Fiat education at its best.
Mainly this 👆 I didn't know about the "cash holding" though.
But at the end, it's a custodian, and they might not store the "bought" amount of btc, and when people want to take out, they won't be able to service it. I guess you won't be able to self-custody from this any way. You will only be able to sell your asset, but if it turns out they have less btc, the etf price will drop, and you lose.
True, the more fees they pay, the less retardinal they can make. 🤷♂️🦙
Maybe. I heard in the Bitcoin Dad podcast an interesting thought, that by enabling the BTC etf now, would allow money to flow out of current system in some way, and could cause a lot of people getting rekt. So might not be the best decision. Somehow I see some potiential bad scenarios for it.
I think one big barrier is responsibility. It requires absolute responsibility.
If your wallet is hacked, it is hacked forever. You can't ask someone to help... You are either fast, or you lost all. Also if you lose the keys, you are lost again.
#discussion #plebchain #coffeechain
If crypto exchanges will be highly regulated, will that mean,
➡️ that bitcoin held by exchanges won't be that much used,
➡️ so "circulating" supply will decrease,
➡️ mostly self-custodied #btc will be bought and sold?
I am not sure if this is con crypto, or is "just" con moving money abroad. At the end, does not matter, we need to self-custody.
Do they also circumvent the movement of other capital?
I guess when the economic situation is so bad as now, and the cost of debt is so high, smaller "players" has to circumvent that capital move to abroad, and external wallet is permissionless... so can move whereever it wants.
Nostr is "chillful" in such times ✨️☺️🦙💜
#nostr #grownostr #gm #slowstr
It's a "great" learning experience
Stay humble and stack frens!
#frenstr #frens #plebchain
Big ⚡️ or periodical small ⚡️?
#asknostr #grownostr
If you want to live in a better world, build it or support those who build it! 🫡
In best case, both!
Drop me some cool tools, or content creators to ⚡️zap!
Spread some 🦙💜!
Good morning! ☕️☀️
The future is brewing, Zap⚡️Vert is getting a v2, let's see how it fits zapvertizers and audiences needs!
Let's create tomorrow today! 🔥🫡💜🦙
Did you open a callcenter? What happened? Is everything fine? 🦙
