very confused about how we're going to fill the etfs and also blocks

wont the btc get locked up in cold storage? what bitcoin is gonna be available to transact onchain??

Yeah, it sucks that way. Here’s the whole thing.

💛

To be honest, I think the bitcoin ETF is the most boring thing about bitcoin right now. Whenever I get asked about it I'm like, "meh".

Yes, the ETF should be good for price and liquidity, since it gives large pools of walled-garden capital more access to bitcoin exposure.

But in my view, the most important thing about bitcoin right now is all of the little hubs popping up around the world. Bitcoin Beach, Bitcoin Lake, Bitcoin Jungle, Bitcoin Ekasi, Africa Bitcoin Conference, Indonesia Bitcoin Conference, etc. As well wallets and other technologies that help them localize their custody of bitcoin rather than keep it all stashed in the giant Binance honeypot or wherever, and any solutions that help link to them all together for payments or that help them trade peer to peer or onboard from fiat to bitcoin in distributed ways.

The rise and connectivity of those hubs is impressive and is worth supporting.

Now you gotta convince all of your normie friends whom you onboarded to #bitcoin not to sell back into fiat! Not that easy task!

I was bummed that bitcoin crashed from $69k to $16k, it delayed my travel plans, but the upside is that it shook out all the unworthy bandwagon orange pillers and put more coins in the hands of those that have cajones. The constant cope that Bitcoin will go down in price and the ETFs don’t matter only solidify this. This will make the floor that much more resistant. Bags are packed. Bring on the tears

My mom started DCAing into #bitcoin a couple years ago.

Today, I reached out to make sure she still had her auto-buys set up. I told her things are about to get wild…

Her response: “we are coming up on the “halving” around April?”

No ETF hype, just Bitcoin fundamentals.

I’m so proud right now 🥹

Remember: yelling at strangers on the internet about bitcoin is fine, but if you can’t convince those closest to you to do the work and study bitcoin, you’re doing something wrong.

Say what you see 👀

#m=image%2Fjpeg&dim=679x705&blurhash=%7CSGJHcs9Men%23o_t8a%25M_acYRIAR6Rjj%3Bt8oNRPWAs%3FMcV%40VsW-tSkCozaeIAISk9kDjEf%2CaxtRof%25hozRPt7V%5Baffkozj%5Btnx%5DoIWAaxaft7kCWAxvo%23WAWBjba%23kDjZaeR6V%40WBo0ogaxkCWBj%5BM%7Badt5kWjbV%40j%3Faej%5D&x=dabd7bbcf9f9e959724aeb00816663154d7ebce322e7dc2e997f8aeea5f57bdc

Strike USD denominated payment -pay-> eCash Mint -inter-mint swap-> eCash Mint -pay-> LN wallet = KYC free Sats(?)

Fire, I used to be a rocky roads dude