Van Eck: We Celebrate Bitcoin Builders, Not Tourists \ stacker news ~bitcoin

Van Eck: We Celebrate Bitcoin Builders, Not Tourists www.vaneck.com/us/en/blogs/digital-assets/we-celebrate-bitcoin-builders-not-tourists/

5257 sats \ 15 comments \ @kr 11 Jan bitcoin

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152 sats \ 0 replies \ @DiedOnTitan 11 Jan

A bitcoin ETF feels like an old technology wrapped around a new one. Reminds me of eFax service: Receive your email via fax! That way, you don't have to learn about this whole new complicated Internet thing.

83 sats \ 6 replies \ @siggy47 11 Jan

Man, these MFers did their homework. I can hear the marketing team: "Remember it's hodl, not hold."

476 sats \ 0 replies \ @jeff 11 Jan

Right?

Thank you, Satoshi, for launching the most important financial freedom technology of the internet age.

Right in the feels.

10 sats \ 2 replies \ @jbtc_ 11 Jan

Nah, don't let them fool you. They think HODL stands for 'hold on for dear life': https://twitter.com/vaneck_us/status/1744468060247835024?t=4edugdjwWMBBORW5UEeQyw&s=19

1 sat \ 0 replies \ @elvismercury 11 Jan

I thought the same thing. Then thought: what really would have been badass is a footnote that said something like We know this isn't really what it means. along with a link to the original forum post.

Then I thought: I wonder if some marketer / PR drone told them it would be a bad look to associate themselves w/ bitcointalk. Like it would be a bridge too far.

Would love to know the real answer, but of course we never will.

0 sats \ 0 replies \ @ZezzebbulTheMysterious 11 Jan

How do you do, fellow kids?

Still. Van Eck has been a proponent of Bitcoin for years, and comments like:

"When U.S. spending was out of control in the 1960’s, my father launched the first gold share fund in the U.S., even though gold had been pegged against the dollar for about 190 years. Investing in gold bullion was illegal at the time. Three years later, the peg broke."

show that this is far more than just a tourist.

I may buy some HODL (VanEck BTC ETF), which could be used for tradfi leverage plays, securities based lending positions or other bank recognized collateral.

1 sat \ 1 reply \ @clr 11 Jan

Very good point. It seems they know what words to use to look like they are on our side. Wolfs posing as sheep.

0 sats \ 0 replies \ @anon 12 Jan

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12 sats \ 1 reply \ @ez 11 Jan

They also made a similar pledge to donate 10% of profits from its ether futures ETF to Ethereum developers in October last year.

Why only 5% for bitcoin?

44 sats \ 0 replies \ @BitcoinIsTheFuture 11 Jan

The ETH one tanked. 10% of a little is a little. The Bitcoin one will soar and 5% of a lot is alot!

0 sats \ 2 replies \ @piecover 11 Jan

Still new to Bitcoin they are saying things like CrYptO community, BlOcKcHaIn, no there is Bitcoin and everything else

0 sats \ 1 reply \ @elvismercury 11 Jan

They're not new to bitcoin, they're positioned for other crypto ETFs. They will never present as hardcore maxi for that reason, and probably others.

0 sats \ 0 replies \ @piecover 11 Jan

So they are shitcoiners then? Just say it

0 sats \ 0 replies \ @ZezzebbulTheMysterious 11 Jan

For the record, Hold On for Dear Life is a backronym.

GameKyuubi coined this phrase Dec 2013 in bitcointalk topic 375643 as a drunk misspelling of 'hold'.

0 sats \ 0 replies \ @Car 11 Jan

this should have been in the ~builders territory