Replies (47)

NOPE. THEY BOTH COMMITTED TO SUPPORTING DEVS. THEY ARE LEGIT. THE OTHER ETFS DID NOT SUPPORT DEVS. ONE SPECIFICALLY WAS GOING TO AND PULLED OUT AFTER TALKING TO SAYLOR. I DO NOT FEEL COMFORTABLE MENTIONING WHICH ONE BUT IT WAS INCREDIBLY DISAPPOINTING. I TRIED TO HANDLE IT PRIVATELY BUT IT HAS BEEN OVER THREE MONTHS SO FELT LIKE IT SHOULD BE MADE PUBLIC.
I know everyone is a spook these days with their own motives but I don't think Saylor has the juice to tell BLK or Fidelity who are 500X his size what to do lol. But this was way more helpful than the original post, thanks Odell.
I'm guessing ARK, but I hope not. I would think they understand the importance of supporting the devs, but they haven't made the same commitment as the others.
ETFs have no business investing client money into devs or anything besides spot… that’s some fiat bullshit. Individuals can decide if they want to be charitable or not.
If the claim is true, it would be helpful to include Saylor’s rationale. Maybe he’s got a good point…maybe a point like funding should be through things like opensats and not through corporations.
matt's avatar
matt 1 year ago
The logical question then would be why is Saylor concerned about the direction the devs are taking?
Yooper Hodl's avatar
Yooper Hodl 1 year ago
It’s all so tiresome. Never thought the ETFs and Michael would consume the open source funding discussions. Moving on! @ODELL
HeelsUp21's avatar
HeelsUp21 1 year ago
Because of Saylor? Come on. What influence does he have over one of these big banks. Like, who gives a fuck what he thinks. This sounds like high school drama bullshit.
btc's avatar
btc 1 year ago
Am I not saying that you didn’t hear that but I question why an etf provider would care what he says. I still don’t understand that logic
It’s still confusing to the point of just not making sense. Saylor could make any number of opinionated arguments for his position. But threatening to “crush” an ETF for supporting open development? I simply don’t understand the financial mechanics. Are you certain the guidance was issued this way? As a threat?
Analogue Dog's avatar
Analogue Dog 1 year ago
Big Pharma fund doctors and researchers. That didn't go too well.
Default avatar
Nomad 1 year ago
So Saylor is campaigning against Bitcoin development? So disappointing...