This is not the case for Vangard. The model for vangard is that it is owned by its constituent funds, which are owned by the investors in those funds. That's why vangard has so many devotees, boggleheads, etc.

We don't know who owns the Federal Reserve.

We don't know who owns Vanguard.

We don't know who owns BlackRock.

My guess? They're the same people.

Explained The Nostr to a friend today at lunch,

Successfully communicated the purpose of an open protocol and how it differentiates from platforms like Meta. ✅

Explained value of zapping v likes. ✅

She got lost at why so far we’ve utilized Bitcoin integration v CashApp or Venmo integration. I get that though. ⛔️

But this time its me 🤣

🥂🥂

Keep getting 1 Sat payments to my strike address with no zap receipt or description... Had been happening all day

It shows someone I muted commented with a show button. It’s not like I don’t see the comments.

Most of the time I mute because I get tired of seeing a certain subject. There’s no mute words on Damus (my preferred client for mobile) so I can’t just mute certain notes.

I have zero beef with anyone.

Why do people care who I mute 😆

🚨 Some troubling Bitcoin news from the UK.

I met a broker last week, who is making system changes to comply with new regulations requiring all exchanges to implement - by 6 Jan 2024 - the following for UK bitcoin buyers:

- A 6-page test that you must pass.

- You will get 3 chances to pass the test. If you fail all 3, they must deny your account. PERMANENTLY!

- A 48 hr “cooling period” before you can actually buy.

- Your bitcoin purchases will be limited to 10% of your net worth, measured in LIQUID assets.

Trapping you in fiat debt hell. Warn your friends.

The playbook for what will happen is in the code. You custody the keys and you have the ability to audit (or delegate the audit) of the code. But you are correct, without performing that audit, you are putting a certain of level of trust in the developer.