Bitcoin Minimalist Week 19 - Grayscale, Nostr, and Paxful
Bitcoin Minimalist Week 19 - Grayscale, Nostr, and Paxful
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News
Grayscale ETF Pivot
After continual rejection from a Bitcoin ETF and a NAV of close to -(50)%, Grayscale is considering pivoting to a tender offer. This comes after owing its customers $900 million, some say due to the exposure to FTX.
Initially, the solution was to create an ETF to fix the NAV issues. But since they have been continually rejected, they are suggesting a tender offer, where purchasing back the shareholder's stock would be the solution.
Nostr
Twitter has banned the promotion of other social media platforms. Former Twitter CEO, Jack, and other users started supporting Nostr, a decentralized protocol that can create censorship-resistant social platforms.
Now, Bitcoiners are running to set up and test the platform for themselves. Read more about how to get set up at usenostr.org
Paxful
This morning, the CEO of Paxful, Ray, decided to remove Ethereum from their marketplace.
Ray has talked about doing this before but has recently pulled the trigger for Paxful which covers many emerging countries. Paxful, on average, exchanges around $45 Million in weekly volume.
Price
Bitcoin continues its boring slide sideways in this bear market.
Tweets
Fiat vs. Bitcoin
Public Bitcoin Miner Shares
ASICs and Heat Gradients
Bear Market Comparison
Jobs
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What to read
The World’s Money Problem