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Hodl is fraud by inducement

Promoters of bitcoin as an investment are the inducers in the fraudulent ponzi scheme. Miners running it are also liable for running a ponzi.  Ponzi means illegitimate investment scheme. It’s illegitimate because they aren’t based on real businesses. If you are induced to buy bitcoin from someone the only way you make money is from a greater fool paying more for it in the future. This isn't legitimate and will ultimately run out of new people. Other assets like stocks are based on real businesses that earn profits or gold which has consuming demand.  Investing in bitcoin goes directly to someone selling. You can say the same partially about a stock when buying existing stock from another shareholder- but this represents ownership or prior investment in a productive business. All you can do is find a buyer to get out with bitcoin and it doesn’t represent ownership in any productive business.  The money isn’t invested productively because there is no bitcoin company and sellers are a
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GBTC hostile take over

  GBTC short strategy--  GBTC is a company with assets (bitcoin) inside a trust- it is a business trust. The shareholders can dissolve this business trust and get access to the underlying bitcoin.  They can also elect a new trustee, decide to change (lower) the management fee because they tell the trustee (currently grayscale) what to do, not the other way around.  GBTC often trades at a discount. My short strategy if I was a hedge fund would be to do a leveraged buyout of GBTC so that you have enough voting power to fire grayscale as the trustee, appoint a new trustee, lower the fee and then eventually dissolve the business trust to get access to the underlying bitcoin. Before doing that, you can short bitcoin futures, then start buying up GBTC, then dump the bitcoin on the market when GBTC is dissolved. Buy back the futures at lower prices and then profit.  I figured out that GBTC is just some business trust after reading a paper from Carla Reyes on business trusts.  https://papers.s
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