If I was #BlackRock trying to take over the control of #Bitcoin, I would:
1) Run the ETF on fractional reserves
2) so I can more easily crash the price
3) to bankrupt a significant amount of miners
4) so that my share of hashrate that I control is over 50% of the network
5) which I’d use to support a Proof-of-stake fork
6) that will be deemed the real Bitcoin by me and my partners (exchanges, media)
7) then I’d start replenishing my #BTC ETF to full reserves with bitcoins bought on the cheap so me and my partners own more than 50% of the staked BTC.
#FUD
LogicallyMinded
npub1s0…2rqf5
2024-08-28 07:06:32
Author Public Key
npub1s0fs9dwztm2rukm42vh6df4a5gwykclf75tgyeuc75t0cs2eh8rsu2rqf5Published at
2024-08-28 07:06:32Event JSON
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"content": "If I was #BlackRock trying to take over the control of #Bitcoin, I would:\n\n1) Run the ETF on fractional reserves\n2) so I can more easily crash the price \n3) to bankrupt a significant amount of miners\n4) so that my share of hashrate that I control is over 50% of the network\n5) which I’d use to support a Proof-of-stake fork\n6) that will be deemed the real Bitcoin by me and my partners (exchanges, media)\n7) then I’d start replenishing my #BTC ETF to full reserves with bitcoins bought on the cheap so me and my partners own more than 50% of the staked BTC. \n\n#FUD",
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