holding tons of others' Bitcoin doesn't give them any more say over the Bitcoin network, which is nice.
Very true. If Bitcoin were proof of stake we'd be fucked. (obviously)
This is just a means of roping people into a giant scam and trapping the legacy financial system's internal piping inside its apparatus without the average person having any understanding of what is happening.
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