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thingtank
Thingtank@nostrplebs.com
npub1nmum...tpd5
Running Damus. Paul Ehrlich denier. Bitcion. 🥩 > stake
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thingtank 2 years ago
Is there more morbidity and mortality from the COVID vaccine than climate change?
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thingtank 2 years ago
Bitcoiners are being courted by US Presidential candidates. Today, Kennedy announces that he wants to back the USD with gold, silver, bitcoin…and waive capital gains tax on bitcoin. Today, Vivek now says he will pardon Ross on day 1 of his presidency (after studying the case and meeting with Ross’ mother).
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thingtank 2 years ago
It was satisfying to watch anti-bitcoin crusader Ben McKenzie get demolished on CNBC live this morning. The producers seemed to have stepped in to say, “stop it Joe, he’s already dead”.
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thingtank 2 years ago
Today, a US court found that Brad Garlinghouse committed securities fraud.
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thingtank 2 years ago
All the shitcoiners are excited, but the court didn’t decide on whether secondary market sales of XRP were securities. image
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thingtank 2 years ago
Here’s one reason why the current crop of spot ETFs may be denied. This is Gensler’s general response to a question about the current ETF filings: image
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thingtank 2 years ago
Amazon Prime Day is a scam. I was watching 7 items prior to prime day. Most of the items didn’t change in price. One item decreased in price by 1% but it said it was 27% off. What a scam.
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thingtank 2 years ago
Lovin’ the search function on Primal. There is so much more content on nostr than I realized.
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thingtank 2 years ago
The ideal spot ETF will have a similar option to the OUNZ Gold ETF—you can redeem OUNZ shares for physical gold. A spot bitcoin ETF that has that option will be superior to all other ETF options.
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thingtank 2 years ago
Blackrock, Fidelity et al are publicly traded companies. They have to disclose the amount of bitcoin they own. Blackrock only owns 6.15. Their purchases haven’t even started yet. This next run is going to be insane.
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thingtank 2 years ago
Why meet with the spot ETF applicants if the SEC intends to deny the application? Why let the applicants know their filings were insufficient if the SEC intends to deny? Just reading tea leaves, but I’m optimistic for approval. NgU is one of the biggest drivers of adoption, and an ETF will drive NgU.
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thingtank 2 years ago
For years, spot ETFs were denied. One of the main reasons for denial was a lack of a surveillance sharing agreement. Why didn’t another firm develop a surveillance agreement earlier? What a joke. Blackrock comes in and gets it done. All the other applicants were amateurs. You can say it is corruption if Blackrock gets approved first, but it would be due to competence-not corruption. I’m not supporting Blackrock. I’m just irritated by all the amateurs. Wtf.
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thingtank 2 years ago
I’m on Damus TestFlight and I have the ability to zap posts directly again. I thought @jb55 had to disable them. It’s weird since I can’t zap everyone.
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thingtank 2 years ago
Twitter refused to pay for cloud services—that’s the real reason Twitter is rate limited. The cloud contract expired yesterday. Looks like Elon will have to sell some Tesla shares. Good time to short?
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thingtank 2 years ago
Welcome to nostr data scrapers. The LLM you train here might get a pro-bitcoin bias.
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thingtank 2 years ago
The SEC needs an SSA in order to approve an ETF. This could mean that they will get access to every past and future transaction on the unspecified exchange (likely Coinbase). Is it worth it to hand over all of that data to the USG just for an ETF? Right now, the USG data is limited. The USG can issue a warrant for specific transactions or users. A few years ago, they had a large warrant for ~13,000 users who traded over $20,000. Now, they will get everything from the exchange.
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thingtank 2 years ago
Everything is good for bitcoin, but when Blackrock lists an ethereum ETF, they will control the protocol when they stake their eth. Blackrock Ethereum will be fully OFAC compliant.
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thingtank 2 years ago
Rumor has it that DCG has been offered $2B for its assets and brand (Including Grayscale’s GBTC). Barry apparently turned it down.