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Bitcoin Wizard 🧙🏻‍♂️
f69a576c57a17e967882520b6bacd3f7135f4c9abd4d058585cfc7efa8e2c697

As long as you are not banned on Telegram, you are not an OG

Replying to Avatar jack

When Coinbase is hacked in the future, we need more than just Popcon 🍿

Wikileaks should also disseminate the data sets via Nostr 🤔 ...

Saying blackrock, for example, “owns” their underlying Bitcoin ETF holdings is no different than saying Coinbase “owns” it since they actually hold custody.

They are required by law to hold the asset backing their ETF and so you could say it even “belongs” to the investors. All of these are ultimately incorrect.

Who really “owns” it is the US government as they could pass legislation to seize it at any moment. If they can change the constitution to legalize income tax, surrender their sole constitutional authority too coin currency to their banking donors and establish the Fed, issue an executive order to seize gold from private citizens, etc. then they can clearly pass legislation to seize the Bitcoin holdings in the event of a dollar collapse or “hyper-bitcoinization”.

In fact, it would be incredibly foolish of anyone to assume they wouldn’t.

Tether is a time bomb that will eventually cost a lot of people a lot of money. The shitcoin of shitcoins💩 . How often have states and companies claimed that their money was "covered" until it was "suddenly" uncovered? Someone once wrote something about it...:

"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts impossible." 🤔