Chrundle the Great said:

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Bet he was just trying to wake up AE for the person asking for him

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I'm pretty sure Adminerrors is a Luddite, compared to texag2011. If I recall correctly. I think texag2011 preferred wheelskjm.

TxAG#2011 said:

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JamesBREI06 said:

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TxAG#2011 said:

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MR Gadsden said:

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TxAG#2011 said:

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That's because BTC relevance is waning. You can really start to see it these days.

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Really? How so?

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Far less engagement. New entrants, flat not interested in BTC.

Big money much more interested in ETH.

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Lol, this is a crypto thread. Not just a btc thread. Also you have no clue what you are talking about.

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This is the same kind of stupid dismissive **** I've seen from BTC maxis for years now. I don't "like" Bitcoin (even though I own >1) so therefore, I have no clue what I'm talking about.

It's been noticeably cringy for years.

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What are you talking about!?? Go back and read my post.

I own much more than just BTC, that was my point this isn't just a btc thread.

TxAG#2011 said:

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MR Gadsden said:

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TxAG#2011 said:

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That's because BTC relevance is waning. You can really start to see it these days.

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Really? How so?

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Far less engagement. New entrants, flat not interested in BTC.

Big money much more interested in ETH.

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Isn't this true though? I know I haven't been interested in buying BTC in a long time. I only buy ETH.

ac04 said:

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this is a direct quote from you:

Quote:

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People cant even self custody their car keys. Thats why Tile and AirTags exist. I'm not yet sure thats a long term solution for the sub-100 IQ public. At least not yet

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you mentioned car keys, and in reality self custody of bitcoin right now is far less complicated than actually driving a car and i know numerous folks who are absolute muppets that manage to safely drive a car every day.

i understand that GBTC is a trust. that is the plan for the blackrock offering as well. you could have figured that out by reading the article. so again, if you are curious about the custody solution blackrock is likely to utilize, there is an example out there that could probably answer your questions.

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Nowhere did I suggest they are stupid, just below average. Heck even smart and rich people are forgetful and lazy at the wrong times. If you think my concern about customer and asset protection assumes people are stupid then you're mistaken.

I'm going through the GBTC's S-1 right now and I'm still right. The BTC are owned by the Trust, not the investors, and are securitized in an effort to broadly reflect BTC's underlying price. Just because you own a REIT ETF doesn't mean you own the underlying apartment complex. I'm not saying its a not good investment vehicle - easy access through many account types, exposure with low costs and little to no cold wallet risk. Plus, there are no derivatives, swaps, in the portfolio which makes sense because those would likely fall under SEC/CFTCs jurisdiction and they dont want that regulatory burden. That being said I'm not sure how well these vehicles perform against the underlying after fees. But you don't own the BTC and it cant used for its specific purpose of frictionless payments.

from the S-1

Quote:

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The investment objective of the Trust is for the Shares to reflect the performance of the value of a bitcoin as represented by the Index, less the Trust's liabilities and expenses. The Shares are designed to provide investors with a cost-effective and convenient way to invest in bitcoin.

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If cold wallet storage is easy and you want BTC exposure because you see it as a store of value, wouldn't buying it and holding it directly be a better strategy than paying Grayscale or BLK to take 2% off the top annually? That's like letting the bank charge you to hold you cash in a savings account.

Do you want self-agency/responsibility or do you want someone elses' computer and an IOU?

I think the trend is slowly but surely trending towards recognition of the realistic disasters associated with 3rd party trust.

He's just trying to crawfish out of his own beliefs that simultaneously nobody and everybody is able to enjoy some form of access to bitcoin to their own benefits and detriments.


Tysker:

Quote:

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The mind knows the truth when your heart denies what it feels. When you don't feel safe to let peopleBitcoin in it is because you're not ready to deal with the pain of honesty.
-Shannon Alder

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I can only imagine the difficulty of wrapping your head around this is painful when so much of your life has been dedicated to institutions you thought would last through the end of time, only to potentially see their demise within the next decade. I feel your pain brother. I respect it.

And as much as I give you grief it is truly in the brotherly sense, ag to ag. But peel off the fuggin bandaid man. Download muunwallet and post a gawddamn lightning address so I can send you some sats for the abuse I've levied you (appropriately).

ac04 said:

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Quote:

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If cold wallet storage is easy and you want BTC exposure because you see it as a store of value, wouldn't buying it and holding it directly be a better strategy than paying Grayscale or BLK to take 2% off the top annually? That's like letting the bank charge you to hold you cash in a savings account.

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yes of course. but some people want exposure to bitcoin and don't want to self custody. others may want bitcoin exposure in an account where buying actual bitcoin is not possible, but GBTC or shares of blackrock's trust is. the world's biggest asset management company is providing another avenue for more people to get skin in the game. its not really all that complicated.

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And take a 2% annual cut from your holdings. Seems like a good deal for the world biggest asset management company. I hope it works out for the investors as well.

Quote:

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And as much as I give you grief it is truly in the brotherly sense, ag to ag. But peel off the fuggin bandaid man. Download muunwallet and post a gawddamn lightning address so I can send you some sats for the abuse I've levied you (appropriately).

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Is this for me?
No need, Ive already converted everything in my Robinhood account into ETH and SOL.

Glutton.

Lolol

TxAG#2011 said:

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MR Gadsden said:

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TxAG#2011 said:

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MR Gadsden said:

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We can use the lighting network now to transact. You want to send me some of your >1 BTC for little to no fees, I'll walk you through getting a lightning wallet and glad accept your BTC.

every day I hear about more and more lightning development. Seriously, where are you getting your news? I'm not trying to be an ass here, I'm curious.

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Why on earth would I want to be "walked through" how to use the lightning network.

If I want to send money, I just pull up venmo.

If I want to buy something, I pull out a credit card. Which also has significantly higher consumer protection and also reward incentives.

There's no reason for me to ever use it.

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Well you've proved you're not very smart so I was trying to be nice and help you out.

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It's nice of you, yes. But this is how the mainstream views it.

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Google searches for "is bitcoin dead" has broken a new record high, even though the price is higher than when the last record was made 🤣🤣 pic.twitter.com/Y6U4mG38bY

— Documenting Bitcoin 📄 (@DocumentingBTC) August 11, 2022

You will die before #bitcoin does. pic.twitter.com/gf03zVFPMe https://t.co/U2t63FRP4E

— CARLA 🧡 (thecryptoc0up1e) (@thecryptoc0up1e) August 11, 2022

The internet.... what a series of 1's and 0's it is.. gotta love it.

Hey, the important thing to remember is that I and a select few predicted this a while back...big money and institutions getting into crypto...more of what I predicted to follow over the next 6 months....and again in 4 years.

I'm sure the Grayscale ADA etf is just a matter of time.

Brian Earl Spilner said:

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TxAG#2011 said:

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MR Gadsden said:

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TxAG#2011 said:

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That's because BTC relevance is waning. You can really start to see it these days.

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Really? How so?

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Far less engagement. New entrants, flat not interested in BTC.

Big money much more interested in ETH.

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Isn't this true though? I know I haven't been interested in buying BTC in a long time. I only buy ETH.

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Hard to say, a couple news publications would corroborate as the revenue for them is enticing.

Definitely sensed a shift in the perception within the last year, mainly from the big CT traders.

NTXAg10 said:

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I'm sure the Grayscale ADA etf is just a matter of time.

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Think bigger.

You think they're going to get a leveraged ETF?! Zomg

NTXAg10 said:

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You think they're going to get a leveraged ETF?! Zomg

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Don't forget that IOG will become a F500

SOL is running.

AAVE as well.

Source?

NTXAg10 said:

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Source?

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Me.
I guarantee that I will either be correct or wrong.

NTXAg10 said:

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Church lady is a classic....

Who made you post that? Could it beeee SATAN!

Closing out my trades right now.

Mt Gox release + buy hype/sell news on ETH merger. Hopefully we're getting close to another big shake-out.

Just checked my portfolio. Still not a millionaire. Damn.

I'll try again tomorrow.

$COIN Financials shows some interesting data:

Coinbase financials, page 8: “Interest income was $33 million, up 211% compared to Q1. The increase was primarily driven by our USDC activity, as well as higher interest rates as we generate interest on fiat customer custodial funds."https://t.co/3F2yu9NKaw

— Stacy Herbert 🇸🇻 (@stacyherbert) August 21, 2022

Get your XRP!

Fednow uses Volante, which use Ripplenet ;-)

— MXRP (@phoddler) August 29, 2022

Link to pdf, brought to you by JPMorganCoin, I mean Ethereum:

https://t.co/dAqHg7YlO8

JUST IN☢️: @WhiteHouse releases report "exploring" the climate and energy implications of 'crypto-assets' in US stating "Administration should explore executive actions... to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining"

🐸☕️

— Simply Bitcoin (@SimplyBitcoinTV) September 8, 2022

"carbon" - 64
"Texas" - 23
"grid" - 86
"curtail" - 8
"China" - 17

— Andrew M. Bailey (@resistancemoney) September 8, 2022

FINALLY! Br8ng it the **** on you dumb sonsabeechrs

Did you think letting altcoins persist would be beneficial for Bitcoin? Every altcoin needs to leverage and exploit FUD related to Bitcoin to promote itself. This is the result of that. Thank your fellow "open minded" multicoiner. pic.twitter.com/u7jr9bauIF

— weird mountain man validator (@notgrubles) September 8, 2022

Multicoiners, noise-chasing tradebois, this is your baby to abort.

That report shines a big light on Cardano and their foresight. IOG was thinking about and planning for mass adoption, adaptability,
regulations and energy consumption.