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dvo
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bitcoin zen. sometimes I think out loud then try to delete it. simplicity is everything. building https://bitcointools.space npub est 775217
Replying to Avatar Ava

Faith No More - King for a Day šŸ”ŠšŸ”„

https://v.nostr.build/oMnlv.mp4

This is the best party I've been to

Don't let me die with that silly look in my eyes...

YT

https://youtu.be/vCktbM5Uqk4

#cybersecgirl

šŸ’„

there’s a certain kind of magic that happens in these parallel realities. like when you start talking to someone in the outside world and come to find out that you already know eachother in the nostr land

that there is the best beer in the world, maybe

Replying to Avatar PUBKEY

Could this be the first time PubKey has been mentioned in a book? šŸ‘€

Cheers to nostr:npub1py2c54gfg3dm9vnpmyruyecj4wvtrf3xpkxt3e38wwfnwlvjpghskt238z for sending us this copy of his new work Parallel, hot off the presses. It’s an up-to-the-minute account of the #bitcoinĀ social layer, the scaling layer that matters most.

šŸ™šŸ§”šŸ»

those reviews on the back are outstanding

elon has a tendency to overestimate his power. it might take time, but freedom technology will win

Replying to Avatar Ava

so much untapped power in the space between that handshake

this post read in the melody of ā€œif you wanna be happy for the rest of your lifeā€¦ā€ in my head

So if ETFs are raking in huge volumes, why isn't the price higher? Parman's take...

1. BlackRock buys spot bitcoin with new customer dollars. Customers receive ETF shitcoin in return (never redeemable for bitcoin, only government money). This has upward pressure on price.

2. At the same time, BlackRock could (and probably is) opening a short position, using customer bitcoin as collateral. This has equal and opposite price pressure to #1

3. A combination of #1 and #2 causes a soaking up of dollar demand via the ETF, while increasing open interest, and increasing the risk to BlackRock - because BlackRock is massive, and may have some secret access to printed $, the risk is manageable, while attacking Bitcoin, making NGU fail, and making bitcoin adoption seemingly boring. That could be their strategy.

Solution - accept that ETF demand does not contribute to bitcoin price or adoption, and expect some of that interest will be converted to genuine bitcoin buying. When we have nearly all the bitcoin in self custody, the ongoing spot demand will cause the spot price to decouple from ETF price. This will destroy them, but it means we have to be patient. Instead of expecting to see the price track up as we collect all the bitcoin, expect nothing to happen, then one day, expect everything to happen all at once.

Like a sponge that you add drops of water to, one at a time, the sponge collects all the drops, but then at some point, it begins to leak.

During this time when the sponge is collecting all the drops (ie we buy all the bitcoin without seeing price appreciate), the attackers are hoping our interest dwindles, we develop high time preference and sell/enjoy life, instead of fight in the revolution.

Stay strong. I'm dying on this hill.

https://armantheparman.com/futures

The BlackRock shorts are covered by customers' bitcoin, so they can never get liquidated.

And customers can never demand their Bitcoin - they can only sell their ETF to some other bozo.

Black Rock would never have to give any dollars back to ETF clients (I think). Clients just sell to other buyers.

When BlackRock are exposed, all that will happen is the ETF price will be different to the Bitcoin spot price. BlackRock is not at risk.

Now exactly who is performing which action can be different - All they need to do is collaborate (conspire)

boom

so far affinity has come the closest that I’ve found. though sadly nothing really compares to adobe as an industry standard

how to remove adobe files

it seriously is. the only way to properly remove adobe files is to do a complete wipe down

not for cloud storing files. that always felt suspicious to me