Bitcoin....who's gotten into it?

[MakersTeleMark]

What's the O/U on SBF in years?

[byates1]

20

[MakersTeleMark]

Out in 15 seems about right.

[LeeLau]

1) The answer to the first question is both. There can be real supply & demand shocks, and there can be nominal supply & demand shocks. Nominal shocks can happen in the form of a liquidity crisis, which is what we saw in 2008.

2) Keynesian economics has evolved (now called new-Keynesian or the monetary-Keynesian synthesis). Keynesian thinking doesn't per se argue for large government deficits except during a crisis. The way it was supposed to work is for governments to run deficits during recessions and surpluses during booms.

People often associate deficits with Keynesianism. But, big deficits don’t necessarily mean higher interest rates because real interest rates are determined by financial markets. Deficits are not necessarily a problem if rates stay low. They become a big problem when rates rise because of the cost associated with servicing the debt. That's a real constraint. It's kind of a tautology—deficits aren't a problem, until they are.

Just as a thought experiment, I think everyone can agree hyperinflation is caused by way, way, too much money printing. I think everyone can agree on that. But if that's the case then it stands to reason the money supply also controls nominal GDP growth (Nominal GDP = Real GDP plus or minus inflation)

MV. Solid post in the original and in the response to Shera. Thx for that

[CarlMega]

25 years. that's got to sting

[skaredshtles]

25 years. that's got to sting

"But I'm rich! And my family is rich!"

-SBF, probably

[CarlMega]

"But I'm rich! And my family is rich!"

-SBF, probably

[Vt-Freeheel]

Gold Jerry!

[MakersTeleMark]

"SBF may serve as little as 12.5 years, if he gets all of the jailhouse credit available to him," Mitchell Epner, a former federal prosecutor, told CNN.

I was close.

[JimmyCarter]

Jailhouse credit available to him, plus whatever he can steal from the others?

[priapism]

Dude is gonna be popular in prison. Conned a few billions by his 30s? Living in a polycule? Seriously his fellow inmates will have nothing but respect for him

[CarlMega]

Jailhouse credit available to him, plus whatever he can steal from the others?

"See, it's like this. Give me 3 cigarettes now. I keep them and you're making interest. You'll have four cigs in 2 weeks. Plus, I'll invest your cigarettes so they're growing there as well. It's fool proof and perfect for an investor of your character".

Proceeds to smoke all three cigarettes at once.

[jackstraw]

My wife is a teacher and one of her students parents chose now to get out.

64 million dollars

[J. Barron DeJong]

64 million dollars

[stalefish3169]

The real take-home messages from SBF are:

- Don't keep your coins on exchanges

- Sam was proved to be an enemy of Bitcoin, yet Bitcoin survived another attack

- POW is important, FTT tokens were created out of thin air

- Ross getting 2 life sentences + and SBF getting a far lighter sentence is BS

[J. Barron DeJong]

The real take-home messages from SBF are:

- Don't keep your coins on exchanges

- Sam was proved to be an enemy of Bitcoin, yet Bitcoin survived another attack

- POW is important, FTT tokens were created out of thin air

- Ross getting 2 life sentences + and SBF getting a far lighter sentence is BS

What’s you guess as to where all the new Tether being minted - very likely without full backing - is going? Not into Bitcoin?

[shera]

The London Stock Exchange plans to list BTC and ETH “exchange-traded notes” for professional investors in May.

On Monday, the U.K.’s Financial Conduct Authority gave tentative approval for the London Stock Exchange to create a marketplace for BTC and ETH exchange-traded notes (ETNs) to begin trading on May 28, with issuer applications opening up in early April. Only professional investors will be allowed to trade the ETNs.

The move marks a reversal for the FCA, which had previously banned crypto ETNs in 2021. ETNs are structured a little differently from ETFs, but both are designed to mirror the price movements of an underlying asset.

U.K. prime minister Rishi Sunak’s government has long sought regulations that would help the nation become a global crypto hub.

https://www.coindesk.com/business/20...mpaign_9428175

[stalefish3169]

What’s you guess as to where all the new Tether being minted - very likely without full backing - is going? Not into Bitcoin?

Tether is fully backed.

https://www.reuters.com/technology/s...q2-2023-07-31/

[stalefish3169]

The London Stock Exchange plans to list BTC and ETH “exchange-traded notes” for professional investors in May.

On Monday, the U.K.’s Financial Conduct Authority gave tentative approval for the London Stock Exchange to create a marketplace for BTC and ETH exchange-traded notes (ETNs) to begin trading on May 28, with issuer applications opening up in early April. Only professional investors will be allowed to trade the ETNs.

The move marks a reversal for the FCA, which had previously banned crypto ETNs in 2021. ETNs are structured a little differently from ETFs, but both are designed to mirror the price movements of an underlying asset.

U.K. prime minister Rishi Sunak’s government has long sought regulations that would help the nation become a global crypto hub.

https://www.coindesk.com/business/20...mpaign_9428175

Hong Kong coming soon too. They got approved for in-kind as well, which Gary refused to do.

[up an down]

The London Stock Exchange plans to list BTC and ETH “exchange-traded notes” for professional investors in May.

On Monday, the U.K.’s Financial Conduct Authority gave tentative approval for the London Stock Exchange to create a marketplace for BTC and ETH exchange-traded notes (ETNs) to begin trading on May 28, with issuer applications opening up in early April. Only professional investors will be allowed to trade the ETNs.

The move marks a reversal for the FCA, which had previously banned crypto ETNs in 2021. ETNs are structured a little differently from ETFs, but both are designed to mirror the price movements of an underlying asset.

U.K. prime minister Rishi Sunak’s government has long sought regulations that would help the nation become a global crypto hub.

https://www.coindesk.com/business/20...mpaign_9428175

England has been happy to accept $ from shady characters and outright criminals for decades.....read the book.... Butler to the World ..by Oliver Bullough

[stalefish3169]

England has been happy to accept $ from shady characters and outright criminals for decades.....read the book.... Butler to the World ..by Oliver Bullough

There are now many eyes watching very closely with a new level of crowd participation that's never been available before. Sunlight just may be the best disinfectant.

https://heyapollo.com/bitcoin-etf

[shera]

So very many bitcoins under Coinbase custody and of course the others, like maybe Saylor, using them. Mind boggling. Worrisome?

The new Ft Knox.

The US govt actually has a lot of bitcoin, how are those addresses safeguarded?

[shera]

The US government is another major holder, believed to be controlling up to 215,000 BTC, or 1.1% of bitcoin's circulating supply, per BitcoinTreasuries. Authorities seized the coins as part of a variety of criminal cases, including ones tied to Silk Road and the Bitfinex hack from 2016.Mar 1, 2024
https://blockworks.co/news/bitcoin-etfs-btc-supply

About the same as Saylor

[stalefish3169]

So very many bitcoins under Coinbase custody and of course the others, like maybe Saylor, using them. Mind boggling. Worrisome?

The new Ft Knox.

The US govt actually has a lot of bitcoin, how are those addresses safeguarded?

I don't love it.

[byates1]

The US government is another major holder, believed to be controlling up to 215,000 BTC ($13.23 billion), or 1.1% of bitcoin's circulating supply, per BitcoinTreasuries. Authorities seized the coins as part of a variety of criminal cases, including ones tied to Silk Road and the Bitfinex hack from 2016.Mar 1, 2024
https://blockworks.co/news/bitcoin-etfs-btc-supply

About the same as Saylor

Don't tell the haters in this thread, they think BTC isn't real.