Bitcoin is being hijacked buy Wall Street and everyone is excited. 🤦♂

You know they will leverage the shit out of it and rehypothecate.

When the shit hits the fan they will try to manipulate it and when that clearly won't happen they'll fork away and blacklist the current chain transactions.


#induecourse


by * 😉


typo nazi


Or they loose and their greed will undo them


We must not let this happen. I believe in the ingenuity of cypherpunks.


fix your bio

"A NIP-05 identification service" instead of "An NIP-05..."


They'll have to show proof of reserves for audits. I think we'll be fine. And if not, it's a screaming argument for why not your keys not your coins is important.


That’s the fun part.

The state is in a collision path with freedom tech, almost by definition.

BRING IT.


Just another test. Tick tock


Plebs vs. State


As long as the powerful stand to lose their power, they will continue trying to rig everything.


Bitcoin is a Truth Machine feeding of Lies.
Every attempt to destroy it will make it stronger ans therefore the attacker weaker


Producers vs leeches

It’s always been this way; it’s just the 20th century was fantastic for the leeches and we’re still living its tailwinds.


This happened before.


I think the "good" people's republic of America will have much more trouble forking bitcoin then you think. Never give up your nodes or your miners.

Every hodler should buy an Apollo, point it at Ocean, and save the planet.

Agree on the leverage and paper bitcoin. The banks will get wrecked. Paper hodlers will be wrecked. No bail outs in bitcoin world.


They will try to force a bailout and the masses impacted with blindly follow


Didn’t several of the def-fi scams just borrow from one another or other sources to get through their proof of reserves audits?


digital scarcity is gonna rip the ass off of someone


paper bitcoin has no scarcity. you can literally create any amount if the situation demands


zapped this post 100 paper bitcoin


I think paper bitcoin is inevitable. There will be many shakeouts as they come to terms with the new reality of absolute scarcity and 24/7 global settlement.


I see your 100 paper bitcoin and zap back 1 trillion paper bitcoin


circlejerk lol


Yeah ngl im a bit disgusted by the people cheering for the ETF.
/shrug.

I don't really like it but I also recognize that something like this was probably inevitable.  We're definitely getting into the stage where corporate entities try to capture Bitcoin via regulation. or at least much more overt attempts.


Except they were reusing


Can you imagine BlackRock getting liquidated and finding out there are no bitcoin bailouts?

WILL BE GLORIOUS


Would you mind explaining to this ignorant pleb what that sentence about Apollo and Ocean means?


Inshallah


Of course, where there's profit to be made off of suckers, profit will be made. Thing is, there's no absolute scarcity in paper bitcoin. Shakeouts will happen until a shakeout becomes "too big to fail"


If #bitcoin can be hijacked by a bunch of Wall Streeters then I don’t need it. It failed its purpose.


Bitcoin is not static, it doesn't just Work / Not work. Bitcoin is the network and the current consensus. What we do defines whether it works or not.


Is that CSW waiting in the dark corner?


Somehow I doubt they will roll over for that.


gross


Such is the nature of things. Let’s see how it plays out. Wall Street was always going to become involved.

Much like gold, bitcoin can outlast any institution or regime. How it is treated and viewed will change over time. Such is life.


THEY WILL GET REKT AND IT WILL BE HILARIOUS.


They can try crying harder or forking a bailout and finding out


😂😂😂

nostr:note194zepadrnm53mqx67wg9k5rl8dd3mlnc0xhqg734nldztxf0d2qqk2u9eu


I agree but think it through further. After they fork to save their ass, jurisdictional arbitrage will fuck their fork. Remember Bitcoin's incentive structure is that everyone is holding a gun to everyone else's head. You think Saudi, Russia, China, ect want to own Blackrock/USAgov Bitcoin? It will be ugly and scary but they will get rekt.
https://image.nostr.build/079d4e920ef9b397ee3d84e5f38efee3eee044f078905e286fd8def6bae49364.jpg#m=image%2Fjpeg&dim=1199x675&blurhash=iDC6Gf9E%7EWemxbIoofR*oL%24%24t8R*t7oLNGt7RjoM0etm9ZkXe-ayt7WCR*R%2BV%40xaofRjxuRit7WAt7RjxuRjW%3DWVjZbHso&x=188b07fadb7200c18a2c0327c8b376ccb24fbed167093ebf0261d0908c63c826


It is precisely those outside forces that will try to collude to save their asses.


Bitcoin is being hijacked buy Wall Street and everyone is excited. 🤦♂

You know they will leverage the shit out of it and rehypothecate.

When the shit hits the fan they will try to manipulate it and when that clearly won't happen they'll fork away and blacklist the current chain transactions.


They're not hijacking it. They will be the ones that get hijacked in the end.

nostr:nevent1qqsfg37f3g43d3smklm05zm70exdz9pqvzec9pelrerrzkhcsrpexrqpp4mhxue69uhkummn9ekx7mqzyqduwzspfzelx9k6x0lrez0j8cl8rtz0lxvqylk8z2ustnfy76jpzqcyqqqqqqgwvk8cw


I agree, even if they do fork it, the odds of it going the way of bitcoin cash and other shitcoins is very high.


And they'll be rekt in the end. Bitcoin is permissionless, nothing we can do to stop them.

And there's nothing they can do to stop us.


There's no hijack as long as it stays proof of work.


I think you are underestimating the incentive of greed. Anyone of those entities would glady watch the others burn for a larger slice of the pie. Deep diving into Bitcoin's incentives and human nature gives me so much hope against the darkness.


Hahahah


I'm excited for the insane supply shock that this is going to cause.


Your post is creating a buzz.
Added to the https://nostraco.in/hot feed


They'll have no choice. Millions of investors will be demanding it


https://shop.futurebit.io/products/pre-order-apollo-btc-a-bitcoin-asic-miner-and-desktop-class-computer-running-a-full-node-and-much-more-batch-1-ships-in-late-april-to-may

https://www.ocean.xyz/


Bitcoiners remember, you mess around with yield hopium and off chain nonsense like hypothecated exchanges, you will get wrecked. A painful experience many of us learned in the early days.


Thank you kindly


Self Custody, and go sailing.


idiots everywhere


I hope they fork it so I can dump on them.