How the government created Celsius and BlockFi and got everyone rekt:
- prevent the free market from accessing bitcoin by blocking etfs and funneling people into gbtc
- gbtc starts to trade at a premium to spot Bitcoin
- companies start borrowing fake bank credit money from government approved monopolies (banks) to arbitrage the premium by the billions
- blockfi, Celsius and other yield companies start popping up to participate in the trade with user funds
- when they fucked up, government approved darling and major donor FTX steps in to "save" blockfi - drawing in even more users
- when it all collapses, government fines all these companies which use user funds to pay fines
EXCELLENT JOB GOVERNMENT, THANK YOU FOR KEEPING US SAFE
utxo the webmaster 🧑💻
npub1ut…r50e8
2024-10-05 21:07:36
Author Public Key
npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8Published at
2024-10-05 21:07:36Event JSON
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"content": "How the government created Celsius and BlockFi and got everyone rekt:\n\n - prevent the free market from accessing bitcoin by blocking etfs and funneling people into gbtc\n\n - gbtc starts to trade at a premium to spot Bitcoin \n\n - companies start borrowing fake bank credit money from government approved monopolies (banks) to arbitrage the premium by the billions\n\n - blockfi, Celsius and other yield companies start popping up to participate in the trade with user funds \n\n - when they fucked up, government approved darling and major donor FTX steps in to \"save\" blockfi - drawing in even more users\n\n - when it all collapses, government fines all these companies which use user funds to pay fines\n\nEXCELLENT JOB GOVERNMENT, THANK YOU FOR KEEPING US SAFE",
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