Oddbean new post about login | logout THE SUITS TRIED TO KILL BINANCE WITH SBF HELP. SO CZ KILLED FTX. THE SUITS REGROUPED AND HIT BINANCE HARD. THEN COINBASE CUSTODIES ALL THE ETF BITCOIN. ARMSTRONG FULFILLS HIS DESTINY TO BECOME THE DARK LORD OF THE COIN. THE ETFS ARE A LOBSTER TRAP. BITCOIN GOES IN. NEVER COMES OUT. https://m.primal.net/HSdE.png
FREAKS DO NOT GIVE THEM YOUR COIN
Yes! Now's time to HODL like hell. Make them pay high prices on the margin. Don't sell unless you really have to. Make your early conviction count!
Live by the Sword, Die by the Sword
This 👇👇👇 nostr:nevent1qqsy4xv8rqu7gyug63ay3ckwstgp8m3wfclmctjnksg3yfjjj7p67uspr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qgsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgrqsqqqqqp3th9zt
Hotel Coinbase-fornia
Fidelity is the only smart one here.
I see a ton of miners using coinbase and it bewilders me every time.
the master enemy was always wallstreet
This time when he tries big blocks it will have more ooomph
THE ETFS ARE A LOBSTER TRAP. BITCOIN GOES IN. NEVER COMES OUT. nostr:nevent1qqsy4xv8rqu7gyug63ay3ckwstgp8m3wfclmctjnksg3yfjjj7p67uspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqpxfzhdwlm3cx9l6wdzyft8w8y9gy607tqgtyfq7tekaxs7lhmxfqvzqqqqqqy9z768h
Good guy Fidelity.
Microstrategy ?
Yeah, I was wondering about MSTR too. Not sure if it’s been disclosed.
I think it’s some Coinbase and some Self Custody. But that’s a good question.
Education is key. Bitcoiners just keep Bitcoining, convert as many noderunners as you can. Every node counts.
Is Microstrategy coin holdings with coinbase as well?
THEY WANT TO PREVENT YOU FROM OWNING THE REAL ASSET.
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🕯 2026 Bear Market 🕯
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The bear market will cleans the cheaters. 🤞 Bearmarket came in (was hoping for some cleansing), half NPCs stayed, some normies getting denormed. 😒 Was hoping for something more powerful tbh and a cleaner, purer slate.😏 All these traders though kept them in the loop with promising gains. 😒
CAPS ODELL!!!
Just as every dollar is only three transactions from returning to the government through taxation, every coin is only a couple steps away from being sold to a big asset manager as people and corporations peel off coins/sats for profit taking and conversion to fiat. The sooner we can get to a circular economy where we never convert to fiat the better. I am really interested to see what the whales do with their coins at the peak of this cycle and the effect those movements will have on price.
You’re right.
Wolf in sheep's clothing! You want exposure to bitcoin, buy bitcoin and self custody it! Let's pray Coinbase is properly audited!!!!! nostr:nevent1qqsy4xv8rqu7gyug63ay3ckwstgp8m3wfclmctjnksg3yfjjj7p67usppamhxue69uhkummnw3ezumt0d5pzqpxfzhdwlm3cx9l6wdzyft8w8y9gy607tqgtyfq7tekaxs7lhmxfqvzqqqqqqys26enw
Maybe US debt so high they will eventually confiscate the BTC (under one pretense or another - cyber attack?) and reprice Gold to rebalance debt ratios.
And achieve what?
Your post is getting a lot of comments. Added to the https://nostraco.in/hot feed
Boom 💥
Yes. I have been screaming to anyone who will listen that Bitcoin EFTs will be elder abuse at global scale. Bitcoin ETFS are the vehicle by which the fiat system will appropriate a major portion of Boomer real wealth that would otherwise be inherited by Millennials and Gen Z and beyond. Protect your elders. Rebuild trust and teach them self-custody with you as the fall back to manage it for them as they advance in age. Educate them that their stack is not for you, it’s for their grandchildren’s grandchildren. C A L L Y O U R M O T H E R
The ETF is to keep the boomer wealth in the system stealing it from younger generations
I'm keeping my lobster
So what is the path for a say 70 years old (not computer savvy) person whose assets are in IRA.. if she pulls out all her money, she needs to pay hefty tax ( almost 30 %) right at the gate in the year of withdrawal.. she wants to keep her money with an institution she trusts (and has contacts with) , but also wants to participate in #btc economy.
She could start pulling out in increments....and ask her grandkids (?) to help her self custody. She has to take required minimum distributions from the IRA at 73... She can take those withdrawals ea year and reinvest in sats. Government likely will try to raise taxes so might want to consider front running them by pulling more out of the IRA now.... Maybe speak with Morgan Richard who is a CFP and BTC money manager. 😉
Bigger possible issue is taking custody in self directed structure as the trustee may be regulated like gold. no official guidance yet but it’s coming. They wanna force you into their Bolshevik banking cartel custodians/ ETFs. Unchained has an interesting solution but then you’re giving control to a custodian like Solera for 1 of 3 keys…because the IRS wants to ensure there is a reporting mechanism if and when your assets move. It’s a serious problem that few understand or can solve for…which is a shame because most of the fire power lives in qualified accounts. If we’re gonna win on this front we need better solutions…otherwise folks are gonna capitulate and feed the beast via ETFs.
after much thinking my conclusion is custody is for next generation.. most of my gen and older would Max use ETFs .. only few fifty plus have the tenacity to learn , understand and maintain self custody .. even those who do , will never go full throttle because risk appetite diminishes with age .. most of us would be stuck in ETFs or exchanges at best .. but it is not a bad thing , at least youngsters can own their money and it sure puts a check on unhinged printer :-)
Fuck BlackRock and the ETF’s. I’m the real lobster gatherer🦞 https://image.nostr.build/6e783cfa0bcc473001bef1ec5955ae91963203d2fddad21ad72e2e7082d7256c.jpg https://image.nostr.build/dc0e90570bc0ab491f38a7f97a4679434bd03b83a21ddeb1baea03c3772ee749.jpg https://image.nostr.build/fe0b1114a730cc45975e2a36869688ee607a6c32c932fb48d4e8493105d29886.jpg
At least Fidelity understands.
This is also hilarious news for mETH heads. Coinbase now has unlimited institutional resources to run a death star staking node and fully co-opt the governance of that protocol.
Yup. Then the IRS provides official guidance on qualified account holdings (IRA, ROTH, SoloK) saying trustees can’t custody BTC and have to custody with a bolshevik banking cartel approved custodian (same rules as holding physical metals). Im still not sure how to get ahead of this. OnRamp’s structure makes sense but I dont trust their CEO. Same goes with Swan. Any other more mature players with a multi-sig + multi-institutional structure? who can actually execute a multi-jurisdictional option later? @caitlinlong ? @steven ? @jack mallers ?
ETFs are a black box rife for rehypothecation, let them get rekt like everyone else who tries to be a custodian
Stupidity and greed allow them, as in the case of gold, to capture a genuine medium of exchange, tame it and turn it into what it is (was) pitted against. we shall see
NPCs on X and Reddit praising this for NGU and feel happy dying with a lambo on the altar of FIAT. None stuck to the original ETHOS of Satoshi. And yes, screw my LN stupid wallet, it mostly is a glorified spreadsheet, but can’t use Samourai on Nostr, which pisses me off even more.
nostr:nevent1qqsy4xv8rqu7gyug63ay3ckwstgp8m3wfclmctjnksg3yfjjj7p67uspr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9upzqpxfzhdwlm3cx9l6wdzyft8w8y9gy607tqgtyfq7tekaxs7lhmxfqvzqqqqqqyz8yktw "THE ETFS ARE A LOBSTER TRAP. BITCOIN GOES IN. NEVER COMES OUT."
Can we persuade Bitwise to custody anywhere else?
