Your wealth cannot go up and down at the same time, however you measure it (fiat price, or purchasing power). đ¤ˇââď¸
Your Sats arenât affected if you hold your private keys.
The fiat price is affected.
If you live under a Bitcoin standard, you shouldnât even care about any of this.
If youâre still hoping to convert your Sats to fiat, or other goods priced in fiat, Iâd encourage you to study the physical gold markets (bearer asset) and the gold derivatives markets (paper gold).
My initial point still is that Blackrock doesnât play by your rules, and that whatever game theory you think exists on a Bitcoin Standard, does not apply under a Fiat Standard.
Regarding chain analysis ÂŤÂ goes both way , please point me to the public adresses of the Grayscale Bitcoin Trust. Itâs much older and much bigger than any existing BTC ETF so you shouldnât have any problem finding them.
Lastly, I do not need to address your point, since mine is just the opposite. Only time will tell what will actually happen.
You'll have no way of knowing how much BTC is held by Blackrock because you won't have access to their public keys, and you won't have enough fiat capital to margin call them.
I just laid out why Blackrock has no interest in playing by your set of rules, and so far I couldn't find a single counter argument.
"People just got a taste of what the ETF approval will feels like."
Exactly, the price pumped then dumped.
If you think Blackrock is your friend and has anything to gain by pumping AND holding Bitcoin, I have a bridge to sell you.
After the ETF approval, yes the price will pump, and yes it'll dump later.
Blackrock & Friends live and thrive on a fiat Standard, where the money supply is unlimited, and where they benefit disproportionately from the system through political lobbying, Cantillon effet, and price manipulation.
Going on a Bitcoin standard (with the Bitcoin price skyrocketing, and staying there) would mean all of the above is moot, and on top of that you'd have to produce actual work to expect reaping dividends and/or interest from your capital.
I wish there were more realistic and logical takes over wishful thinking, so feel free to tell me why I'm wrong.
0%.
I stand with people whom hold the same principles as I do.
What flag got assigned to them at birth or what flag they chose later on doesn't matter to me.
Same goes for religion.
đ¨ Announcement time! đ¨
We're proud to unveil our refreshed Wallet of Satoshi logo! âĄ
Staying true to being 'The World's Simplest Bitcoin Lightning Wallet,' we transition from our classic design to a simpler, friendlier and more modern aesthetic.
https://void.cat/d/TsFTEiBtvNyY89AhhDCde2.webp
We hope it grows on you as it has us, becoming the first sight for the next billion Lightning users exploring #Bitcoin!
Watch out as the new look gradually rolls out!
You might spot it in a double stacked format too.
We want to hear - what are your thoughts on our new look?đ¤
Very nice refresh.
Now it looks like it's 2023, while keeping the same vibe. đ
I think tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles.
Come and ban me here, suckerberg.
Rug selling company partners with expert rug maker.
Better a warrior in a garden, than a gardener in a war.
Thatâs actually my point. Try however hard you can, you wonât beat a dude whom raised $42B in a couple of months on sheer economic power.
So we better find other ways to compete against him.
Elon is buying out influencers, via rewarding them through a black box.
He can basically push or mute whatever exposure he likes through this program, just by paying thoughts leaders more, or less.
As you mentioned, itâs like magic, and whether we like it or not, itâs not something we can compete against on nostr.
Weâre not going to outbid the Fiat Rankings Leader for exposure just yet, especially while there is still no clear path to fairly pay clients builders and relay operators.
I see nostr as a very long term solution (10+ years) to keep true free speech alive, short term think we should just focus on UX and education instead while nostr stays up as a life raft in case of global social media platform shutdown.
Ask and you shall receive. The market speaks.
A lot of people wanted to be able to buy #BrokenMoney using money that isn't broken, and I've been coordinating with Saifedean for the past month in preparation for his bookstore launch to make that possible upon launch.
On https://thesaifhouse.com/ you can now buy my book Broken Money in hardcover, ebook, or audiobook (pre-order) with fiat, on-chain bitcoin, or bitcoin over Lightning. You get a 10% discount for paying in bitcoin.
The hardcover version on his site is also a unique edition. Rather than a laminate cover, this one has a cloth cover and dust jacket, manufactured via the same supply chain that his new book Principles of Economics is.
Instant buy. 
Lmao what a maxi, you could have just bought an NFT of your luggage for âŹ350 instead. Huge savings thanks to ÂŤÂ The Technology  and wouldnât even have needed to carry the bags around.
I was specifically talking about means to coordinate, not means to engage.
I agree with all you said regarding the digital and physical realms.
However unless you spend your days preaching to every passerby (and the vast majority of them would think you are some kind of lunatic), itâs very effective to digitally handshake with strangers online, in order to arrange a physical meetup.
And you can always continue to do that offline, too, by going to general conferences/meetupsâŚ