I just discovered that in the BlackRock ETF filing there's a clause that says that in case of fork, BlackRock will be free to choose which fork they think is the real bitcoin.
Imagine this scenario: in a couple of year, the BlackRock ETF become so huge that it have a significant percentage in the whole bitcoin marketcap.
At this point, someone just release a "green" POS based bitcoin fork and BlackRock switch to support it.
What will happen is that the real bitcoin price will fall and everybody will start to support the "green" bitcoin because all the money are there.
Thoughts?
yes, because I don't have to worry about it. Also, I prefer to keep away electromagnetic fields when I can. Although BT devices are very low emission energy they're still very close to the body (and the brain)
I prefer wired headphones whenever I don't need freedom of movement
Make your own low budget Nakamoto #Bitcoin poster in pleb style.
How does it work?
1. Download the PDF
2. print the 12 pages on a4.
3. cut off the excess and glue it together.
you are done. ๐
And yes, I still have to cut and glue together ๐
PDF: https://kanuto.io/wp-content/uploads/2023/06/Nakamoto_Raster_12.pdf
definitely gonna print it and use as background during online meetings ๐
from my understanding of ETF, they might be used to leverage short the underlying asset. The Blackrock ETF could then be a dangerous attack to bitcoin price. While we, privileged citizens, could stack cheap sats, many people will be hurt by this. I'm thinking about emerging small circular economies and poorer country citizens having all their savings in bitcoin. Also, this volatility could scare a lot of precoiners away. What do you think?
I always go there with my kids: they love reading!
