41 sats \ 0 replies \ @HardMoney 25 Apr \ on: FBI warns all Americans to stop using KYC-free bitcoin services bitcoin
I’d love to see comparable analysis for other sports like football, hockey etc. Probably harder to quantify than nba but I feel like football especially is another sport that has gravitated heavily towards analytics. Chunk plays vs dink and dunking for example
What are the largest obstacles for getting ETFs and institutional level investors away from Coinbase custody to multi-institutional multisig?
21 sats \ 1 reply \ @HardMoney 2 Apr \ parent \ on: INTRUDER ALERT! - Shitcoiner at the Meetup bitcoin
Anti debasement and crypto don’t align really. You’re moving from a central bank of fiat economists to a central bank of developers.
Even if he is an Eth maxi the rules around issuance resemble similar central planning as Jpow
Try to have him clearly define what draws him to “crypto”. Seeing that he isn’t a self custody guy my guess is he’s entirely focused on fiat NGU. It’s basically gambling to him.
He is literally just hoping whatever shitcoin he buys goes up by the 10x or 100x
Doesn’t give a shit about sovereignty or better money. Likely doesn’t even understand money if he’s oriented on fiat value.
Blackrock and fidelity aren’t launching DogWifHat ETFs lol. He’s focused on vapourware that is a slot machine. You’re focused on the hardest money ever known to mankind that is becoming mainstream and will suck value from stocks, bonds, gold, and real estate.
I’d try forming the argument that:
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Shitcoins are experiments that resemble tech companies more than commodity money and 99.9% will fail
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Any of the cool features coming from these experiments will be built into bitcoin eventually
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Bitcoin doesn’t give a fuck about crypto experiments / vaporware. It’s becoming a mainstream macro asset to be discussed alongside gold and bonds in portfolio allocation
He is peddling penny stock pump and dumps. You are teaching people about the modern day equivalent of S&P index investing that compounds wealth over time.
MSTR has GameStop like potential to squeeze in a short term sequence. The guy has declared his own funeral
27 sats \ 1 reply \ @HardMoney 26 Mar \ parent \ on: Is custodial bitcoin really worth anything? bitcoin
Better than shitcoin casinos because Coinbase basically incentivizes anyone new to start trading shitcoins.
If Coinbase is the first interaction a new coiner has they will likely “diversify” into shitcoins at some point.
If an etf is the first interaction a new coiner will start with it as 1-5% of their portfolio, see it grow as a % overtime. And may decide to learn more about bitcoin via podcasts or books.
ETF investors won’t rotate into shitcoins as easily as a first time Coinbase user
ETFs improve 10x when the custodial model is multi-institutional multisig.
Obv still less advantageous than real bitcoin but there are certain benefits that make holding bitcoin an option for institutions and HNW people unable to manage keys.
Nightmare scenario is Coinbase fucking up and losing access to keys or getting hacked. Multisig negates this honey pot immensely.
It’s inevitable that fiat rails get connected into bitcoin via instruments like ETFs. A way better top of funnel entry vs shitcoin casinos like Coinbase.
Hopefully many etf investors learn more overtime and decide to buy real bitcoin.
The weird thing about Texas is that sports betting is illegal for betting on teams / money line but it seems you can bet on player stats. Like draftkings is good and this sleeper app has a bunch of player stat over unders for parlay betting