AMi

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npub1grhp5njagm0kzm24svnwnyxuj3fmgmkmrrvrxzd4nrpuc6g9u34qz8w96e

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nprofile1qqsypms6few5dhmpd42cxfhfjrwfg5a5dmd33kpnpx6e3s7vdyz7g6spr9mhxue69uhkcctwvuh8yetvv9uhxtnvv9hxgtmswsq3wamnwvaz7tmwdaehgu3wd3hhqupwwdhkx6tpdskxqjsd

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npub1grhp5njagm0kzm24svnwnyxuj3fmgmkmrrvrxzd4nrpuc6g9u34qz8w96e

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Last Notes

2026-07-13 23:00:46 CEST

lol, lately i'm more interested in apps developers don't want us to know about. rabbit hole not empty at all 😂🤣

2026-06-16 00:55:43 CEST

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why?

2026-06-02 08:15:41 CEST

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will try it out

2026-05-21 22:01:28 CEST

BlackRock as 'Fronters': It Was Never a Theory—It Left Footprints
The word "theory" suggests something unproven—a speculation floating in the ether, waiting for evidence. But what happened to Bitcoin in the last three years wasn't a theory. It was a strategy—and it left footprints. The government didn't need to ban Bitcoin. They just needed to strangle its access to the banking system, let the crypto-friendly banks collapse, and then have their most trusted asset manager walk in to "save" the industry. That's not a conspiracy. That's just documented public record.
Phase 1: The Squeeze (Operation Chokepoint 2.0)
The first footprint is undeniable. Between 2022 and 2023, U.S. banking regulators systematically choked off crypto's access to the financial system. The FDIC sent letters to banks—23 of them, obtained by Coinbase through a court order—telling lenders to "pause all crypto asset-related activity". Not stop. Just pause. Indefinitely. Banks that wanted to offer Bitcoin services were met with "offline conversations and threats of formal supervisory actions". The message was clear: work with crypto, and you'll face regulatory hell.
The result? Silvergate Bank, Signature Bank, and Silicon Valley Bank—the three most crypto-friendly lenders—were all shut down within weeks of each other in March 2023. Silvergate's former chief administrative officer later testified that regulators "would not tolerate banks with significant concentrations of digital asset customers". The acting FDIC chairman himself admitted that banks' requests to engage with crypto "were almost universally met with resistance," and that "the vast majority of banks simply stopped trying".
This wasn't a theory. The FDIC's own internal letters proved it.
Phase 2: The Entrance (BlackRock Steps In)
With the crypto industry cut off from banking, its traditional exchanges reeling, and prices suppressed, a strange thing happened. BlackRock—the same firm that manages $11.6 trillion in assets, runs the Federal Reserve's bond-buying programs, and has alumni cycling through Treasury and Fed positions—launched a spot Bitcoin ETF. Not any ETF. The iShares Bitcoin Trust (IBIT) became the largest and fastest-growing ETF in history, surpassing $100 billion in assets at record speed.
By 2026, IBIT held over 570,000 Bitcoin—more than any known entity except possibly Satoshi himself. That's approximately 2.7% of all Bitcoin that will ever exist, controlled by one company on behalf of pension funds and retail investors who never touch a private key.
Here's the kicker: the government didn't stop BlackRock. They hired them. During the 2008 crisis, the Fed enlisted BlackRock to dispose of toxic mortgage securities from Bear Stearns. During COVID, the Fed again turned to BlackRock to manage its bond-buying programs, with the firm acting as a "fiduciary to the Federal Reserve Bank of New York". Legal scholars have called BlackRock an "unofficial fourth branch of government". Larry Fink has been on shortlists for Treasury Secretary under multiple administrations.
The same firm that chokes out crypto's access to banks is the firm that the government trusts to handle its own balance sheet. And now, that same firm holds more Bitcoin than almost anyone else.
Phase 3: Control Through Custody
This is where the "fronting" becomes undeniable. The government couldn't stop Bitcoin, so they did the next best thing: they made sure it flowed through channels they control.
When you buy IBIT, you don't own Bitcoin. You own a share of a trust that holds Bitcoin. You don't have a private key. You can't send it peer-to-peer. You can't escape the banking system with it. BlackRock is your custodian, and BlackRock answers to the Fed, the SEC, and the Treasury. The Bitcoin is still there—but it's been domesticated. It's now a line item in a 60/40 portfolio. It trades during U.S. market hours (now responsible for 57.3% of Bitcoin-dollar volume, up from 41.4% in 2021). Its price is increasingly set by options market makers and hedge funds running arbitrage trades—not by cypherpunks or libertarians.
Arthur Hayes, co-founder of BitMEX, put it bluntly. He argued that most institutional activity inside IBIT "has nothing to do with long-term conviction" and is instead a basis trade: funds buy IBIT shares while shorting CME Bitcoin futures to capture the yield difference. "They are not long Bitcoin. They only play in our sandbox for a few extra points over Fed Funds".
In other words: Wall Street isn't buying Bitcoin because they believe in it. They're buying it because the government made it safe enough to trade, and now they're extracting yield from it like any other asset. The revolutionary edge has been sanded off.
The Footprints Are Everywhere
Look at the timeline again. 2022-2023: Crypto-friendly banks are pressured out of existence. 2024: BlackRock's Bitcoin ETF launches with the SEC's blessing. 2025: The same regulators who spent years choking crypto are now relaxing enforcement, with SEC crypto actions dropping 60%. The Trump administration ends the Justice Department's cryptocurrency enforcement team and establishes a Strategic Bitcoin Reserve.
But the ETF remains. BlackRock's IBIT is still the dominant force, holding more Bitcoin than ever. And every time someone buys IBIT instead of self-custodying real Bitcoin, the system wins. The government doesn't have to ban Bitcoin. They just have to make the regulated, custodial, Wall Street-friendly version so convenient that most people never bother with the real thing.
That's not a conspiracy. That's just good strategy—and they left the receipts.
---
The bottom line: BlackRock isn't a front in the Hollywood sense. They don't wear masks. They don't operate in shadows. They sign contracts with the Federal Reserve, hire former regulators, and manage government bailouts. When the government needed to tame Bitcoin, they didn't send in the FBI. They sent in an asset manager. And the asset manager now holds the keys to the kingdom—literally.
The footprints are there for anyone willing to read the FDIC letters, follow the on-chain data, and connect the dots. The question isn't whether it happened. The question is what happens next?
#Bitcoin #BitcoinETFs #BlackRock
https://blossom.primal.net/f0f9b046fe5cabd8a8f1076f656e62b005133ec71cc568bfb3d6cffa2e802dc3.png

2026-05-17 08:50:17 CEST

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https://blossom.primal.net/f99fd295fb6dbda1fffa5f52f33d5a15aa47323bfa93e93d82b73f85659c3e80.gif

2026-05-10 17:59:21 CEST

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this is cool af, but the gov't is watching
https://blossom.primal.net/e2c4d2bed736bde9e2ed425ac21f00f80534a7d4f4345c1cf1138bc9d86f4b0d.gif

2026-05-07 16:53:31 CEST

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#photography #btc #nostr

2026-05-07 15:24:15 CEST

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lmao, yep they are going to get vaccinated again
https://blossom.primal.net/a000bcc1920b86c3eda40b336373024a76d7b326b5433658e8f6470b237f2fe1.gif

2026-05-07 12:02:39 CEST

do we have scientists here on nostr? can any of you tell me what is this purple stuff growing on the log?
https://blossom.primal.net/1db7a9a9f61be91b69bdc9234e8e7050de96757c16e27af7f2f9f6451e477163.jpg

2026-05-06 00:31:56 CEST

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memes

2026-05-05 20:28:14 CEST

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lmao, people are being delivered to their houses. wait, does remote start mean parallel autonomy?

2026-04-30 10:36:10 CEST

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this is bad.
so either you play by the rules or go to jail

2026-04-28 22:01:27 CEST

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is this why they have a problem with samourai wallet and not cake wallet and all the other wallets that claim to have integrated privacy protocols/tools?
sorry i'm a noob
https://blossom.primal.net/5aed37a35908e173db01549b5cf2192bd3ea1b8f6b379285425a00494de16ed7.jpg

2026-04-27 01:47:14 CEST

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lmao, this post and the comments got me laughing hard.

2026-04-27 01:43:55 CEST

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https://blossom.primal.net/e0031039eae3566a496d9c4a8752555b624b49d156343e1795d6c0e013b5e966.gif

2026-04-27 01:14:40 CEST

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https://blossom.primal.net/dd8bca9deeedaeaf997c39260b90863677e9beddf45123cff868a7fa0e8d2d29.gif

2026-04-25 09:03:19 CEST

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all the stupid vibe coders should switch to trying to code something like samourai wallet

2026-04-23 01:34:22 CEST

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cant even sell the couch i bought on credit
https://blossom.primal.net/99a2bd7645004d13942eafdd930bed5dff5f1c9f1d0092fb19a33357c1dd9e63.gif

2026-04-20 23:53:19 CEST

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🤣 and the masses conform.

2026-04-04 03:12:01 CEST

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and we are going to need 21 million btc to withdraw the free btc

2026-03-26 23:19:07 CET

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trust the gov't

2026-03-25 08:14:25 CET

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somebody please zap me, i also wanna try/see 🫣

2026-03-25 07:57:54 CET

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but as a business, i think it is working for elon, it is making him bank

2026-03-19 11:48:26 CET

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cup disappeared and reappeared. seems real

2026-03-19 06:32:23 CET

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lol, that would be dumb af, from multiple streams of income to one?

2026-03-18 10:47:21 CET

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you aren't the only one

2026-03-18 10:43:48 CET

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https://blossom.primal.net/d41f8dc8e44e82a1a5a5dca53574087bb2fc3a524f9707855355d6063f82cc93.gif

2026-03-18 03:00:12 CET

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this blue takes us back to twitter

2026-03-17 08:00:59 CET

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social engineering, lol, only problem here is the brains on the other side 😅

2026-03-17 01:05:57 CET

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lol, damn, mfs still fucking it up 😭. i guess will we never see the end of chapter 11 bankruptcy

2026-03-16 04:43:47 CET

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no lies detected

2026-03-16 00:27:42 CET

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99.95% where rug pull coins

2026-03-13 01:05:10 CET

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i think same funtion, different form

2026-03-12 23:57:53 CET

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We love retards

2026-03-12 23:46:17 CET

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done

2026-03-12 23:22:10 CET

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real money vs cbdc.
what's going to happen to chinas digital payment system?
will the american gov't give their people control? while they are obsessed with kyc? i doubt their new monetary system will be decentralized