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 @npub1an84...z6yg 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?

slowly getting over whatever part of my ego that was convinced michael saylor was just an insane corporate larper “that dude is too midcurve to be correct, right? isnt doing that share issuance/dilution thing going to get him rekt?? at what point exactly does his board dump his insane ass?” no no, turns out he’s probably the “right” amount of long term thinking and all in conviction which is legitimately insane behavior but dear god correct me if im wrong but one thing that feels very rare thing about saylor, situationally, is that he’s a successful dude who maintained his ability to keep placing interesting bets seems like other wealthy people stop exploring at some point? or get afraid of losing it all? or are so consumed with other stuff or get weighed down by boards etc that they lose either the ability to bet big or the foresight bitcoin really has done an insane job living up to being the realm of the self-sovereign 🤔

very confused about how we're going to fill the etfs and also blocks wont the btc get locked up in cold storage? what bitcoin is gonna be available to transact onchain??

regular reminder that lightning *is* a “shared utxo” protocol that uses covenants (and multisig) to scale bitcoin payment tx thruput most of the commentary against it points out that it does not scale number of holders in relation to # of utxos. in my mind this is a good sign of the protocol’s success (it shipped and people use it and they found drawbacks with the MVP). It’s also a sign of bad messaging around the applicability of 2-party accounts to certain payment situations (venmo for example) sometimes it is useful to have multiparty channels; i’d argue that liquid is one such example of this. federated mints are another one; note that both of these multiparty systems require consensus algorithms to function. fedimints were using BFS, (iiuc they just changed to a new one). liquid uses “nakamoto consensus” aka a blockchain to keep track and agree on shared balance states Lightning was shipped as the minimum viable product to scale tx thru-put and it succeeded at that. it did this with minimalist, 2-party design as consensus from 2-parties is the simplest case. this meant it could avoid tricky consensus questions and focus on privacy + throughput instead shipping multi-party utxos at scale will require a solutions for managing consensus amongst stakeholders in the “shared utxo”; see Ark and already existing federations for examples of contending with this problem 🫡