15 sats \ 2 replies \ @DeezSats 30 Sep 2022 \ parent \ on: Bank of England bails out BlackRock bitcoin
So blackrock mismanaged it and now needs a bailout. It's the same thing.
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0 sats \ 1 reply \ @tomlaies 30 Sep 2022
I'd say that it isn't blackrocks fault that we live in a monetarysystem that is basically like a shitcoin where a centralized entity can rugpull. Because that is basically what happened.
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41 sats \ 0 replies \ @siggy47 OP 30 Sep 2022
BlackRock in particular is a prime beneficiary of the "Cantillon Effect." This essentially means, “he who was close to the king and the wealthy”, likely benefitted from the distributional choices of currency through the system. Basically, BlackRock's connections to the corrupt central bank systems ensure it benefits most from the corruption
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