Avatar
max
7752cc3cb9798f838c6aa2ddbe88a8ccd075e18c9a722e71700cb69cba733d59

I like not having to upload a picture of my ID to use NOSTR

Imagine still not owning #Bitcoin. Christ

That new Ariana Grande album

I don’t understand why he just can’t be honest about inflation. It’s not like it’s only his fault, Trump cut taxes and raised spending, exploding the deficit. But stop lying to us that inflation is low

Janet Yellen having a good time out there. She’s the best

Who’s live damas-ing the #SOTU ?

“The cucumber accents the water in such a way…”

Replying to Avatar max

Hey nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z curious your thoughts on end game for ETF providers in the case of hyperbitcoinization (dollar worth nothing, customers stuck with ETF shares).

Lets use Fidelity as an example. I think the most likely scenario is Fidelity converts the FBTC shares into Lightning and distributes it to customers' Fidelity custodial wallet. Customers will have the choice to send the Lightning to any other custodial or non custodial wallet, but it'd be a useful "banking" service for most customers and they'd already trust their brokerage.

I imagine there will be some type of legal fight to allow Fidelity to convert the shares to bitcoin, but there should be enough public pressure if a large percentage of the population owns FBTC or equivalent ETFs (including politicians).

Fidelity and other brokerages would be incentivized to offer highly secure custodial Lightning. They want the customers to continue using their platforms for equity trading and lending.

Hey nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z curious your thoughts on end game for ETF providers in the case of hyperbitcoinization (dollar worth nothing, customers stuck with ETF shares).

Lets use Fidelity as an example. I think the most likely scenario is Fidelity converts the FBTC shares into Lightning and distributes it to customers' Fidelity custodial wallet. Customers will have the choice to send the Lightning to any other custodial or non custodial wallet, but it'd be a useful "banking" service for most customers and they'd already trust their brokerage.

I imagine there will be some type of legal fight to allow Fidelity to convert the shares to bitcoin, but there should be enough public pressure if a large percentage of the population owns FBTC or equivalent ETFs (including politicians).

Fidelity and other brokerages would be incentivized to offer highly secure custodial Lightning. They want the customers to continue using their platforms for equity trading and lending.

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx can you link to the devices that Rachel Geyer brought you? I may snag a few for gifts

Good stuff as always thanks for keeping it real