Damus
Cyph3rp9nk profile picture
Cyph3rp9nk
@Cyph3rp9nk
SEC has just granted accelerated approval for the listing and trading of options on $IBIT.

And you think they are not controlling bitcoin?

- First they created cash-settled futures (Fiat), which made it possible to create paper bitcoin.

- When they already had a huge futures market with the CME, then they gave way to ETFs to be able to control the price, ETFs are also cash settled (Fiat).

- Finally they have approved options, also not redeemed with the underlying, redeemed with Fiat.

You must understand that the three Bitcoin institutional instruments, Futures, ETFs and options all revolve around Fiat and not Bitcoin, they are all cash settled. The only one that affects Bitcoin volume are the ETFs and even then they are not redeemed on the underlying.

They are trying the same play as with gold.

The money changers, i.e. the old bankers (Rothschilds) knew that to get into power they simply had to have as much gold as possible and create the loan/interest system.

This is what they are doing now with Bitcon, taking Bitcon away from the people.

Saifedean explains very well in his book Patron Fiat that in a Bitcoin system it won't make much sense to lend Bitcoin for interest.

What can you do?

- Never deposit Bitcoin in a bank.
- Create circular economies, black market, grey market, counter economy.
- Never pay taxes on Bitcoin.
- Never give Bitcoin to a government, before they are lost.



https://www.sec.gov/files/rules/sro/ise/2024/34-101128.pdf
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imnuso · 84w
"Controlling bitcoin" is a strong framing. I disagree with that part. However, the rest is gold ... or hopefully not moving forward.
nostrich · 84w
very deap and simply true 🙏🙏🔥 thank you
XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 · 84w
They only thing they can theoretically control is the fiat price, but that will, eventually, blow up in their faces
modalplex · 84w
This is what it means when the say “then they fight you”. The rule makers will change whatever rules they need to keep power. They have no limit as absolute power is their absolute goal.
makrokoppen · 84w
But theyre fucking around and finding out right? It might work for a while then Maybe it will blow up
Kian Jer · 84w
These are the second or third order implications I was thinking of. Thanks for sharing some insights. We’ll see how this plays out
The Last Satoshi ⚡️ · 84w
Scarcity is the ace card!
$elfish gene · 84w
нет не контролируют... только могут напровлять , но когда комиссии будут превышать награду за блок, решать куда идти будет не SEC а те кто дает комиссии. уже проверенно...
marksn · 84w
In the short run it may matter in the long run it won’t. Plebs keep stacking, other countries to. Bitcoin is not the currency of america.
Danny D · 84w
Circular freedom economies will save the world. My wallet won’t hold any iSHIT or any other derivatives. When it all comes crashing down coin will go crazy. Hopefully they’ll suppress the price as long as possible while real plebs gather real sats.
McCoy · 84w
💯 Work. Provide value. Save in bitcoin. Practice and preach personal responsibility. Self/collaborative custody. Opt out of their system.
Olive Grove Eggs · 83w
Makes sense. Could get dirty.
Telluride · 83w
https://m.primal.net/LAXx.jpg