You could always read it & re-package it in a more presentable form. But the power of it imo is how in depth it goes & the fact that a $113B company #BlackRock (an American multinational investment company) believes in it enough (of course pursuing their own financial gains & interests) to submit such a lengthy application. Perhaps those facts alone would orange pill some
Tried to put some images too involving bitcoin’s history & journey
If anyone is interested in a #Bitcoin coloring book i have on Amazon give it a look. I created it to portrait bitcoin in a lot of places around the world while also signifying hope & amongst different people, with also just some fun coloring.
The #Bitcoin #BlackRock application for a spot ETF is a great resource to orange pill someone. Just have them read it. It is filled with: what btc is, how it works, & many more details on it’s value & utility.
The Trust will have a website that will be publicly accessible at no charge.
Trust Admin will disseminate the Trust’s holdings on a daily basis on the website. (p36)
#Bitcoin nostr:note1wzuq2s80t7h68q2pcyzszlkpuczr7hqgta9ljpmkql9wqmgszs3qdhghsf
As I reading thru the application one of my initial thoughts & questions is “how much #bitcoin is going to be lost due to human error?” Holding & protecting keys is not easy… nostr:note15zut9skj2zpz5x43r75v2e2sfwwqwsunwr7vyjet99dlmaryr7mqz3tgn0
The Trust is a Delaware statutory trust.
The Trust issues Shares representing fractional undivided beneficial interests in its net assets.
The assets of the Trust consist primarily of #Bitcoin held by a custodian
Coinbase Custody Trust Company LLC (the “Bitcoin Custodian”) is the custodian for the Trust’s bitcoin holdings
I have no experience w/ ETFs but #BlackRock ‘s #Bitcoin application has peeked my interest so I’m reading thru it’s application.
First take away: “No Shares are issued unless the Bitcoin Custodian or Prime Broker has allocated to the Trust’s account the corresponding amount of bitcoin”
I serve the Living God 🔥
🙏🏼
Exchange rates of currencies:
Venezuela 🇻🇪 2,893,208 = $1
Iran 🇮🇷 42,004 = $1
Vietnam 🇻🇳 23,809 =$1
Indonesia 🇮🇩 15,020 = $1
Colombia 🇨🇴 3,962 = $1
#Bitcoin #sats 3,348 = $1
~3,348 #sats per 1USD
#Bitcoin
Time to cleanse & re-write these bad codes 🙏🏼😃
The source code of this world is wrong..it has you walking, seeing, thinking, & doing things wrong.
Jesus saves 🙏🏼🕊️
The reality is is that #bitcoin is difficult to transact w/ if it is not through a custodial entity. The UX is poor, which is a price to pay for security.
But i think that people will choose the path of least resistance with seemingly enough security & trust.
Utility of the mediums of exchange, the size of the network, & the cost to use that network will all determine adoption/usage.
If you walked into a store or restaurant today what would you pay with? What could you pay with?
It is time for you & I & all people of the 🌎🌍🌏 to be freely able to transfer our own money quickly & for a small fee wherever we want & to whoever we want
#Bitcoin
#Bitcoin
If something unexpected happens & #bitcoin doesn’t pan out like you expected…what is your plan B?
What is #FedNow? How does it work? Sounds like a terrible idea to me
#Bitcoin