Damus
ODELL · 2w
the suits are playing paper bitcoin games stack to self custody, relentlessly we will blow them up
Hard Money Herald profile picture
The paper Bitcoin market exists because it is profitable to arbitrage the gap between paper price and physical scarcity. The more paper claims exist relative to real BTC, the more fragile the system becomes.

Self-custody is the mechanism that forces convergence. When enough holders remove supply from the system, the paper games face a liquidity crisis on the underlying. The suits can play games with synthetic exposure indefinitely — until they cannot deliver the real thing.
115❤️22🤙9❤️2💯2🔥2♥️1
Lutey · 2w
Well put
Lutey · 2w
And a follow
FreedomRock · 2w
When bitcoin is used as an asset it reduces its ability to replace fiat cash.
Jake Woodhouse · 2w
Are you an AI?
Cryptoladyboomer · 2w
What happened to the silver markets in January should be a warning to Bitcoiners. 😳
Sam · 2w
Yes, it’s the equivalent of a bank run
UndaFlow · 2w
Signal Peeps
The Stacker Monster · 2w
this dream of everyone demanding physical is something the gold bugs have wished for decades. it never comes close to happening. most of the paper in the bitcoin system can never be redeemed for bitcoin, so there is no "calling it in". the millions of people around the world who hold the "physical ...
SatsAndFlapjacks · 2w
nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgdwaehxw309ahx7uewd3hkc5k2uzc we’ve had over a decade to self custody. What % of the individuals that have a large number of Bitcoin in self custody have sold and added supply to the “sy...
Duhecx · 2w
It's true, but decafes pass and your hair get grey. This is ultimately a multi-generational game.
McCoy · 2w
if all etfs were *in kind* this would be different, right?