Attention Nostr! Fight me!!!
OK, here is my logic, shoot as many holes in it as possible. Scenario: Blackrock (BR) acquires 2% of btc supply (420,000) in it's ETF, hypes the shit out of it in a very niche direction ( maybe as a settlement mechanism between central banks). Then it sock puppets a few devs to write additional code to help it achieve this niche use case at the detriment to let's say fungibility. They fork the network. They spin up 10x the reachable nodes that bitcoin currently has and all run bitcoin BR version. They dump their bitcoin classic on the market and use their infinite pool of money to wash trade bitcoin BR to the moon... all the while forcing any Blackrock bitcoin ETF holder to come along for the ride. I believe if this new version achieves a significantly higher price it will lure in dumb money, and a media blitz will help this. TLDR: the weakness lies in the desire of the investors/users in NGU technology and not in all the other aspects of BTC and Blackrock will outperform in NGU
Habanero
npub10e…228r6
2023-07-22 20:25:20
Author Public Key
npub10ersjl55em53pwk8pwrswp4j5jg6dacay2hrjuvs6rfa77uwuffsr228r6Published at
2023-07-22 20:25:20Event JSON
{
"id": "42c6fc95edf9073609410611e48ddcc89dfade9e9c963929237e81249579c441",
"pubkey": "7e47097e94cee910bac70b870706b2a491a6f71d22ae397190d0d3df7b8ee253",
"created_at": 1690050320,
"kind": 1,
"tags": [],
"content": "Attention Nostr! Fight me!!!\n\nOK, here is my logic, shoot as many holes in it as possible. Scenario: Blackrock (BR) acquires 2% of btc supply (420,000) in it's ETF, hypes the shit out of it in a very niche direction ( maybe as a settlement mechanism between central banks). Then it sock puppets a few devs to write additional code to help it achieve this niche use case at the detriment to let's say fungibility. They fork the network. They spin up 10x the reachable nodes that bitcoin currently has and all run bitcoin BR version. They dump their bitcoin classic on the market and use their infinite pool of money to wash trade bitcoin BR to the moon... all the while forcing any Blackrock bitcoin ETF holder to come along for the ride. I believe if this new version achieves a significantly higher price it will lure in dumb money, and a media blitz will help this. TLDR: the weakness lies in the desire of the investors/users in NGU technology and not in all the other aspects of BTC and Blackrock will outperform in NGU\n\n",
"sig": "2cd5160c0b443b93b5e25f0ca60be22d7bdec2e4e9a9097f185399fc76d25a6e57a80fa1c5216e54d3e0123c3564e26fdaeccaf029df8fb49925885e596bcf50"
}