why are we hate watching the davos thing? guys just ignore them, that's how they win lmao

about to head into this week's Lightning Pulse @lightningpulse https://zap.stream/naddr1qqjxyct9vgmkxdrp94nx2veh956rwdnx95unzdr995ckydnpvvenxv358qmryq3qeaz6dwsnvwkha5sn5puwwyxjgy26uusundrm684lg3vw4ma5c2jsxpqqqpmxwpqv70q

forgets to drink coffee; decides her life is just pain now; spends the weekend fighting caffeine withdrawal 😭 all the advice says to taper but im incapable of following a schedule 🪦

wtf when did hacker news get on nostr View quoted note →

correct me if im wrong but im pretty sure there’s no guarantee how many sats a share in these etfs are worth on a dollar value, they’ll do fine but on a per sat basis investing into an etf in a bull day dilutes the per share sats value of everyone else in the fund the reverse happens on bear days, afaict. here’s the lil scenario i walked through to convince myself of this dynamic. 100 shares, 100k sats. current price is $2/sat. $200k total NAV ea share worth 1k sats lets say the price moves up, to $4/sat, $400k NAV, 100k sats i buy 10 shares, $40k in, buys 10k sats 110 shares, $440k/110k sats 1k sats/share market moves: day price is $5. $40k buys 8k sats 110 shares, 108k sats 989sats/share market moves: day price is $2. $40k buys 20k sats 110 shares, 120k sats 1.09k sats/share the big question is: is the price per share sold updated for the sats they acquire? or do they just accept money at price X, buy as many sats as they can at day-end and that’s what gets added to the fund?

any time i have a concrete project to ship, i struggle 🤔

no idea if the Bitcoin IPO will be similar, but generally speaking most IPO launches tend to spike, then fall flat/underperform for 6-12mo donno if this helps with expectations at all, but may be good to keep in mind

Honestly i hate saving money but love watching my sats stack grow 🤔 View quoted note →

can someone explain to me why the ETF is more attractive to investors than the GBTC? like why is this a bigger deal than the GBTC listing?

one possible option for the @Base58⛓🔓 LARP boxes arrived today, wdyt?? 🍊 turned every head at @PlebLab with that color

shoutout to all the awesome people and orgs that support @btcplusplus year after year i see you and it literally would not be possible without you ❤️

YALL READY FOR THE BITCOIN IPO!?

"im sorry your honor, we had to delay the news. we were compromised"

wait i just realized that the reason the etfs dont "just buy a bunch of bitcoin ahead of going getting listed" is because they won't have access to the money to buy the coins until after people start putting capital into their funds (post-being listed) i mean there's probably some initial capital investment happening, they call that 'market making', right? still thinking about that tweet i saw about thousands of coins moving off kraken in batches this week. are things moving around ahead of a sale cycle? this etf thing really has gotten my attention, and i dont know what to think about that. i'm really really curious about where these guys are planning to get their coins from, what are the logistics of their OTC agreements? who are they planning to buy from? does coinbase have sellers lined up? have the mining companies been called? what's coinbase's take rate for helping their ETF customers close on bitcoin? weird to think that bitcoin might soon be a rebirth for the 'broker-age' industry -- the person who can actually broker bitcoin deals about to be a rare beast? do they already exist or are we gonna see a whole new ecosystem of coin hunting get born?

this piece is kinda focused on NFTs, but i think it poses an interesting question

is it Ingroup or is it Dynasty

What's Lindy, baby?