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Economic Connoisseur. Defi Builder. Building a Tech/Finance community and I’m not building on sand. Project Management and Technology Consulting on the side. Reach out for gig work, I do free estimates.
Replying to Avatar nym

Need more like this. Liminal

#[0]​ got the Open Source ChatGPT running and working. He’s an open source wizard.

Imagine buying an etf and realising it’s just some guy using your money to buy options.

Should buffered ETFs be illegal?

I’m amazed by this flag and it’s ability to fly against the wind.

I love that Warren Mosler spent his career trying to tell people that the economy isn’t real and the government prints everything and then academia deemed him the father of MMT. I feel to this day a lot of people missed the boat (figuratively) on what he was trying to say in his speeches. Endowments used his research as an excuse to use more leverage. Meanwhile Warren proceeds to leave finance and design a catamaran named “Knot My Problem” that traveled faster, farther, and more fuel efficient than most other models. He then turned that catamaran into a ferry to haul passengers from St. Croix to St. Thomas. I can’t help but wonder if he holds a little btc while he sails away into retirement.. https://www.proboat.com/2022/09/qe-iv-ferry/

Will traditional telecom companies exist when btc finishes seeping into our economy?

If you’re a web designer look into FIGMA. You won’t regret learning it.

Is it okay to love btc and structured products at the same time? 😭

An Ongoing Thread*

1) It’s a lawsuit over a trust.. who cares!?

The stakeholders do. And some of them are institutions, so you know there will be a conclusion at some point.

2) It’s not BTC, it’s not true decentralisation. True, however, it will influence U.S. crypto currency regulation because it’s currently one of the few ways to get BTC exposure in a U.S. tax advantaged account besides the futures market. Their lawsuit will lay the groundwork for institutional investment into Bitcoin.

3) Institutions like SVB Wealth, ARK Holdings, and Barlett & Co all have exposure to GBTC.

4) Those who filed the sec paperwork believe they did it properly so what’s the issue? Is it political? The parent company of GBTC went to court recently and the investigation continues. GBTC rallied after journalist reported on the Judges remarks. Updates on the case will come out in Q3 of 2023

5) The paperwork filed for the trust was to transition the account from a trust to a ETF. If approved it will grant GBTC Regulation M status. Reg M would allow the trust to simultaneously create and redeem shares.

6) GBTC currently owns over 3.4% of all bitcoin currently in circulation.

A Thread on why GBTC v SEC is the most important and under-viewed litigation YTD and why it’s taking so long to rewrite Histroy.