"Expect BlackRock to turn around and shill this to banks, and in particular big banks, such that JPMorgan, for example, can itself turn around and offer “Bitcoin” to its own clients. Of course, it will be an IOU to the BlackRock Stack O’Sats™ that you can transfer to your friend’s Bank Of America Bitcoin IOU account at your leisure. In other words, in short order, the entirety of the Blue Banks’ asset base becomes a funnel into the matrix of the pseudo-Bitcoin narrative attack vector... on the back of all the previous points, expect BlackRock and Coinbase to dominate flows and hence effectively control pricing." — Allen Farrington Today we dive into the BlackRock "ETF", what it actually is, what it isn't, and what it means for Bitcoin. It isn't all NgU and sunshine and rainbows. Check out the article and Allen's other writing at the link: https://allenfarrington.medium.com/trust-me-bro-fb5a25964634 Allen's Nostr Pubkey: npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev • Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠ • 100,000 FREE SATS until the end of June for signing up and simply trying -- no subscription, no obligation -- just trying the Fold debit card. Check it out at ⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠ • ⁠⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠ ------------------------------- “Once wide coercive powers are given to government agencies…such powers cannot be effectively controlled.” — F.A. Hayek --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"What is Bitcoin? Many have attempted to answer this question, but I believe that our quest to do so is doomed to continue in perpetuity. The continuing development of the protocol is where the cutting edge of research into what Bitcoin is and discussion about what it should strive to be actually occurs. It can be tricky for newcomers to wrap their head around what sort of proposals are more likely to be accepted for Bitcoin because there are plenty of unwritten rules regarding protocol changes. Some of these rules are more on the philosophical side, some are more on the engineering and security side, and some are a blend of the two." — Jameson Lopp We've done numerous reads on this show trying to break down the principles and characteristics of Bitcoin, but each often brings something unique and new to the discussion. The discovery of what Bitcoin is simply doesn't have a concrete answer or final solution, its a process of observing it and the endless elements that create it. We have a great piece by Lopp today that tries to shed a little more light on that unknowable thing we call Bitcoin. Check out the original article below plus an incredible catalog of reading material about bitcoin: https://nakamoto.com/what-are-the-key-properties-of-bitcoin/ Lopp's Pubkey: npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Don't forget that Code BITCOINAUDIBLE gets 9% off the ColdCard! ⁠⁠⁠⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠⁠⁠) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. Lets be 50k Sat buddies by signing up! at (⁠⁠⁠⁠⁠⁠⁠https://bitcoinaudible.com/fold⁠⁠⁠⁠⁠⁠⁠) • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (⁠⁠⁠⁠⁠⁠⁠https://swanbitcoin.com/guy⁠⁠⁠⁠⁠⁠⁠) ------------------------------- "Look for systems, not heroes" — Hans Rosling --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message