/ Nathan is on Nostr

Central Banking is Weird

Last Notes

2025-05-24 16:08:27

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It's called The Mandibles by Lionel Shriver

2025-05-23 16:55:02

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Yes. I was going to do that, but I noticed that my 401(k) lets me buy FBTC/IBIT although it's technically not permitted. On the other hand, my 403(b) doesn't allow me to buy spot bitcoin ETFs, but it allowed me to buy bitcoin futures (BITO), despite both plans being with the same employer.
I called Fidelity to ask if they knew why I could only buy futures in the 403(b) and not spot like in the 401(k), and the guy told me that... "well... you're technically not supposed to have access to any bitcoin ETFs/futures in either account, but I'm not going to say anything about it", which was awkward and funny.
In the meantime, I've just stayed silent because I didn't want to bring it to anyone's attention.
That being said, I'm now trying to get this to be formally approved so that other people can save in a bitcoin ETF at my workplace.

2025-05-23 16:34:58

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Says who?
People can choose to store their long-term savings in bitcoin and also spend bitcoin today. It doesn't need to be mutually exclusive.
Suppose I bought some bitcoin back in 2023 around $16k USD (or whatever it was). Most of it will be held for long-term savings, but why couldn't I take $100 of X and spend it today? My purchasing power has already increased significantly.

2025-05-23 15:50:46

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This makes them more trustworthy in my eyes. I'm glad that they're doing this. More competition with my beloved @nprofile…m2qp .

2025-05-22 17:26:07

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I'll try our president + CFO.
My HR directed me to contact our Fidelity contacts, and then the Fidelity people went back to my HR people to contact the board 🙃.
Hope your meeting goes well 🫡

2025-05-22 17:26:07

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I'll try our president + CFO.
My HR directed me to contact our Fidelity contacts, and then the Fidelity people went back to my HR people to contact the board 🙃.
Hope your meeting goes well 🫡

2025-05-22 06:52:51

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I'm trying to get my university to allow us to save for our retirement via the bitcoin ETFs in our 401k/403b accounts through Fidelity's BrokerageLink.
A lot of red tape, and it's annoying. I wish I could speak to someone directly. At this point, I'm considering emailing our president directly and hoping that he reads it and thinks about mentioning it to the board.
Any recommendations?

2025-05-22 06:52:51

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