Wall Street asked for a Bitcoin ETF so they could help you buy Bitcoin.
That's weird because you could already buy Bitcoin.
Turns out the ETF wasn't for you. It was for them.
Now they naked short your ETF shares, hedge with futures, source BTC via private OTC, and skim from both sides. All legal.
Self custody was always the answer.
If you’re buying Bitcoin through an ETF, you're buying a derivative of a derivative managed by people whose profit model depends on your Bitcoin being worth less than the market thinks, retard.
MatCo
MatCo@primal.net
npub1sjln...76d7
You can be in Bitcoin for years and still lose the plot.
It happens slowly. The price goes up. You check it more. You start thinking in dollar terms. Gains. Losses. Entry points. Exit strategies.
Before you know it, you're just another speculator hoping number go up.
NGU is seductive. It's also a trap.
Fiat has a way of reminding you.
If you sell some Bitcoin, fiat will kick you in the ass and remind you why you're here.
The moment those funds hit your bank account, the system reminds you who's in charge. And it's not you.
"What's the source of these funds?"
"What's the purpose of this transfer?"
"We'll need 3-5 business days to review."
You're moving your own money. You're being interrogated for it.
That's when you remember.
Not the theory. Not the podcasts. Not the memes. You remember - in your body - what sovereignty actually feels like. And what it feels like to not have it.
With Bitcoin, you’re unstoppable.
That's not normal. That's never been possible in the entire history of human civilization. Kings couldn't do this. Billionaires couldn't do this. And now you can do it from your phone.
NGU is nice. But it can make you forget.
When you're up 200%, it's easy to start thinking about "taking profits." About "rotating." About what you'll do "when the price hits X."
Then fiat reminds you what you'd be rotating back into. A system where your money isn't really yours. Where access is a privilege that can be revoked. Where you're a suspect until proven otherwise.
Bitcoin is not the journey. It's the destination.
There's no price target where I'm "done." No number where I exit. Because what would I exit to? Back to permissioned money? Back to begging banks for access to my own wealth?
Sovereignty is priceless. Literally - no price can buy it in the fiat system. And no price will get me out of the only asset that offers it.
If you've ever sold some and dealt with fiat again, you know exactly what I mean.
NGU is nice. Sovereignty is superhuman.
X down?
GM mudafuckaaassss!
So much junk in the #global feed
I’m proud to say that I’m running my own relay. Gotta love #nostr and #umbrel
Hi everyone - really enjoying the nostr experience via Damus. Amazing to see and be a part of the evolution of this ecosystem #introductions