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WHO is taking over! https://x.com/SFiiiiiiiiiiiii/status/1786733266554245510
They own the assets, they have the right to do what they want with them. It is interesting that that ownership structure came as a result of digitisation. When legal title was paper based, one could take possession of it. When your asset is a row in someone else's database, all you really have is a promise. Cryptography enables first person ownership of digital assets in a way that has applications beyond money.
That is happening and mostly no they don't
The ETFs have been suspect from the start. It is no surprise that the Bitcoin ETF is being used as a source of funding for the government.
This is how it works:
A customer puts money into their brokerage account and buys a bitcoin ETF.
The broker buys the ETF from the issuer and the customer can see it on their statement.
The customer doesn’t really own the ETF, the just have the beneficial interest in the change in price (they own a derivative contract their brokerage)
Another customer wants to buy a bitcoin ETF and they put money with the brokerage to pay for it.
The brokerage doesn’t need to buy another one from the issuer because they can borrow the one that own on behalf of the customer and sell it to the next customer.
The brokerage has sold 2 ETFs and they have only paid for one. They put the balance of the money in government bonds and enjoy the interest that they earn.
The government does not regulate this type of thing out of existence because this is just one of the operations that creates demand for their debt that enables them to spend more than they earn and to win votes from people that are stupid enough to thing that our economy is sustainable.
Why has everyone forgotten about the possibility that the ETFs are being rehypothicated?
Does anyone really believe retail customers would be selling out this early to the level that they outweigh the newcomers?
What we are seeing is ridiculous, it can only be rehypothication!
Hello fantastic nostr people. I was blown away by your incredible support when I posted the below note. I had 10+ job opportunities pepper my inbox within hours. What a powerful statement to this community. I was overwhelmed 🙏 and now I have a new job! Here's the note from a month ago; scroll down to find out more...
nostr:note1x43202egs5umrqec6d76dsjl6z7ylr6hkmctes2rpat7sa22e7msq5m69n
Over the last month I have weighed many different opportunities, and I am excited to announce that I have accepted the position of CTO for FanFares.io run by nostr:npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9!
nostr:npub16lvpp8hyxetuuczk4kjx2vqxhwmyruc72r59ysmgrsnjg5rcz8kqk07j3k is building an open source PWA that enables podcasters and content creators to publish and monetize their content via nostr rails and lightning micropayments. There are tons of exciting things coming that I'm excited to talk about in the near future, like at BTC Prague 🤙 see you there!
I am still deeply committed to ONOSENDAI and completing my OpenSats grant, which Simon has been fully supportive of, so my schedule will allow for this.
I'm not sure about the future of Yondar since my company ran out of funding to develop it, but it's open source so I have faith that it will live on somehow.
I am extremely grateful for the opportunity to work in the nostr space. I am grateful for my 16 years at the marketing agency where I started my career, but this next step is much needed and a perfect fit.
So, thank you wonderful nostr people for supporting me and showing your care. It has meant the world to me. I am SO ready to put 100% of my time and focus on nostr and bitcoin development. I feel like my work at FanFares is going to have a measurable and immediate impact on nostr and bitcoin adoption and I can't wait to get started! 👾💜
Welcome aboard Arkinox. We are very happy to have you ss part of the fanfares team
nostr:note106vxuuvm598fukkxlpmw7nuvkfq8fvcw820m9xygwfrxp7wz5s3qugz799
It looks like the fight is on for the btc price! The etfs are seeing outflow apparently. Personally, I'm not sure that I belive there would genuinely be net sellers of that product at this stage. People just got exposure to the bitcoin price for the first time in their lives, they are up on their investment and for some reason many of them decide to turn and run. So many decide to get out that they even outnumber the people coming in! Could this be re-hyppthication? A broker can legally borrow a stock that you hold with them and sell it to someone else. The increase in funds that they hold as a result of this operation will, of course, go into government bonds.
This one is worth watching
Before life on earth there was a lot of carbon in the atmosphere.
As life evolved over many millions of years, some of the carbon was slowly taken out of the atmosphere and put it into the ground.
If this process were allowed to continue without correction, then life would eventually die out because there would not be enough carbon in the atmosphere to sustain life.
It is fortunate that a form of life would eventually evolve, that would dig up some of the carbon from the ground and put it back into the atmosphere.
Isn’t nature great!
I am with you on this one Jack. The need for changes to enable scaling alone is a justification for a lot of work to be done.
nostr:note1zkgctq5n6mervh8w9hgtamlec4regmdxndn4zw83caf2c0a2kyvsa3u9pu
In world where legal professionals are increasing being replaced by computers, one would have to be concerned that they might find some new way to keep themsevles relevant....
https://inews.co.uk/opinion/echr-ruling-climate-action-uk-3000475
Welcome Stacy.
Nostr is the place of Bitcoiners and eventually the next layer of the internet for the world.
This is great podcast about Vexl
https://fanfares.io/player/30da8d233751afe52ab3555849ba1a377944c031b6b22cd86deede6a1fc33f7c
This is one brave lady.
Take the time to listen to this!
https://twitter.com/wideawake_media/status/1776963814656733441?t=Ddc6ge2qQqw46kydpm3HKg&s=19
Want to hear about @vexl and P2P #Bitcoin with @satsdisco ?
Well, you can get early access with no Ads, intro or outro for 10k sats.
https://fanfares.io/player/30da8d233751afe52ab3555849ba1a377944c031b6b22cd86deede6a1fc33f7c
The fringe media are losing advertising revenue fast and are increasingly willing to give up control in order to maintain their livelihoods.
There is one sector that now dominates TV ads. They benefit from health scares and identity transformations.
In the UK election, many people are voting Labour by cause they don't want sunak or the tories. They currently see reform UK as a wasted vote.
Reform are likely to flip the tories in the next month or so. When they do, many ordinary working British people will sit up and take notice. They will see that reform represent their views far more effectively than either of the other two parties. The effect will be a landslide, as a large part of the Labour vote switches to reform. At the same time, many of the tories will switch too out of fear of losing their seats.
Key reform policies:
End gender ideology in schools
Less inward migration
End climate alarmism and investment in wasteful projects that is making energy bills higher.
, @shortsimon
The next one is scheduled
