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 · 88w
"Controlling bitcoin" is a strong framing. I disagree with that part. However, the rest is gold ... or hopefully not moving forward.
nostrich · 88w
very deap and simply true 🙏🙏🔥 thank you
XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 · 88w
They only thing they can theoretically control is the fiat price, but that will, eventually, blow up in their faces
modalplex · 88w
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.
Português Sem Passaporte · 88w
I’m happy for that. It’ll keep bitcoin way cheaper than should be for a long time. Saylor bought 2 billion dollars in BTC and the price didn’t explode. In 3 days. The Saylor boi bought 90 days of mining in BTC and everything’s ok. For sure there’s a lot of OG happy to settle for 60k and th...
zoomoutpls · 88w
"they are trying ..." let's see how it plays out
xplbzx · 88w
SEC would approve options on its mom if they stood to profit for it.
Bitcoin Nora · 88w
Wow so are you really suspicious of Michael Saylor's recent remarks?
Rafael Carmo · 88w
This is only a problem if you are holding paper #Bitcoin . They can short it all they want, but eventually economic reality will reprice it. It will destroy any leveraged degenerate in the meanwhile.
Sovran Systems · 88w
You are correct!! Keep up the good work!
MickBurke · 88w
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Rush · 88w
Saylor's comments on yield over BTC completely misses the point. As a Muslim, I consider avoiding Riba in all forms (interest, unproductive yield, and money printing... Etc.) as a paramount financial ideal. When Saylor says BTC is yield bearing, he is trying to reestablish the Riba mechanism on BT...
REUZ · 88w
Gold is possibly more easily controllable as the scarcity is unknown, but obv with Bitcoin there are enough ways to surpress it as well. Pretty sure many govs will try to ban all BTC adoption in the coming years (incl Nostr zaps).
⚡Lightning Goats⚡ · 88w
The US and our markets can't control a decentralized world wide asset. We're only something like 300 million people in a world of 8 billion.
Bitcoin Dawg · 88w
Good points but there are no options on self-custodied Bitcoin. The institutions can do whatever they want with their Bitcoin. All things are positive for Bitcoin in the long run. https://m.primal.net/KxMr.png
makrokoppen · 88w
But theyre fucking around and finding out right? It might work for a while then Maybe it will blow up
Kian Jer · 88w
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 ⚡️ · 88w
Scarcity is the ace card!
$elfish gene · 88w
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 · 88w
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 · 88w
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 · 87w
💯 Work. Provide value. Save in bitcoin. Practice and preach personal responsibility. Self/collaborative custody. Opt out of their system.
Olive Grove Eggs · 87w
Makes sense. Could get dirty.
Telluride · 87w
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