apart from the danger of "them" "pulling a GLD" on us by making the WTF THE pricing mechanism for BTC and then in some sort of colluded half-secrecy pulling levers to convert it into an "orderly market" (i.e. keeping it down using printable collateral), isn't there another possible negative effect: the redirection of demand from bitcoin to the WTF. Holding a share of WTF is by no means the same as holding a Bitcoin (privacy, third-party risk, transactability) and I'd hate to see people want to join Bitcoin and then be sold some paper by their bank.
In general: even if this is an evil plan to keep bitcoin small, I somehow doubt it will work. Bitcoin is not gold and it already has low transaction and storage cost and can be transacted electronically. There is no need for a substitute in my mind. The "advanced" financial instruments that might be desired by some big players/investors can surely be built on top of the underlying directly somehow, no?
Also: I don't necessarily want an orderly market, I primarily want a free market.
There are many reasons to invest in an ETF rather than physical BTC. For example, hedge funds or pension funds may only be allowed to invest in listed assets. Investing in ETF may also fulfill the requirements of some business migration schemes. You enjoy the first class trading engine on NASDAQ, rather than the Magic the Gathering engine. FAIL. |
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Stupid idea that completely negates the point of owning bitcoins in the first place.
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Anyone dumb enough to invest in a bitcoin ETF, or any "share" of bitcoin being held by someone else, is dumber than a pile of rocks - seriously.
Just buy the fuckin bitcoins and keep them yourself. Why put your trust in an unknown entity? I think a lot of you are still children that need someone to hold your hand for you.
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People still go to that stupid ass site?
Jesus, just buy bitcoins on localbitcoins.
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at this point I'd just like to see $5 again.l
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If "the law" is following the orders of nutjobs in blue uniforms that are funded by extorting homeowners, then, as a homeowner, I would be willing to fund some guys to dress up and put the BFL guys in handcuffs and beat them while saying
"stop resisting", and then throw them in a cage.
Scummy fuckers. Don't sell shit you don't have.
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Soooo, because a handful of people who may, or may not be in on the scam report getting machines from BFL, they should now be trusted even though tons of other people have been waiting for almost a year now??
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How would one use an escrow service in this case?
Why would you even ask? Don't be an idiot. Seriously, I've been here since 2011 and frankly I'm getting tired of these kind of bullshit scams. |
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Is it are is it not a scam?
It's a wait and see game, end of July is the answer.
I've paid for two contracts and I would not stand for any "Oh hardware not delivered yet" sh*t.
really? you already handed these guys your money??? Seriously, I can build a litecoin rig for you AND ACTUALLY SEND YOU PROOF THAT IT EXISTS. YOU COULD EVEN COME LOOK AT IT AND SEE IT WORKING. $2000 I can build a rig that will mine about 3 LTC a day. |
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This is a SCAM.  No way they got over 5000 contracts before even posting on here - where it was met with immediate skepticism. Not to mention the fact they have no pictures or info about their team, and no pictures of their gear. Please, if you're buying into this, let me know - I might have some shit to sell you too. |
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Decent website. Got any pictures of your stuff? Cause this looks like a lot of smoke and mirrors to me.
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Statism/Nationalism has all the trappings of a religious cult. So it's not surprising.
+1 Goes to show just how crazy the people who run the world are, and how completely brain dead the full-grown-adults-who-buy-into-it are. |
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I quit by smoking pot whenever I wanted to smoke. Eventually just forgot all about wanting a cig.
Your activity was 420 when you posted this, made me chuckle. I hadn't even noticed. BRILLIANT! |
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Billionaires of today didn't get there by providing a corresponding amount of value back to the people. They are the principle beneficiaries of the 'Aristocracy of Pull' built on a ponzi money system - and they certainly don't want that to change.
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I quit by smoking pot whenever I wanted to smoke. Eventually just forgot all about wanting a cig.
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They look like inbred elitists.
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