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
Tranche
npub137…uu7y0
2024-01-10 16:27:02
Author Public Key
npub13778dda2sqdpgl7gn0pve8dxc2fccvk7md85xr7rya9gxj6a86ss8uu7y0Published at
2024-01-10 16:27:02Event JSON
{
"id": "0fa1a6bd498554a9f77c04acfefd9e257f426ae52e040c291b7ea058361e550c",
"pubkey": "8fbc76b7aa801a147fc89bc2cc9da6c2938c32dedb4f430fc3274a834b5d3ea1",
"created_at": 1704904022,
"kind": 1,
"tags": [
[
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"eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f"
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[
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"ef151c7a380f40a75d7d1493ac347b6777a9d9b5fa0aa3cddb47fc78fab69a8b"
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"content": "nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1au23c73cpaq2whtazjf6cdrmvam6nkd4lg928nwmgl78374kn29sq9t53j \nSo 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:\r\n\r\nI had expected coercive measures from the get go. Such as “must declare on taxes”, “illegal”, “KYC only exchanges” and so on\r\n\r\nBut 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:\r\n\r\nStep0 - Very Weak Hands: let me give you 50K to 70K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian\r\nStep1 - Weak Hands: let me give you 100K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian\r\nStep2 - Medium Hands: let me give you 150K to 250K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian\r\n== at this stage I expect that 45 to 60% of all BTCs are either in custodian or in US corporate companies such as MSTR\n\r\nStep3 – Strong Hands: let me give you 500K to 1000K per Bitcoin. They sell. BTC goes into Coinbase and other such custodian\n\r\nStep4 – 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\r\n\n== at this stage I expect that 75 to 85% of all BTCs are either in custodian or in US corporate companies such as MSTR\r\n\r\nAnd along the way there will be:\r\n- 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\r\n- mandatory KYC/OFAC transactions. Meaning once enough coins are in US custodians they are either frozen to death or not moving unless its KYC\r\n- at some point they might try to ban transactions outright\r\n- they might decide to kill BTC via rug pull of the price or to keep it as a geostrategic advantage\r\n\r\nSo what could be left? \r\n-\tMaybe 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\r\n-\tMaybe a fork with an OFAC one and a Rebel one\r\n-\tYou can’t kill an idea so maybe there’ll be a Bitcoin2 initiative\r\n\r\nTruly I hope I’m wrong but this “buy out” possibility is terrifying",
"sig": "59a09165221eff36780f37537b25ee1b3a05cbafdb610f2e9fd741ba456f3248156c16a8be69bfd89d6fc6715464800190de1d2a5bb886dd5e73d6a70c2610c4"
}