Right. To put things in their proper perspective THEY want YOU to either trade your #USD or your #Bitcoin for a claim on a trust that holds a pro rata amount of #BTC held in custody by ONE (1) entity so THEY can (i) earn fees on the #ETF, (ii) earn through re re re hypothecation and, (iii) make additional markets in a theoretically unlimited number of claims on claims on claims to shares of those trusts and on #Bitcoin itself.
I’m still not off the ledge
Thanks nostr:npub1nwfjpsqejwsnq7t8clynmkqffumwgqtu2c8ad47udgp7us0hhlns7magwf Please what is EO6102? Does it prevent a #Bitcoin #ETF?
Thanks. That’s exactly my point
Prove to me that those wealth managers won’t shill those #ETFs to such an extent that those #ETFs suck up the supply. Price doesn’t matter because EVERYONE is for sale.
Then prove to me that the lack of supply WONT raise doubt about the ability for most other crypto exchanges other than Coinbase the custodian (who rely on commissions from Bitcoin) to continue as going concerns.
Then prove to me that re re re hypothecation among every SEC Gatekeeper back office WONT occur.
Then prove to me that those same banks WONT start mining and possibly gain significant hash power on the network.
Then prove to me that in 5 years the majority of #BIPs WONT be proposed by THAT SYSTEM and WONT lead to censorship on the #Bitcoin network.
I appreciate your attempts and thank you. But I’m not convinced.
Anyone else? Please! I’m going thru a horrible spell.
We are where we are because you only care about number go up. Your GREED has no right to sacrifice my FREEDOM nostr:note1dl0ef7jqef4rdskr5u4mfvkmrvn7arct26fg0afyerju7ttthrwqarly2r
#Bitcoin launched as a silent protest against the fractional reserve banking system on January 3, 2009. BRAVO!! 👋
THEN you all wanted institutional adoption by the very system you protested against on that date. #WTF?
You all THEN lobbied for sensible regulation because you thought you could make a deal with the same devil you protested against on that date. Shockingly you failed.
Now there are 12 institutions and 1 custodian that are about to centralize ownership of #Bitcoin FOREVER thru #ETFs.
Now MY freedom and MY way of life is in jeopardy because of YOUR stupidity.
Someone needs to LOGICALLY talk me off this ledge @ nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632 nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp nostr:npub1zjx3xe49u3njkyep4hcqxgth37r2ydc6f0d7nyfn72xlpv7n97ss73pvrl nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu nostr:npub1ydua4nhjuj36k6hrjkj5kn0zrz8su6xcl76rvvuaxhrnngu7xccqsmutvr nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw nostr:npub1menrmd24ejnp9dk38au0vzw0fe9xsr25jdtdndj0eukapxz7vdps8sl4nq nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9 nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a @s
What are you going to do when 12 institutions wrap up all the BTC in circulation? Will you still beg for institutional adoption?
The largest majority of people won’t touch #Bitcoin until it reaches “substantially higher levels”.
This has to do with the need for human nature to have community and conviction.
Nobody wants to be alone. That’s why 99% of people lose money investing in volatile assets.
Financial assets are the only thing people DONT want to buy when they’re on sale. They are COMPELLED to pay full price.
When they do, and the asset dips in price, it takes 98% of the people who bought it OUT, never to return, leaving the asset in the hands of the 1%. This will NEVER change.
Wealth is not for everyone. Neither is freedom.
Perhaps #satoshinakamoto chose #halloween to release the #Bitcoin #Whitepaper because of the #terrifying nature of reckless government spending and central bank monetary debasement.
In describing the Calculations in Section 11, did #Satoshi also use this as an analogy to articulate the behavior a typical government with an unlimited amount of credit to gamble with using probability theory?
The Binomial Random Walk describes federal deficits. The Gamblers' Ruin Problem describes their codependent relationship with central banks.
They have been gambling with YOUR money since 1913.
Most people are just whistling past the graveyard, blotting out the consciousness of their monetary disposition as best they can. Others are oblivious to this fate.
A chosen few shall escape the horrifying #FourHorsemen of the Economic Apocalypse: terror, bewilderment, frustration and despair.
#HappyHalloween Happy 15th Birthday #Bitcoin
How much is your freedom and privacy worth? What would you sell it for?
If we start now, we may be able to stop #ordinals from becoming an identity layer on #Bitcoin. Yes that’s right. If all 2,100,000,000,000,000 sats become ordinalized, everyone who owns #Bitcoin will be easily and immediately identified.
STOP THIS MADNESS!!!
As of now, only 36,000,000 sats have been indexed. That’s .36 #BTC
The last time Mainstream media made a factual statement and told you the truth was when #WalterCronkite announced the death of the #FederalReserve Abolitionist #JFK #EO11110
Sometimes #Bitcoin really does fix everything.
#Bitcoin and bullets. The only two things that tell the truth in this world.
This is what you asked for when you wanted institutional adoption. Did you know what you were asking for when you asked for it?
If it’s one or more other countries it’s a skirmish. If it’s American interests it’s a war.
I just want to be clear about most of you asked for: institutional adoption of #Bitcoin
This means a walled garden around the #Bitcoin supply and a gate kept by “gatekeepers”. These are banks, broker dealers, exchanges, transfer agents, PCAOB accounting firms, law firms and DTC. All of them are protected by the SEC.
You asked for this
Nobody commented on this post. Whatsamatta? Feeling snowflaky?
In case you forgot why you are in #Bitcoin
#EO11110
UK Patriots MUST sign!!