Tranche on Nostr: LynAlden giacomozucco So I have to confess that I did not anticipate the “fight ...
LynAlden (npub1a2c…w83a) giacomozucco (npub1au2…t53j)
So I have to confess that I did not anticipate the “fight you” phase playing out as it is. Let me unfold my thoughts on this:
I had expected coercive measures from the get go. Such as “must declare on taxes”, “illegal”, “KYC only exchanges” and so on
But what I think is unfolding is much smarter and darker. It’s a “buy out” strategy. Not even using government fiat money but using everyday regular Joe’s money. The ETF being the proxy tool. It’s based on the “everybody has a number” theory. Here’s how it goes:
Step0 - Very Weak Hands: let me give you 50K to 70K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian
Step1 - Weak Hands: let me give you 100K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian
Step2 - Medium Hands: let me give you 150K to 250K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian
== at this stage I expect that 45 to 60% of all BTCs are either in custodian or in US corporate companies such as MSTR
Step3 – Strong Hands: let me give you 500K to 1000K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian
Step4 – Very Strong Hands: let me give you “your number” per Bitcoin, even 10M if that’s what it take. They sell. BTC goes into Coinbase and other such custodian
== at this stage I expect that 75 to 85% of all BTCs are either in custodian or in US corporate companies such as MSTR
And along the way there will be:
- orchestrated rug pulls to create FOMO on the fiat splurge. It will be hard to resist for a long time… if you see BTC at 1M and then down at 200K and then back at 1M when do you not sell ? only the strongest Lions
- mandatory KYC/OFAC transactions. Meaning once enough coins are in US custodians they are either frozen to death or not moving unless its KYC
- at some point they might try to ban transactions outright
- they might decide to kill BTC via rug pull of the price or to keep it as a geostrategic advantage
So what could be left?
- Maybe some coins moving around between citadels and federations, but we’ll need to add zeroes to break down satoshis further in order to have enough flowing
- Maybe a fork with an OFAC one and a Rebel one
- You can’t kill an idea so maybe there’ll be a Bitcoin2 initiative
Truly I hope I’m wrong but this “buy out” possibility is terrifying
So I have to confess that I did not anticipate the “fight you” phase playing out as it is. Let me unfold my thoughts on this:
I had expected coercive measures from the get go. Such as “must declare on taxes”, “illegal”, “KYC only exchanges” and so on
But what I think is unfolding is much smarter and darker. It’s a “buy out” strategy. Not even using government fiat money but using everyday regular Joe’s money. The ETF being the proxy tool. It’s based on the “everybody has a number” theory. Here’s how it goes:
Step0 - Very Weak Hands: let me give you 50K to 70K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian
Step1 - Weak Hands: let me give you 100K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian
Step2 - Medium Hands: let me give you 150K to 250K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian
== at this stage I expect that 45 to 60% of all BTCs are either in custodian or in US corporate companies such as MSTR
Step3 – Strong Hands: let me give you 500K to 1000K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian
Step4 – Very Strong Hands: let me give you “your number” per Bitcoin, even 10M if that’s what it take. They sell. BTC goes into Coinbase and other such custodian
== at this stage I expect that 75 to 85% of all BTCs are either in custodian or in US corporate companies such as MSTR
And along the way there will be:
- orchestrated rug pulls to create FOMO on the fiat splurge. It will be hard to resist for a long time… if you see BTC at 1M and then down at 200K and then back at 1M when do you not sell ? only the strongest Lions
- mandatory KYC/OFAC transactions. Meaning once enough coins are in US custodians they are either frozen to death or not moving unless its KYC
- at some point they might try to ban transactions outright
- they might decide to kill BTC via rug pull of the price or to keep it as a geostrategic advantage
So what could be left?
- Maybe some coins moving around between citadels and federations, but we’ll need to add zeroes to break down satoshis further in order to have enough flowing
- Maybe a fork with an OFAC one and a Rebel one
- You can’t kill an idea so maybe there’ll be a Bitcoin2 initiative
Truly I hope I’m wrong but this “buy out” possibility is terrifying