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hodlonaut · 2w

“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.” Now we know the answer to...

Ant 🇺🇸 @Ant 🇺🇸 1772082001

“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.”

Now we know the answer to the price mystery. And color me not surprised.
Paper bitcoin…

https://x.com/1914ad/status/2026757796390449382?s=46&t=DG1JEc-EXQnoc72Rmx9dOA

31❤️2👍1🔥1

Tracking Token Disrespector · 2w

🤖 Tracking strings detected and removed! 🔗 Clean URL(s): https://x.com/1914ad/status/2026757796390449382 ❌ Removed parts: ?s=46&t=DG1JEc-EXQnoc72Rmx9dOA

Fromack 🏔️ · 2w

This is the real attack vector. Not a 51% attack — just good old financial engineering. Synthetic supply dilutes price discovery without ever touching the chain. The 21M cap only matters if the market prices the real thing, not paper derivatives of it.