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Like it or not, we “need” legacy finance to come into this space imo. This shit is absolutely ridiculous. bring on the fucking black rock etf

I think this paper bitcoin thing is overblown. as is well known, most equity etfs lend out their stocks. But nobody says stocks don’t go up because there are a lot of “paper stocks”. Bonds are the exact same thing. So is most assets. I don’t get the difference.

0 evidence to support this. Not even a shred

Why do you say this? Also why do you think Blackrock would do this if they think they are going to get rejected?

Also, as was clear as day after the 2017 blocksize wars, no fork of BTC is going to replace the real BTC. This has been tried several times and failed (bitcoin cash, bitcoin SV and others).

This is such a huge freaking deal 2 quick things... 1) This is 100% an ETF. Basically same structure as GLD. Don't let the fact that it is a trust throw ya off. ETFs can be many different types of legal entities under the hood ... trusts (grantor, unit, etc), partnerships, commodity pools...

This post*

In my nightmares I just see this lost over and over and over and over again.

I guess ICAP doesn't know this market only exists bc of fake Tethers.

So you think their stated asset mix that was linked to in the first post of this thread is fake?

I don’t understand the thought that they print tethers out of thin air? You send in US dollars, they invest said US dollars and give you an equivalent amount of USDT. Why is this so hard to understand? Now is it possible that their investments of said US dollars was in shady stuff that could’ve...

wow with all the money tether makes this is a huge freaking deal. Bears in shambles.

They own 1.5BB of BTC and have a 2.4BB cushion tho. Even if BTC went to $0 (@Pekelo has an orgasm) they would still be covered. If BTC went to 0, as you said, a lot of other assets would follow. That being said, most (85%) of the reserves are in US treasuries which would probably go the other...

So you come to the conclusion that the 80BB worth of assets were just there for 1 day? And that basically BDO is getting played? Seems like a huge stretch. Skepticism is fine (hell I have been very skeptical of Tether too, and have never nor will ever transact with Tether) but when facts change...

I admitted this isn't an audit BDO is a legit company tho no? They are putting their rep on the line for this attention. I don't follow your simple thought process of attestation(from a legit company) = tether is a fraud and that the "case is closed". What? You are totally reaching here. Do...

https://www.coindesk.com/business/2023/05/10/tether-reports-148b-profit-in-q1-reveals-bitcoin-gold-reserves/ What do the tether/crypto tin hat wearers say about this one? Tether reported Q1 results and they are pretty insane ... - ~1.5BB in net profit - ~2.4BB in EXCESS reserves ... aka...

alright mr pekelo let me ask ya this do you have a good explanation as to why, despite you saying they are technically superior, bitcoin cash, bitcoin SV, Litecoin have essentially no market cap, no developers, no miners, no users, no settlement volume and no interest? Why do you think that...

is this written in a foreign language I am not aware of? Is this pig latin?

serious question how does anyone say it has crazy transaction costs anymore? I moved 50 K worth of bitcoin the other day on the base layer and a cost me less than one dollar. If I would’ve done the same transaction on the lightning net work it would’ve cost me less than one cent! Don’t just...

I honestly loved this segment. These three clowns deserve all the scorn and hate heaped upon them and has given the whole industry a black eye. Sam alone set the industry back at least a year. What we really need is a cryptocurrency that no one can control or manipulate or use for their own...