Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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boy those ETFs were the juice bitcoin really needed eh (awful.systems)

submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

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that drop was one hour after the latest billion tethers

the new narrative is apparently that the pump is in 90 days when financial advisors are finally ready to push bitcoin ETFs on their customers (for some reason)

ETFs put bitcoin on steroids!! y'know, asthmatic with shrunken balls

the bitcoin market is fake and in tethers, but the retail securities market is real and in dollars

my brother in Satoshi, you are the exit liquidity

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[–] [email protected] 8 points 11 months ago (1 children)

Yeah, that's my take too.

Crypto has a "base utility" for illegal activity. Say the price for BTC based on that is 10% of the current inflated price. Integrating BTC into the traditional financial market would in the near term drive down the price closer to the "base price", as well as closing off a number of avenues to add "dirty" money into the system.

[–] [email protected] 6 points 11 months ago

yep. The bitcoin market is fake and priced in tethers, the securities market is real and priced in dollars. When the two collide, the vastly larger one with humorless regulators wins.