Did I lose even before the announcement? 
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I’d go for a brand new API release
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which is why I have not (yet) predicted an API. Much as I desire one.
That time bitcoin didn’t make it to the moon…
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I’d like to see some real world examples of how this can be used to “foil deep fakes” - the article was a bit short on this point … I’d worry more that the idea of it being used to stop fake news would instead be used to fool people into trusting fake news.
While I’ve not been able to check the link on the SEC perhaps due to heavy traffic, multiple outlets are now reporting that all of the bitcoin spot ETF applications - eleven total - are now officially approved.
Keep track of the drama on cointelegraph:
Edit:
Official SEC BTC ETF approval doc - pulled before the SEC rugged it:
SEC ETF doc is 22 pages. BTC whitepaper is 9 pages 
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The commissioners voted 3 votes for the 2 against granting the ETF’S.
Gary voted for!! 
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Supposedly these ETFs will be fully backed… but then supposedly the Gold and Silver ETFs were going to be fully backed also.
And if they do become fractional reserve (openly or secretly), that could/will create long term price suppression for BTC, as long as the scheme operates. Time will tell I guess.
The limiting factor here is really bitcoin itself, because it doesn’t scale well. If everyone in the world could hold and make btc payments without friction (high fees), there would be no need for higher level middlemen.
So I’m afraid that until such tech is available, fractional reserve price suppression (parasitism) will always exist in one form or another.
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Excellent point. I hope that the spot ETF’s will openly publish the addresses that actually hold the BTC they own. It’s practically impossible to do this with gold and silver as audits take time and $$ and also are never up to date; but blockchain solves that dilemma.
Really if any of these ETF’s don’t publish their addresses and so allow for immediate audit, then they should be highly suspect.
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agreed. According to the articles I read, only one of the ETFs is planning to publish BTC addrs. fwiw.
yeah, I just listened to this podcast today actually. They were largely stating the obvious… bitcoin doesn’t scale beyond a certain low point, and lightning hasn’t gained traction, and maybe never will.
Advancements continue however. There are zero knowledge blockchains on the horizon that promise to offer both better privacy and scalability.
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I guess it’s true 
edit: nvm, it’s already here. Wish I knew earlier ;p
I’ve heard some of the ETFs may publish the addresses to gain more trust and therefore more demand.
Those that try fractional reserve with btc will probably get reckted eventually.
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I disagree it won’t be scaled. It is slowly scaling, but very slowly. Just like the internet did.
I recognise the challenges but i don’t think they are impossible to solve.
Gonzalo Lira murdered in Ukraine. The US gov. is complicit as they could have easily gotten him out and it was their responsibility to do so - which demonstrates again that the laws & rules only apply when they want them to apply.
Or stated another way, the State will only support you, if you’re an obedient slave.
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