Hayekian
hayekian@primal.net
npub1wun9...3l7u
₿ ⚡️∞/21M - Immutable digital scarcity
Do not let the inflation monster eat your pig bank
What we think is what we become.
#Bitcoin, any opnions acceptable. How good hashgraph on gossip protocol really is?
Must watch to understand how bad the legacy system is today
"One in seven Americans hold #Bitcoin. They're in every congressional district. They are in every party. They are part of every political ideology. We're everywhere. We are everywhere and we are many in number.”
Stay humble and stack sats. Time in the market beats timing the market.
Bitcoin is about to shock the world for the fourth time. Do not get left behind…
Running a private relay…
Mind boggling...
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Your life will improve on Bitcoin standard.
3rd Texas Curtailing on the grid in the last two days 🙃
Bought my first BTC back in 2017. As a HODLer I'm happy to finally start hashing my on non KYC #Bitcoin
What is the US government's strategy for dealing with #Bitcoin ?
It can seem confusing at first. On the one hand you have @SenWarren crusading against self-custody of Bitcoin (and all of crypto). On the other hand, you have the biggest firms on Wall Street bringing Bitcoin spot ETFs to market.
What's going on? Are these two opposing forces? Or is this part of a bigger plan to undermine Bitcoin in some way?
Let's dive in. 👇
First, we have to remember that the US government is, and has been, closely involved with large corporate interests. It's no secret that corruption in Washington runs deep. So, what are a sitting US senator and the largest asset managers on Wall Street cooking up together?
What's in BlackRock's best interest is for the price of #BTC to perform extremely well, and for people to participate in this price performance through their ETF products. They want to sell paper BTC and hodl it for you. Remember, the more BTC they hold, and the higher the price goes, the more fees they collect.
Liz Warren's interests are very much aligned with those of BlackRock and company. If you pay attention to what she's saying, its specifically self-custody that she's against. If it becomes illegal to move spot BTC to self-custody, then the US will have successfully cut off the flow of capital outside of the dollar system.
They're strategy is to let you participate in the NGU, but your capital would remain trapped within their system.
See how this works?
BlackRock gets a huge win in terms of the AUM and management fee windfall, plus the new rules proposed by Warren, if passed, would force everyone else in America into their products forever. This, of course, is a multi-billion dollar annually recurring windfall for these titans of Wall Street. It would cut off competition from newer players like Coinbase and other onramps. And they will have terminated the prospects for future Bitcoiners in America to be self-sovereign unless or until the rules are changed. It's a win win for them. Huge financial win for BlackRock, and a huge regulatory win (e.g. more control and oversight) for Senator Warren.
Always look for the real story. Liz Warren is lying through her teeth and thinks we're too dumb to see it. Or maybe she knows we know, but she just doesn't care. The reason they're going through this trouble has nothing to do with North Korea or Hamas using crypto to fund terrorism and illicit activity. It has everything to do with the fact that Bitcoin is "outside money", and they don't want people owning money which is outside of their control. We have always known Bitcoin is a threat. And we know that Aunty Lizzy has recently cozied up to the banks. So, all of this makes too much sense to ignore. She has sold out the American people and is now working exclusively to protect the interest of the banksters.
Get as much #BTC as you can and get it off of exchanges as quickly as possible. Time is running out.
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