BlackRock’s Bitcoin Scheme: How Wall Street Giants Are Bilking Poor People Out of Money (www.youtube.com)
from theHRguy@lemmy.world to technology@lemmy.world on 15 Jun 10:30
https://lemmy.world/post/31413517

Get ready to have your mind blown by “BlackRock’s Bitcoin Scheme: How Wall Street Giants Are Bilking Poor People Out of Money.” This video dives deep into the shocking reality behind the Bitcoin hype and exposes how BlackRock and other Wall Street titans are quietly taking over the crypto world while everyday people are left holding the bag.

In “BlackRock’s Bitcoin Scheme: How Wall Street Giants Are Bilking Poor People Out of Money,” you’ll learn how just 1% of entities control nearly 90% of all Bitcoin, and how BlackRock alone has amassed over 530,000 BTC—making them the second-largest holder on the planet. The video breaks down how institutional giants use thousands of wallets to hide their concentration of wealth, while the media and crypto influencers keep pushing the myth of “decentralization.”

We’ll also reveal how new deregulation moves—like Trump’s rollback of IRS crypto broker rules and the SEC’s so-called “innovation-friendly” policies—are making it even easier for Wall Street to dominate, while retail investors get crushed by scams and volatility. “BlackRock’s Bitcoin Scheme: How Wall Street Giants Are Bilking Poor People Out of Money” is your wake-up call: Bitcoin isn’t the revolution you were promised. It’s become another playground for the rich, and the real winners are the same financial giants you thought you were escaping.

#technology

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wizardbeard@lemmy.dbzer0.com on 15 Jun 11:30 next collapse

Why does this description sound entirely like someone trying to sell me something?

rottingleaf@lemmy.world on 15 Jun 13:38 next collapse

Probably because they are. Could have made it a text otherwise.

dhork@lemmy.world on 15 Jun 13:46 collapse

Even the people who are against crypto are probably shilling something. Same song, different key.

kayky@thelemmy.club on 16 Jun 06:12 collapse

This guy wasn’t born yesterday.

db2@lemmy.world on 15 Jun 12:12 next collapse

Even if they do have 90% that’s not what centralization means. It doesn’t work like dollars.

Also at least 10%, maybe even 20% or somewhere between the two, is burnt. Inaccessible.

Blackrock and others are absolutely fucking around criminally, but if you’re going to try to report about it you should at least bother to get the basics right. Ignorance is one of the reasons they’re able to get away with this crap.

rf_@lemmy.world on 15 Jun 15:24 collapse

What does centralization mean then? Those numbers look pretty concentrated to me.

YesButActuallyMaybe@lemmy.ca on 15 Jun 15:49 collapse

But but but muh blockchain is decentralized… as if a hostile actor with enough resources couldn’t just take control.

In this context it means that although Blackwood holds 90% they still rely on ‘third’ parties to validate and accept transactions

db2@lemmy.world on 15 Jun 17:59 collapse

as if a hostile actor with enough resources couldn’t just take control.

Nobody said that couldn’t happen. It has happened in fact, to a fork shitcoin. Everyone knew immediately and it lost trust, it’s relatively worthless now. Blackrock won’t undercut themselves that way. They’re psychotic narcissistic parasites but they’re not stupid.

QuarterSwede@lemmy.world on 15 Jun 12:47 next collapse

Fuck BlackRock. Disgusting company.

lemmydividebyzero@reddthat.com on 15 Jun 16:51 collapse

Even after watching it, I have no idea, what the headline is supposed to mean…

How Wall Street Giants Are Bilking Poor People Out of Money

Poor people usually don’t own/buy/trade bitcoin…

And in case it’s about Blackrock investing the retirement money of the poor… The same video mentions that the Bitcoin ETF is the fastest growing ETF ever…