An impressive feat indeed. But you are one of only 4 of us with 1 strike, so still in good shape.

Great guide. Thanks for sharing.

Here is what he said about that part.

It's: (a) get creation order (b) borrow cash in form of trade credits (c) buy bitcoin (d) exchange cash for btc (e) btc settles into trading balance (offchain).

In a regular end-of-day sweep process, the bitcoin that was acquired in the step above gets transferred from the trading account to the "Vault Balance."

^^ this transaction is on-chain ^^ remember: transactions from the Prime entity to the Custody entity are onchain.

Once the AP that started the process delivers cash to the ETF (which I believe happens on T+1 but we'd need to ask Blackrock to be sure, could be T2) IBIT takes the cash & repays the loan to Coinbase (cash in the form of trade credits) and that leg of the txn is complete.

Not sure. I guess it is whatever is agreed between coinbase and blackrock but he seemed to imply they get settled as soon as trades between blackrock and authorized participants settle.

I tried to use the threadreaderapp but didn't work. Maybe you need to be a premium member for that. He was essentially saying blackrock has two accounts at coinbase a trading account which it uses to buy and sell bitcoin otc and a vault account that it custodies the bitcoin for the etf for. Vault account is with a separate entity owned by coinbase but not affiliated with the trading platform. Trading activities are not recorded on chain but transfers to and from the vault account are. The trade credits mentioned in the tweet is essentially credit extended to them by coinbase to cover the the T1 or T2 settlement blackrock has with authorized participants.

Shirley Manson.

Hey @siggy47 thought you might find this interesting. I saw James Lavish retweeted it on twitter. Teddy Fusaro- President of Bitwise wrote a thread explaining the mechanics of Blackrock's IBIT etf, what is recorded on chain and what is not.

PJ either felt sorry for everyone that he was the only one without a strike or his hot streak made him feel invincible and he jacked up a 3 from half court last week thinking he was Steph Curry and it landed in the 3rd row. Haha

Don't say it. The White Sox are rolling into town and the Blue Jays desperately need a get right series.

Things are getting interesting. Everyone has at least 1 strike now and most competitors have 2. Hopefully we can stretch the pool out for a few more weeks.

It was a foul but kind of a crappy way to end the game.

Philly needs to get a superstar that can actually win in the playoffs. Sounds about right.

Probably because single men are gambling on crypto and nfts trying to get rich to attract women, whereas single women are concerned they will not be able to afford a home if they wait too long or find a suitable mate that can provide for a family because single men are losers degen gambling on crypto.

This is my completely uninformed guess.

Tiebreaker?

I think maybe Steph still could but not the way the Warriors are constructed. If he has a hot shooting playoffs he could definitely still win games/series. But for the most part I agree the torch is being passed to the next group of superstars. I wonder if the idea of super teams has passed or if a couple of the current young stars will try to get together in the future to take a run at multiple championships.

I still think parenting is fun. It's hard but it is fun.

Honestly, I thought this was a given. Didn't realize it was a conspiracy theory that Saudis were at very least complicit.

Yes, looking forward to that.

No problem. The next pick em will be out soon. It will have a deadline this time so you need to get your picks in before the first game.

You had mentioned you wanted to do some posts on the future of some of the teams whose contention window is closing or now closed. Does that tie into the post mortems you want to do?