Larry Fink has come to smother Bitcoin in paper bitcoin forever...


Cryptonauts we love you!! But frens, Romans. countrymen, lend me your ears.  The ignoble Fink has come not really to praise King Bitcoin, but to bury her!  bc395cd5d251fdc5923a8cad0eafd5721791761cd9a662318ebe39874a8d1b46.png

The penny finally dropped!! Yeah once Larry was FUNNY about how much he hated BTC !!  The index of money laundering, he had to SHOW OFF!  Ah ha ha Larry DID make a good funny there!! But now he is SO nice, inviting Bitcoin to the party.  Saying Bitcoin will revolutionize EVERYTHING!! 

Did Larry just come round?  well ya his position changed, now he's hodling giant bags and has world class infrastructure set up to PLAY baby!!

But THAT's not all.   It's the revenge of the Cantillon positioned paperhangers after all, cry for the scarcity of bitcoin!  

0384e09f8f5b3a3a923893516220e66f232fb3a45f20f92a805f8761cfe3e6a7.pngTDLR:  the REAL STORY:  anyone who thinks ETFs are cool for bitcoin should go find a goldbug to talk to.  It won't be THAT hard cuz THEY LOVE TO TALK AR AR AR AR 

Ask that goldbug who thinks gold is good money what about that paper gold!??!   Goldbugs believed in scarcity and limited production of gold even as Satoshi told us there will only be 21 million ways to own a bitcoin.  Welp, guess what = Blackrock prints up a trillion dollars of btc ETFs, and pow a trillion has moved into BTC without affecting the supply and demand AT ALL for competition of them 21 milly.  It's a sad sad day for absolute scarcity lovers.  It turns out BTC CAN be counterfeited. We need reading music. TLDL: vaguely appropriate. 

OK where were we oh ya !!  OH YAH !! VIRGIN BITCOIN KILLAH!!!! 

 

e501646b86a72ed836a9178849109d23c4fcfe365e6be842ff2d4ec77080fb64.pngTLDR: Seriously.  

BUT WE are here for the FUNNIES!  & just think the ETF market will be SO much easier to control and manipulate than the REAL exchanges!!  Wait that's not funny.  Well maybe the market will bifurcate, and the price of REAL btc will float ABOVE ETFs... just like it does for paper gold vs real gold now.   That's KINDA funny, don't say that in front of the goldbugs tho ar ar ar ! 2a9542fad648839dfb55591f558811361db85cf133193c719073a41075fdad4e.png

Not that long ago - less than 100 years - the US gummit grabbed all the gold, doubled the price, and gave some back to control the money.  It was illegal for Mericans to hold gold.  Now, one of the CRUCIAL qualities of Bitcoin is getting VIOLATED while Larry sings praises of the qualities he has come to destroy.   Paper BTC ETFs got no keys!! no self custody!! Banks control it all all the time!! No scarcity, infinite supply!!  Censorable, reversible, the list goes on & on.  Paper freaking btc.  The revolution ends not with a bang but with a giant pile of paper. 

It took us a while to understand Larry.  It's a very smart power play by all the big boys together.  It kinda DID work to take down the importance of gold vs. fiat.  Will it work against King Bitcoin??   It already has at least somewhat, and Larry knows it!!   

Or will the goldbugs unite with REAL bitcoin lovers and demand ACTUAL bitcoin as a pure and true international market!??!??  Hey accept only really good imitations ar ar ar !! 

Dunno but we need to snooze.  Love you guys, thanks mighty Watch Army for taking this ride. 

Keep those recruits coming, the work of your Mighty Watch Army is piling up!! Take astoundingly smart care of yourselves, we need y'all! The game is ON baby!! 

peace out

love 

dave

 

 

 

 

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


Hi, I am Dave, and I just got hooked on crypto !
Hi, I am Dave, and I just got hooked on crypto !

After decades motorcycling in NYC to work on Fintech and play punk rock, I just woke up to Cryptocurrencies and fell in love like never before! Blogging for the hell of it while learning my way through this awesome, deeply revolutionary evolution in money. Join us while we laugh and flip off the central banks and their currency debasing governments! Stack sats to the Moon, Lambo, don't reck, FUD, FOMO, wild wild west, bless Satoshi!

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