pull down to refresh
related posts
11 sats \ 3 replies \ @DarthCoin 9 Sep 2023
we are all gonna die!
reply
10 sats \ 2 replies \ @JerryGarcia OP 9 Sep 2023
And let me tell you. It's no fun being dead. Well, sometimes it's okay.
reply
22 sats \ 1 reply \ @DarthCoin 9 Sep 2023
I was ded 3 times until now... is ok
reply
0 sats \ 0 replies \ @JerryGarcia OP 9 Sep 2023
Yep. Me only once. I'm grateful for that.
reply
1 sat \ 3 replies \ @grayruby 9 Sep 2023
Blackrock is an asset manager representing tens of millions of people. Their goal is AUM and fees not hostile takeovers.
Now it is possible, maybe even likely, that in a contentious hard fork scenario they would support the anti-pleb chain whatever that might look like.
But I am not worried about them trying commandeer the network, buy up all the miners etc. I am worried about people not being diligent and letting Blackrock custody their Bitcoin and Blackrock having way too large of the bitcoin supply in custody to make any of us comfortable. The solution to that problem is long term holders never selling at any price (borrow against if you need capital but hold forever). There are only 2M BTC on exchanges and that number is declining. Even if blackrock acquired half of that they would still only hold less than 5% of total supply which is lower than their stake in many large companies where their funds own 7-8%. Although 5% is still way too high. Stack those sats now and get them off exchanges.
reply
31 sats \ 0 replies \ @badabing 9 Sep 2023
Indeed, stack as much as possible and get them off exchanges. Even better, buy non kyc. There is/will be paper bitcoin, up to us bitcoiners to sniff it out and pull a good ol' bank run on them.
reply
10 sats \ 1 reply \ @JerryGarcia OP 9 Sep 2023
If they bought up all the available supply the price would skyrocket, right? Then all the Wen Lambo boys will cash in and BlackRock will buy up their bitcoin at high prices. They have deep pockets. Look what they did to the single family housing market after the GFC.
reply
21 sats \ 0 replies \ @grayruby 10 Sep 2023
I think the wen Lambo's guys are the ones who have coins on the exchange but as the million dollar man said everybody's gotta price. Haha
reply