Fidelity mines their own bitcoin
There you go, now it's actually official
https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
Hacked again?! jk
Yeah that's true, but each block is worth like ~30k sats which is a full magnitude more than what you would have gotten per block on braiins pre-conversion.
I've recently went down the sticker making rabbit hole. I have plans on opening a bespoke pleb sticker shop soon but too excited to wait until I have time to build the website.
Got myself a new color printer, cutting machine, and all the accessories. If anyone has one-off sticker designs they'd like to have printed in low quantities, let me know and we can arrange something. I can also design if you've got ideas.
The stickers will be printed on high quality waterproof sticker paper and laminated.
Trying to recoup my upfront costs but I'm happy to print at near cost. I'll cover shipping within reason. Lmk!
nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze has hit 1 Eh/s! Hopefully we hit another block soon.
The rewards are still crazy high despite 1EH!
100% agree with you here. Approval is mainstream market capitulation. One major step towards global adoption.
As you say, the ETF invalidates many of the anti-bitcoin talking points. Though they might still try and use many of those to argue buying ETF over holding BTC actual. As ironic as it would be, they'll claim holding ETF is safer. (Major LOL)
I wonder how much BTC fidelity has mined so far. Any one have any idea? I know they've been at it a long time now.
Drink some coffee? Idk... never been there. But I heard that's kinda a big thing there.
It's all paper games and clownworld bullshit but it's still a very real thing happening in the world, regardless. Bitcoiners are a small percentage of the overall population watching on the sidelines.
I'll continue stacking real sats and largely ignoring the noise but it's just interesting to me to think abt what might happen in normie world because of this and pretending like I have a crystal ball. Who the fuck knows. Lots of possible scenarios.
No matter your stance, a bitcoin ETF approval will change the game. Yes, bitcoiners can stay humble, stack sats and largely ignore the ETF noise. But the fact is, if approval comes today, it WILL change the Bitcoin landscape. The real question is, in what way?
My prediction is in the short term we will see major volatility but that's likely due to over-exhuberance. People will try to trade but I don't think short teem fundamentals will change. Those sponsors anticipating approval will already have accumulated or have a plan in place. In the medium term, it's bullish for price as reserves get bought up and sponsors have to turn to the open market to acquire more.
We'll likely also see bitcoin baskets come along which hold the ETFs. At some point in the longer term, there might even become such a supply squeeze that investors have a hard time buying the ETF as sponsors can't keep up with demand and are unable to purchase BTC on the open market. At this stage, sponsors can only issue more shares and dilute the ETF prices (are they allowed to do this?) Or else they must create a derivitives market, pegged to ETF prices in order to satisfy investor demand. Depending on just how large this derivitives market becomes, can the tail wag the dog?!
Thoughts?
Oh boy here we go. Tanels gearing up to go to bed in 48 hours....
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m PLEASE TELL THE NOSTR THERE IS MORE THAN ONE GARY.
Damn, your name is forever tainted. Sorry bud.
Yes as long as they protect it as well as they do their Twitter password.
I buy the top I buy the bottom and everything in between 🤘🏽
