😂 I love it, pricing it in $1M. We need to normalize this!

I listened just the other day, and quite enjoyed the discussion.

To be fair it's not just progressive people, it's everyone in a sense. The root cause is that people like to moralize what others choose to do with their money. Sometimes this is justified of course when how one chooses to use their money actively harms or exploits others - which is likely what is seen with Bitcoin for the aforementioned group of people. Keep fighting the good fight to educate these people on Bitcoin's benefits!

I find the logic (I know it's not the right word in this case) of traders. There were two scenarios:

1) SEC Approves: sell the news!

2) SEC Rejects/Delays: sell!

Like, completely binary inputs with the same outputs.

Agreed. "Likes" are nice, but there's something so much more rewarding by getting a zap, even though it's often only fractions of a penny in today's dollars. The fact the zapper connecting their appreciation in real world, skin-in-the-game terms makes it so much better.

I mean, you couldn't even ask for a better allegory here - many Bitcoiners have been screaming for years about the depths of government incompetence and/or corruption and this is a perfect example.

SEC:

#m=image%2Fjpeg&dim=500x500&blurhash=UUP6BQ00ow%3F%5EX7R%2BNJNbnijIRmRly9o%5Bj%40a%7D&x=13b025b7d393813a83f6e24ba0e3351fb8ce04679f86f0ee0943a008bef04815

Is this not just a consequence of BTC dipping with respect to USD - ETH/USD likely flat, right?

I think it's just one of those irrational self fulfilling prophecy things - there's no rational reason for one to do this, I think everyone who sells does so in expectation that everyone else will, hence the self fulfilling prophecy. I expect a small short dip on approval followed by a steady trend up as investors start to pile in on the ETF.

The real danger in equating words with violence is that it becomes easy to justify actual violence in response to words one doesn't like.

This is absolutely inspiring, and is so helpful in onboarding people that are skeptical and see Bitcoin as purely "something to do with money".

My 14 yo son's default notification sound on his phone is the short bridge from Weezer's Buddy Holly (the part after the "that's for all time" x2) so I think I'm permanently going to have that song stuck in my head.

Not complaining, even after almost 30 years still a wicked tune.

I never heard of this trading platform either, but my first reaction to this was: meh, gives us a mini dip to get more coin at a discount.

This needed a meme...

#m=image%2Fjpeg&dim=700x420&blurhash=iNE.%7CU4oIooLskE2R%25%252NGjZt6NHt7xaRkazxaj%5B%7EqoyM%7BayRjt6Rja%23oJkDofxZRkR*t6ayWCofx%5Dt6RjofWBj%5BWBazoe&x=65ad4569b1b7fc62e66cd294764784744a8c285b2b2fc4384afef556868687fb

They're in Calgary, correct? I'll be there for a conference in February, will have to check them out.

BiTcOiN Is a bAd iNvEsTmEnT BeCaUsE It's vOlAtIlE

Yeah and what also annoys me is when I go to find out what he said, none of the news outlets will actually quote him with the full context so I can decide for myself. Instead they'll just tiptoe around it and try to tell me what I should think.

I have mixed feelings about BTC ETFs in general - sure they're going to likely make NGU, but at the same time I worry that it just becomes a hoarded asset, and that hinders it's long term path to monetization. On the other hand, maybe it's this hoarding that turns it into the reserve in the same way gold was.

I'll zap you on the other one, this post has 420 and I don't want to break that.

I think my favorite is one by JP Morgan:

"A man has two reasons for doing a thing: a good reason and the real reason."