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IF YOU THINK BITCOIN IS COMPLICATED, WAIT UNTIL YOU LEARN THE FEDERAL RESERVE IS NOT FEDERAL AND HAS NO RESERVES.
Parker Brothers first published Monopoly in 1935.
But you know how you can tell it’s a really old game?
YOU CAN TELL MONOPOLY IS AN OLD GAME BECAUSE THERE’S A LUXURY TAX AND RICH PEOPLE CAN GO TO JAIL.
@BrothersaToshiC
So let me get this straight!
Banks can custody Bitcoin with the repeal of SAB 121.
And now…
Blackrock’s Bitcoin ETF is looking to do in-kind redemptions to get Bitcoin back instead of cash?
Banks are going to be competing against Blackrock for people’s Bitcoin and their business!
There are only 21M Bitcoin. Strap in!
If the BlackRock ETF provides in-kind redemptions compared to banks allowing you to borrow against your bitcoin, I believe BlackRock would be the superior choice since banks will merely cover your bitcoin in the same way they do with fractional reserve banking. Blackrock’s Larry Fink: “We try to encourage more people to get their money of their bank accounts.”
Blackrock is trying to compete with banks!
Bitcoin only or no stockpile.
Pass it on.
@jackmallers Jan 24
Emergency Press Conference:
Ripple is undermining American prosperity, freedom, and Bitcoin.
Ripple is actively lobbying to stop a Bitcoin Strategic Reserve in the U.S. while pushing their centralized, corporate-controlled token.
We will not stand for it.
Bitcoin isn’t a bailout. It’s an open, neutral monetary system accessible to everyone.
A Bitcoin Strategic Reserve wouldn’t require taxpayer money. It’s about reallocating existing resources into a deflationary asset that strengthens our reserves, as I explained in the video.
https://x.com/jackmallers/status/1882916267696545957
Including altcoins in a Strategic Reserve is the first step to letting CBDCs in through the back door.
“First, @EricTrump has confirmed that some top U.S.-based crypto projects, such as $XRP and $HBAR, will soon benefit from zero capital gains tax, while non-U.S.-based projects will face a 30% capital gains tax.”
https://finance.yahoo.com/news/eric-trump-confirms-u-based-013000983.html
Happening soon according to Eric Trump:
– US crypto: 0 capital gains tax
– Non-US crypto: 30% capital gains tax
Get rid of the Bitcoin capital gains tax.
The Bitcoin community is on a mission to take down XRP—and I’m all for it.
Peter McCormack ☠️ @PeterMcCormack Jan 24
I have it from a direct source that @bgarlinghouse and XRP/Ripple are actively working to undermine the SBR. Absolute scum.
Brad Garlinghouse:
“We would not be profitable or cash flow positive without selling our XRP holdings.”
All 100 billion XRP tokens were created out of thin air by Ripple Labs in 2012 and reserved for insiders.
Ripple’s income comes from dumping these coins on the public.
https://x.com/BVBTC/status/1883010433264861545
Face the facts: Ripple / XRP has been the leading source of anti-bitcoin misinformation for more than a decade. They have aggressively lobbied policymakers around the world to try to ban bitcoin mining. Weaponizing woke ESG narratives to promote their centralized token. Only idiots would fall for a scam like XRP. But let’s be real, most people are fucking morons.
Samson Mow @Excellion Jan 24
Adding anything other than #Bitcoin to a digital asset reserve is effectively gifting taxpayer money to corporations and individuals that printed their own token out of thin air.
XRP/Ripple just pushed a button to make 100B tokens. Why would you gift them tax dollars for that?
I see a lot of posts hating on or listing out reasons why you should hate Ripple/XRP, and I just want to add some perspective.
You still don’t hate them enough and there are still way more reasons why you should hate them.
Julian Fahrer @Julian__Fahrer Jan 24
I’ve been attacking Ripple all day.
You would think my replies would be blowing up with XRP bag-holders.
But the truth is – they don’t exist!
It’s all one big insider trading operation!
Pierre Rochard @BitcoinPierre
https://x.com/BitcoinPierre/status/1883019672104386762
Ripple can trivially fork the XRPL software and add trillions more XRP or remove the escrow locks.
Ripple wrote up a fake narrative of decentralization, there are no “alternative publishers”. It’s just a shell game of Ripple affiliates.
The Ripple business model:
(1) “incentivize” banks to put their brand in a press release
(2) hype up the press release to dump XRP on retail
(3) banks don’t actually use their tech
Banks don’t really use them…
https://x.com/EA_Rice/status/1882958689780556216
Ripple is a shitty company. $XRP is useless
Zero strategic interest for the United States to subsidize press releases for low quality software
Damilare Damidez @DDamidez
Fred Krueger and Ben Sigman: The Midnight Heist That Netted $292k on $SAB121
Fred Krueger (@dotkrueger) and his associate Ben Sigman (@bensig) executed a heist in the middle of the night, making $292,000 by sniping 67% of the #SAB121 token supply.
Fred also profited an additional $58,645 by rug-pulling tokens like $USSR, $Krueger, and $Fred. Despite presenting themselves as Bitcoin maximalists and early Bitcoin adopters, their recent actions suggest they’re exploiting the meme token market for personal gain.
Let’s break down what happened:
https://x.com/DDamidez/status/1883112950434541708
https://x.com/DDamidez/status/1883112955811860573
https://threadreaderapp.com/thread/1883112950434541708.html
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