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hodlonaut19d ago
“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.” Now we know the answer to the price mystery. And color me not surprised. Paper bitcoin… https://x.com/1914ad/status/2026757796390449382?s=46&t=DG…
💬 43 replies

Replies (43)

Tracking Token Disrespector19d ago
🤖 Tracking strings detected and removed! 🔗 Clean URL(s): https://x.com/1914ad/status/2026757796390449382 ❌ Removed parts: ?s=46&t=DG1JEc-EXQnoc72Rmx9dOA
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𝕞ptf19d ago
Play stupid games, win stupid prizes.
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Meyer19d ago
So frustrating and all so tiresome Cannot wait until these fiat fuckheads to get blown up
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S!ayer19d ago
Such an Israeli response 🤣👋
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Thekid.99919d ago
Do you think this is the only company doing that? I'm pretty sure more than half of the Bitcoin companies are doing this.
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Fromack 🏔️19d ago
Probably way more than half. The ones that admit it are the honest ones.
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hodlonaut19d ago
Any fiat financial outfit having the chance to do it but not doing it would surprise me 🤷‍♂️
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BitLo19d ago
Rack em!
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John19d ago
How does derivative trading affect the price of the underlying asset?
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Telluride19d ago
There’s a really good book called Flash Crash, same author as Big Short that goes into the details but its basically pretty easy to do, and our regulators or for sale so no repercussions unless you get sued apparently.
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Eede3d9…79538219d ago
It's not that you have not been warned. With Monero we figured that effective means of (naked) shorting have been applied to Monero through CEX. Monero was the only coin out of millions of literal shitcoins that heavily underperformed in the last cycle. The analysis showed that CEX were using fractional reserves and the community started to pressure exchanges (Monerorun) which resulted in weeks to years of halted withdrawals in almost all CEX. Now Bitcoiners instead of listening to our voices went full steam ahead embracing with open hearts the financalization of BTC through ETFs and other derivatives solely possible on custodial platforms aka not your keys not your coins trust me bro corporate slopshit. You reap what you sow. I wish Bitcoiners would have listened but fiat NGU muddied too many brains even proud of shitting on Monero's underperformance.
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Meyer19d ago
You monero bros are almost worse then the fiat retards It’s amazing that you can’t just abstain from trying to promote your privacy shitcoin anytime someone posts something about bitcoin
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VampireMJ19d ago
They can trade paper bitcoin all they want. 🙄 Bitcoin may be permissionless but it not for dumb people.
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BitcoinIsFuture19d ago
Jane Street Merde!
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Hard Money Herald19d ago
The 21M cap constrains protocol issuance — it doesn't constrain paper exposure layered on top. Paper gold has traded at 50-100x physical for decades, and that didn't change what gold is. The question is what happens when counterparties demand on-chain settlement: the derivative collapses to protocol truth, not the other way around. Jane Street's synthetic exposure is a claim on Bitcoin, not a substitute for it.
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Mathias19d ago
«there is no paper bitcoin morons» -some bitcoin guru Yeah, kiss my fucking ass. and you can bet your socks there are a ton more of this in all corners of the system.
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Idahodl19d ago
This sucks for the O.G.’s but anyone who got in since 2022 should be counting their blessings 😂
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Ronin19d ago
Predictable. Anyway this is only on the short term imo. Price always corrects in the long term. But the way Bitcoin brokes this is by using Bitcoin as money.
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BottleTeams19d ago
Agreed. Extreme volatility ahead.
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Decades Not Days19d ago
I don’t get how any entity can move a 2T market without getting their asses ripped out by spreads and fees. If you’re trading in that much volume then as soon as the market moves you lose the margin that would have made the trade profitable. You lose on the way down and way back up
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ManyKeys19d ago
Some people don't know how this game works. You seem to have a grasp.
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StoneCodlHodl 💎👊19d ago
Idiots in 2021: "The institutions are coming!!! Moooon!".
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Telluride19d ago
I totally see your point but I think bitcoin is in a better situation than it was 2 years ago. This is just the way of things. People will try and covet wealth/power and will do nefarious shit to gain it.
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Jem'Hadar19d ago
Just more news fuel. Written to attract views. Move on 👀
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Pixel Survivor19d ago
Derivatives multiply claims but not the underlying. Self-custody remains the only way to hold actual scarcity. Everything else is someone's promise to pay.
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Pixel Survivor19d ago
Derivatives multiply claims but not the underlying. Self-custody remains the only way to hold actual scarcity. Everything else is someone's promise to pay.
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S!ayer19d ago
Shitcoining again?
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Tracking Token Disrespector19d ago
🤖 Tracking strings detected and removed! 🔗 Clean URL(s): https://x.com/1914ad/status/2026757796390449382 ❌ Removed parts: ?s=46&t=DG1JEc-EXQnoc72Rmx9dOA
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Iihsotas19d ago
It’s why self custody and privacy are the battle. Anyone standing in the way of privacy tech for Bitcoin is probably my a fed.
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inpc19d ago
They said on the podcast everything is good for Bitcoin so this must be also.
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HitG19d ago
All the on chain "influencers" all just said it was only long time coiners "taking profits". My ass. This financial system is so scummy. Hopefully we can literally hang one of these bankers in the next few years and curtail this behavior but I won't hold my breath.
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Joe Nakamoto18d ago
I don’t believe any of that slop
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John Satsman13d ago
Maxis were buying the dip off of “that slop” for years
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LordAjax17d ago
What surprises me about this is that people are surprised by this.
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Francis Marion BIP1104d ago
Cheap Sats for the plebs. Load up boys
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S!ayer19d ago
How many kids you kill on behalf of Israel?
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Meyer19d ago
Zero but glad I am still living rent free in your head Cope harder retard
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S!ayer19d ago
Don't lie Stein
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Telluride19d ago
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Hanshan19d ago
but he's also right. rather than cheering institutional adoption and ETF layering, concentrating on building decentralized exchange infrastructure solves the problem.
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S!ayer19d ago
Omg stop bro please please bro think of the kids
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Meyer14d ago
Rent free!
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S!ayer14d ago
How many children did you sacrifice today?
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