Oddbean new post about login | logout Sometimes tradfi people tell me that bitcoin is "captured" now that there are ETFs and such. When that happens, I usually tell them to give me a lightning address and I'll send them some anon sats. None of them has ever taken me up on that offer. I gave this dude an opportunity for 1,234,567 sats or like $700 and he went dark. I don't think they know how to use wallets. They are only think-bois. https://m.primal.net/JqnI.png
Well of ourse, cause if they just tried it instead of writing about it, they would understand
He probably didn't think it was worth it because according to everhthing I see online bitcoin has such high transaction fees he would have only actually recieved about $2.
Tradfi=traditional finance?
yes
Traditional values = your money isn't really yours nostr:nevent1qqsqu32274g54aag0rr3u86t73ngjgxeu2chz4lxr8qz8gcgmvrhj2sppemhxue69uhkummn9ekx7mp0qgsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncrqsqqqqqp9wa9qu
Morons. Even before I was convinced btc was a good idea, I sure as hell still would have taken any amount for free.
Chadette. https://m.primal.net/Jqoi.gif
Did I make the deadline? lnbc1pnt97ulpp5u0s5sdqfkktty77u50mlfe0at9c9wurk8h7se54j90yhdtnnc4fsdqqcqzzgxqyz5vqrzjqwnvuc0u4txn35cafc7w94gxvq5p3cu9dd95f7hlrh0fvs46wpvhd2a7axn9r4e6pvqqqqryqqqqthqqpysp5svx95rtq7j2vtkt9gdkvcshhsqxeq6x5gtplrq39xprs85mk74eq9qrsgqs6texvxrdx3whsj2yyk0alu8pzuhcd2fxwygneplmp38x4y8jguq72pdmnh4mm7e4m5uusznrz9lnedt6wx6zdpqdd09w0ucymrkg0gqfz3x8s
You are wild Lyn
Our friend Peter Schiff is coming out with the same discourse
It was probably a bot.
Awesome 👌
Tradfi and Shitfi on X. I did not miss X , thanks for the reminder
the thing with epislon theory is he has a point; but the point is only relevant for the Bitcoin that wall street own: even if they held 90% of it the promise of Bitcoin could be delivered by the 10% they did not
Brilliant, stealing this method!
Wow ! That’s just plain dumb
Ben Hunt is a poor man's Taleb. Said all the right things, and then when the solution was presented, couldn't deal with the fact that he hadn’t thought of it. Also both went crazy during the covid psyop, Taleb, more than Hunt, but Hunt too.
Ignorance is expensive. Let them find out the hard way, if that's what they want 🤷🏻♂️
"Captured" can mean many things. For example the gold price is captured because the "spot" gold price has nothing to do with spot, it is a paper gold price and is the nearest month derivative price. If you can print unlimited fiat to sell short unlimited (often naked) derivatives then you have captured the price. You can spoof volumes and costs by using off chain trades that may or may not be settled on chain later. Wall st is a spoofing machine and a fractioning of assets(reserves) machine. Its practically all they do. Which is why I am no fan of ETFs and other financial products based on bitcoin. But they will always exist so we need to get used to that.
It’s a real ego killer for him in the future. Regret is hard.
Such a large invoice was a risk! They could have proven their point! There is an issue with that size of an invoice where if the right invoice from the right lightning wallet(alby?) was issued it couldn’t have been paid. When bitcoin rocks was paying out million sat zap grand prize winnings they wound up needing to break the payments into 500k sat chunks to make sure it would get to everyone who won depending on their lightning wallets. Not to mention if they had posted a self hosted address and there wasnt enough liquidity in the path. Risky!
The issue you mentioned might be simply a limit on our legacy Accounts. We can't process ANY amount of sats... but you can, with Alby Hub there is no limits other than channel liquidities ;)
How about you try fedi:user:@npub1ckaef522nwx0ay6xms4l7zrwvtgwz9w74p3zqxrqyvycfn2cugqs7nuer5:m1.8fa.in for LONGEVITY 21🧡🙏. Any PRACTICAL questions on longevity are welcome
LOL your most based note yet, I love it, yeah so theres 700 000 BTC in an ETF, doesn't mean the protocol is affected at all, been working the same before and after the ETF
7 figures would be a hell of a zap
Was he scared of those terrible unregulated, uncustodied sats? 😁
Bitcoin is captured now that there are ETFs and such. 123 sats will do it :D
I’m a think-boi in tradfi as well! BITCOIN IS FULLY CAPTURED!!!! (Come on, big money, big money.)
A little effort can go a long way.
lnbc12345670n1pnt83xwpp5ztvkpwu2lk0efh70zxa6jkvcvcs5j4r3ukjlsf9f97fxje7unuqqdqqcqzzsxqrrs0fppqah0zn5s4w9k3zhl69vz0hqxygdpp53gksp5kfcg48uumw86wycllnps3zkhq4ga9lkr33tmdc2pm6fvcks864kq9qyyssqffdz2dkusn7parxed4fudfameczpjqvas7zunx4nmae8fszw6m95w6y7ns5k3tv760exe2yls4kwjh9nnk5kdsnrpfnn852hvxud9lspjqsfdn
It’s captured if you’re lazy. It blows my mind how people think this is it, technology keeps moving and fast. The tools we have today are like dialup compared to what will be built atop Bitcoin in the next 10 years. There WILL be robust privacy tools and fast scalable layer 3 solutions at the very LEAST!
