Fly

https://www.coindesk.com/markets/2024/04/10/hong-kongs-incoming-spot-bitcoin-etfs-could-be-big-deal-heres-what-analysts-say/ Chinese love BTC, will they love the ETF?

Icahn bought 10% of JBLU

What is the exit plan for a stock like this? Yes hold forever as long as valuation supports it… but what if that changes and it is no longer is a hold? Can you realistically exit at a price reflecting your thesis on the stock?

Hence the “boating accident” meme in the community

With something like Strike you use a USD bank account to instantly buy BTC, and send via L2 lightning network to the seller, who can also instantaneously change the BTC for USD which gets deposited to their bank account. No tax liability since the transaction occurs instantaneously. BTC L2 is merely used as a payment rail.

I'm just concerned with the amount of BTC that will be centralized into Coinbase wallets for the purposes of ETF holdings. Centralized point of failure is always an issue, but beyond that what will be the use case for BTC if it is all tied up in ETF holdings? Will we be able to move beyond store of value and back to medium of exchange? This is why I think we see a dramatic rise in BTC price, but then reach a saturation point where this becomes a concern followed by another bust cycle.

So true, this ETF issue will be the rise and the fall of this cycle.

Agree with the Bitcoin vs crypto sentiments. regarding future developments of smart contracts I just don’t see any reputable company using a blockchain they have zero control over. These chains are centralized as you stated, so just adds so much risk for a corporation to rely on something they have little influence over. private blockchains run by the company using them might make more sense, or perhaps niche industry chains where a few companies can share the control. And definitely won’t be a platform token required like ETH/SOL/etc

Painful. Was this back in the old days running the bitcoin core wallet? search your computer for the wallet.dat file and if you find that you can copy it to a new installation and recover the coins.

So true, just look at JPYUSD chart. Dead currencies everywhere!

Agree but that base layer needs to have ultimate security and PoW is the best consensus method when security is the priority. I like to think of the Bitcoin Network layer 1 as the same as Fedwire, slowish but ultimate security particularly for big transactions. The Lightning Network is built on top of Bitcoin as a Layer 2, which would be comparable to something like a Visa/MC credit card network in terms of speed/throughput. Other layer 2s are being developed as well which serve niche purposes (like Liquid) and possibilities are endless.

No, just a narcissistic idiot with no common sense.

I think this is way under appreciated, particularly by those who view all crypto as a scam. The importance of a neutral money free from the baggage of being tied to a sovereign nation is enormous.

This all seems way overdone. Sure, the $80m savings if everyone loses 10lbs makes sense but how likely is it that the majority of the flying public gets on GLP-1 and loses 10lbs? I'll believe that when I see it.

Differentiation between bitcoin and everything else seems to be a key theme of the paper, and an important one. It is difficult to even have a conversation about bitcoin when the first words out of someone's mouth are "crypto is just a scam" knowing they are correct when referring to the recent drama with incidents like FTX, 3AC, and general snake oil sales mentality of 99% of the market. I also feel like "crypto" is just a scam, but bitcoin is a completely separate animal and one that deserves close attention.