If anyone here lives in a cave and missed this somehow: SEC twitter was hacked yesterday and tweeted a fake ETF approval tweet (edit: mentioned in the post I really should read before commenting but I’m sick so blargh).
This lead to a surprising amount of conspiratorial thinking including that:
An intern did it, despite the SEC saying they were compromised
They just oopsied and posted it a bit early, despite saying they were compromised
They did it themselves on purpose just to mess with bitcoiners or pump-and-dump or something
They did it themselves because twitter restored the account suspiciously fast.
With the actual approval everyone’ll probably move on. But bitcoiners are doomed to chronic dissatisfaction so they’ll probably find something new to hate the SEC for sooner or later.
The cryptocurrency people I spoke to in .nl talked about this ETF as a holy grail, the moment of moon, in Dutch news this news was reported when it happened (deep in the night) and this morning wasn’t even on front page of the recent news site anymore. So do wonder if this will bring in more money into the crypto ecosystem (Sure it will drive the price up, or stop a crash, but that might not change the liquidity).
So yeah it is very much not a big news item.
E: scratch that, there is now an explainer about it, 15 hours later.
If anyone here lives in a cave and missed this somehow: SEC twitter was hacked yesterday and tweeted a fake ETF approval tweet (edit: mentioned in the post I really should read before commenting but I’m sick so blargh).
This lead to a surprising amount of conspiratorial thinking including that:
With the actual approval everyone’ll probably move on. But bitcoiners are doomed to chronic dissatisfaction so they’ll probably find something new to hate the SEC for sooner or later.
I missed it and don’t live in a cave, unless you count Australia, which I guess isn’t not a cave
Evidence for cave:
Evidence against cave:
It could go either way honestly.
Australia, unlike Finland, exists, but is a cave.
It’s plato’s cave, we’re just living in it
(Probably a joke someone has tweeted already)
Additional evidence for cave:
Additional evidence against:
The cryptocurrency people I spoke to in .nl talked about this ETF as a holy grail, the moment of moon, in Dutch news this news was reported when it happened (deep in the night) and this morning wasn’t even on front page of the recent news site anymore. So do wonder if this will bring in more money into the crypto ecosystem (Sure it will drive the price up, or stop a crash, but that might not change the liquidity).So yeah it is very much not a big news item.E: scratch that, there is now an explainer about it, 15 hours later.
the dog that caught the parked car
We will have to see if this will cause the cars to buy more dogs in the future and not just increase the price of the one dog.