It's exhausting to read the ignorance all the time. This time, I read Gensler's statement, “Now you can buy [Bitcoin] through this thing called an exchange-traded product that’s, well, centralized.”
Two things here, either...
(1) Gensler is flat out lying by saying buying the ETF is buying bitcoin. I think everyone here knows it is not...it's buying a receipt from someone else who owns the bitcoin and trusting they'll "pay you back" when you choose. But, due to Genslers own rule, they pay you back in fiat USD! You don't get paid in BTC so how can that be "buying Bitcoin?
(2) Or, he's clueless and doesn't know the difference.
Either way, how is it okay for the SEC head to spread such misinformation?
By the way, I realize bitcoin purists here are anti-ETF. Still, I love the ETFs and feel its uber-bullish going forward. I know an ETF is not owning bitcoin, but for what it is, it's great.
But, dang, the misinformation daily is exhausting.
#bitcoin #etf #plebchain
For-the-cause-me says, "Let's promote nostr loudly from every rooftop so as to build this thing up and out."
Selfish-me say, "Let's keep this gem to ourselves. Right now it's full of bitcoin and freedom lovers, let's not bring in the sheep on the 'socials' to pollute it with spew."
#grownostr #dontgrownostr
15 years and still...
Running bitcoin
Can you find the moment that Gary soiled his pants?
So, the SEC is out to protect we the people...pretty sure people lost money due to their inability to prevent their X/Twitter from getting hacked. Don't verify, trust (the SEC)!
#bitcoin
I love #bitcoin for a ton of reasons but the drama is absolutely amazing!
#ETF #SEC #hack
I had a TDAmeritrade account and had a couple of dividend stocks. Each quarter i get a small dividend, then when I remember, I'd use that cash to buy more shares of the stock.
Then Schwab took over TD and I decided I was overdue to login to Schwab and check things and buy more dividend shares. I was just about to buy, then it hit me...
The #bitcoin #ETF seems to be coming soon. Instead of buying stock shares, I could buy shares of the ETF instead. If I did it each quarter, it would basically be quarterly DCAing bitcoin.
Yes, I know it's not buying bitcoin and is custodial, but the alternatives are either (a) buying stock as id been doing or (b) moving small amounts of cash out of Schwab to an exchange and buying BTC...not practical. The ETF seems a great option to me in thus case.
nostr:note1qvxnvdfhvmv696p29l9hrtq40e7ms79makz5zcc47mjx5e8d46ns9xza55For perspective, the red arrow here points to the chart highlighted in that April 2013 graphic once zoomed out to max.
How ETFs work and how JPMorgan can make money...despite Jamie Dimon saying #bitcoin is bad (and his daughter owning bitcoin). Audio clip of about 3 minutes.
It's a date. Looks liked we've moved from expecting ETF approval to setting an expected date: January 10. That date already is part of #bitcoin lore as the day Hal Finney tweeted "Running bitcoin"
https://twitter.com/halfin/status/1110302988?lang=en
By the way, I'm kind of slowly participating in the Running bitcoin challenge. Between Jan 3 and 10 you're to run/walk/move 13.1k in support of ALS research. See https://runningbitcoin.us
ETF date article: https://ambcrypto.com/bitcoin-spot-etf-blackrock-expects-approval-on-this-date/
Evidently, Bitcoin Magazine suggested the SEC felt it necessary to put out a FOMO warning regarding a digital assets, i.e., #bitcoin ETF.
The ETF sounds imminent, but also makes me wonder two things, (1) Do they normally do this with a new ETF? And (2) What are they expecting to happen in order prompt them to put out such a notice?
https://twitter.com/BitcoinMagazine/status/1743659848175165823?t=s3kDrIkQrM1zyk9W2thiGw&s=19
My #Christmas lights are still up. This time of year I always feel a little self-conscious because I'm the only one in the neighborhood with lights still shining at night. That's the case now and it kind of stands out. The obvious question, "Why are your Christmas lights still up?
My wife pointed out to me years ago that, traditionally, Christmas lights are left up until Epiphany. A couple of fun facts:
Many folks likely know the word "epiphany" in a way such as, "I was stuck trying to come up with a solution to my problem, but then I had an epiphany and 'Voila!' I figured it out!" In this case, the solution was revealed to you. But religiously, Epiphany refers to events in the life of Jesus that were revealing. Particularly, it is the revealing of Jesus as God's son, the Messiah prophesied in the Old Testament of the Bible. It gets a little muddled from there because there are different events in Christ's life that are "celebrated" with Epiphany: Jesus's circumcision (showing he was a human under God's law), the visit by three wise men (where non-Jews acknowledged him), Jesus's baptism in the Jordan river (where each part of the Trinity were present), or the wedding at Cana (where Jesus performed his first miracle to kick off his ministry). In each of these instances, the revealing epiphany or realization is the message: Jesus is God in human form.
Most people have heard of the Twelve Days of Christmas and the song (which I find kind of annoying and a bit weird). But, the twelve days of Christmas are the twelve days from Christmas day to Epiphany (January 6). Count them out: Dec. 25, 26, 27, 28, 29, 30, 31, Jan. 1, 2, 3, 4, 5. That's twelve. January 6 gets its own special denomination as Epiphany day. So, technically, we're still in the Christmas season. Keep eating those cookies!
Epiphany doesn't seem to get a whole lot of recognition, maybe that's why no other lights are up around the neighborhood. But, I do know that it's a big thing with the Greek Orthodox church. For instance, I know there is a big celebration in Tarpon Springs, Florida that's really neat in a lot of ways. There, on January 6, the entire town essentially shuts down. The Greek community (Tarpon Springs has deep Greek roots...Greek people migrated to the town to dive in the waters for natural sponges) has religious services, then a festival on Jan. 6. The highlight of the festival is when young men (teenage guys), "dive" into the water in the local bayou. A priest tosses a cross into the water, the young men race to retrieve it, and the boy who fetches it is supposed to be blessed. The other boys hoist him on their shoulders and they parade through town. Then the food and music begins. (The food is amazing.) It's really a neat tradition.
So, my lights are still up and then they'll come down tomorrow. 😀
You know you're back in the fiat mines after the holidays when 2/3 of the way to work you realize you forgot your keys to get into the building...turn, go home, get 'em. By "you" I mean "me" today.
It's all good though, I bicycle to work so I just got some extra exercise and extra time listening to bitcoin podcasts on fountain.fm Promoted pods seem back by the way which was an extra bonus.
Happy 15
A decade and a 1/2 and still going strong,
Thank you, Satoshi.
Computers and coding have a unique way of presenting error messages that tell you nothing, or at least a unique way to phrase things. This one today was an exercise in redundancy.
#bitcoin is up 7% for the year 2024.
What Gen Z thinks about #bitcoin. Spoiler: bad news, they're kind of meh. Good news, if and when these kids get it, they can get it fast. Good news #2, it's still early.
https://bitcoinmagazine.com/culture/what-gen-z-thinks-about-bitcoin
Anyone interested in #AI I shared some thoughts yesterday. You might like a look see. Talk about AI, drones, dogs, bitcoin, Portuguese man o' wars, and slime molds.
https://peakd.com/ai/@crrdlx/ai-man-o-war-welcome-to-the-aimow
Happy 123123 #plebchain