Long Form Discussion, ETH ETFs and Industrialisation of Crypto Bagholding

00:00:00 What is an ETF?
00:03:38 Portfolio management and random walk theory.
00:08:51 Bitcoin and Etheruem are proofs of concept and not commercially viable.
00:09:57 What do Crypto Venture Capitalists mean when they talk about community? Bagholding.
00:11:01 FOMO and obfustication are the only innovations in blockchain since 2014 .
00:12:39 ETF versus Crypto Exchanges, FTX, Coinbase, Hypothecation, fractional assets, custody.
00:17:43 What is money? Gold standard; fiat has meant the socialisation of risk amd privatisation of profit.
00:21:51 World Bank, ending farming in the West to save the planet by 2050 is really an attack on our basic human connection to nature.
00:25:09 Exchange Traded Funds vs Crypto Exchanges, trust and why we have regulation; Federal reserve history.
00:28:25 ETH ETF is really about industrialising crypto pump and dump bag holding, socialising risk and privatising profit.
00:31:49 Intrinsic value of Bitcoin and Ethereum is nil.
00:32:07 Crypto as a meme stock? Crypto ETFs are much worse. Opaque, controlled by an unknown few whales, no oversight.
00:36:32 DO ETF's even have the assets or just a call upon the assets? What is the contagion risk?
00:39:01 Tulip mania, repeating the same mistakes.
00:41:26 Crypto ETFs are a response to the increasing cost of acquiring new bag holders for whales to use for cashing out. It is entirely about the crypto bros wanting to join in the traditional financial system socialising risk and privatising profit.
00:44:28 ETFs provide access to massive distribution with high fees to incentivise that.
00:46:23 Crypto ETFs are all about the industrialisation of bag holding, but next: central banks holding Bitcoin and Ethereum reserves.
00:47:46 Ethereum doesn't scale and uses anonymous proof of stake, enabling manipulation. Solidity is bad and Ethereum Virtual Machines are dangerous. Bitcoin is a proof of concept for payments, it was never intended to be a store of value, that narrative has only emerged to suit whales and their useful idiot acolytes.
00:53:37 Rising marketing costs have moved the focus from getting individuals into crypto (so called exchanges, joke 'layer 2') to ETFs as a industrialisation of this.
00:55:41 Cryptonews is really just paid promotional work. Mainstream media simply not working and is just as bought and paid for. GB News.
00:57:58 South Sea Affair, pump and dump, spineless politicians with no principles except the ones they are paid to have or that Gallup tells them they need to claim. What is left when ETH and BTC fall to their real value - nil for Ethereum, very low for BTC?
01:07:13 What is a cryptographic coin. Realities of crypto industry. Layer 2. Bitcoin Runes and Ordinals. All of it is a massive waste of money to dupe people into an open ponzi and pretend that square wheels work rather than creating real answers and delivering real innovation.
01:13:55 Pensions and public pensions will be buying this rubbish. GFC2008 diminished the value of money, massive socialisation of risk that has created a bubble of everything, excluding the majority from participation in the economy. Crypto ETFs are more of the same.
01:20:21 Bitcoin and Ethereum liquidity, FX markets.
01:26:27 Derivatives, provenance, Dole Foods, ledger failures, fraud.
01:31:58 Manipulating rules, fake businesses.
01:37:35 Sub-daylight gravity assisted vertical insertion. Manipulating the meaning of words to obscure the truth is the crypto industry's greatest skill.
01:40:26 Pattern of stink attaching to all of this, completely contrary to what blockchain was meant to be all about.
01:44:02 ETF Fees. How distribution channels will make a lot of money out of this, but the average Joe or Josephine who invested their hard earned money will not.
01:46:52 Founder of QPQ's journey to this point. Believer in the power of this technology to transform lives and provide the basis of the internet of economics.
01:56:02 Smart people have an obligation to do better and to look out for less fortunate people. Beijing billionaire versus Tokyo millionaire. Trust can only be broken once.
02:03:20 How events are manipulated and mis-reported in order to drive the technocratic World Economic Forum agendas. Is George Soros a crypto whale?
02:06:19 Misinformation wars. ESG divisiveness. Globalisation isn't working. Culture matters. High faith societies still work. Japan and Switzerland. Trump and Democrats. Fascism is national socialism, corporatism isn't capitalist, its fascist.

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