Signing bombs is so cringe.

Really near the top of the cringe scale in fact. Almost peak cringe.

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Could this be happening? For example with an institution like BlackRock?

Controlling Bitcoin Price within a Range Using Spot ETFs & Options?

1. Spot ETFs:

- Buy to raise price: Accumulate Bitcoin in the ETF to reduce market supply and drive up prices.

- Sell to lower price: Distribute Bitcoin to increase supply and put downward pressure on prices.

- Issuance/redemption: Redeem ETF shares to remove Bitcoin from circulation (raising prices) or issue more shares to add supply (lowering prices).

2. Options:

- Call options to push price up: Buy deep in-the-money calls, forcing market makers to buy Bitcoin to hedge, creating upward pressure.

- Put options to push price down: Buy deep in-the-money puts, forcing market makers to sell Bitcoin to hedge, driving the price down.

- Short calls/puts: Selling calls adds downward pressure, while selling puts adds upward pressure.

3. Maintaining price range:

- Upper limit: Near the upper limit, sell Bitcoin from the ETF and buy puts or sell calls to prevent further price rise.

- Lower limit: Near the lower limit, buy Bitcoin in the ETF and buy calls or sell puts to push the price up.

4. Market sentiment: Large options trades influence market sentiment, driving participants to follow your price direction.

5. Hedging and rollovers: Continuously roll over options contracts and hedge positions to sustain control over the price range.

I think a lot of this comes down to the fact that bootstrapping network effects is hard.

When someone says Nostr is too small, or they view it only as social media, part of what they are implicitly saying is that its network effect is not sufficiently scaled to be of interest to them, which in a busy person's life is reasonably valid.

So then it depends on the builders to make a product so interesting to them that it breaks through and solves one of their problems in a way they can't ignore.

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Yup yup 7up. Down down fiat 🤡