single coin ETF / fund (ala grayscale 2% mgmt fee 🤮)
coin index ETF / fund (ala bitwise 2.5% exp ratio 🤮)
what's the next low hanging fruit for tardfi to financialize crypto to sell to normies and extract rent for doing fuckall?
im thinking ETH staking products, post-merge
Fidelity ETH Staking Fund A-ACC-USD wen
tardfi could either be lazy and subcon to staking service providers (reduce liability) and then still slap on a fee after that
or they could internalize the staking ops and charge "market staking rate" and enjoy a thiccer margin
might be the former, which morphs to the latter
once this happens, our ponzi gonna go gangbusters
tardfi bros gonna coom with post merge ETH POS ESG narrative, deflationary and scarce memes, the "defi" chain, lindy and gini enough, staking "risk-free rate" and their newfound cashcow to continue as new age digital middlemen for the selling, the custody, and the staking of ETH
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first off, its psyops that it is desirable to get US higher education
second, why not ask whether these kids should be even be legally able to take on tens of thousands of student debt to fund some degree in art or gender studies or w/e
my idea of good crypto regulation is govts issuing citizens waiver forms
that discharge the govt of their duty to protect citizens from any crypto related losses (not feasible to enforce) or to look after them if they go bust, become homeless and become a burden to the nation