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I'm aware. What makes the parent comment particularly relevant to VanEck's ETF vs all other threads about Bitcoin?

bdcravens 8y ago
It's relevant to both. Put another way, there's nothing special about the VanEck ETF; it's just another (and there will be many more) piece of news in Bitcoin that drives up, then drives down, the price. To your bigger, implicit point, that the comment doesn't belong because it's not completely relevant, if we assume that's the case, that's the nature of a forum. How many Apple conversations dare to have comments about how the MBP isn't for developers, etc, regardless of the original point?
- SippinLean 8y ago
  You're comparing the parent comment to other irrelevant comments elsewhere, in implicit agreement with me. This article is about a specific ETF. How many people upvoting the parent comment understand that, say, the Winklevoss ETF was set to 0.01 BTC per share, whereas VanEck set each share at 25 BTC (which is something special); let alone the implications of such a difference? I think it's been established on HN that Bitcoin = bad, we don't need to regurgitate the point on every thread about it. I come here for nuanced discussion, if I wanted black and white thinking I'd be reading plebbit.
  - bdcravens 8y ago
    Aside from the share size, none of the concerns brought up in rejecting the Winklevoss ETF have changed. How would the share size impact the SEC's decision in this regard? A good point made on /r/bitcoin was that the SEC has access to the DOJ, even if through unofficial channels. The price manipulation inquiries have yet to be resolved. If the SEC gives the go ahead, and the DOJ inquiry results in negative price action, those who invested in the ETF, which likely includes institutional investors, take it square in the mouth after assuming all was safe due to the SEC action.
    - SippinLean 8y ago
      >How would the share size impact the SEC's decision in this regard? Critical to the SEC's decision is investor access to the products, so that less knowledgeable investors are protected from unsound investments. A higher share price restricts access to wealthier investors, the type that meet the SEC’s requirements for accredited investors. That is just one difference between this ETF and the Winklevoss one, you were unaware of it (and the implications) but still regarded VanEck as not "special," further highlighting how pointless generic "Bitcoin = bad" comments are on threads about specific topics.
  - bdcravens 8y ago
    > You're comparing the parent comment to other irrelevant comments elsewhere, in implicit agreement with me. No, I'm implicitly agreeing with the HN community: comments that are considered valuable are voted up, without any need for relevancy police.
    - SippinLean 8y ago
      >comments that are considered valuable are voted up I don't believe you're naive enough to believe this is the whole truth. If you are, take a look at this thread, where the parent comment (that you compared to other irrelevant comments) is the most upvoted.
      - bdcravens 8y ago
        Difference between what's considered valuable and what is valuable. Most communities lean a certain way. To little surprise, this community is also pro-open source and against the current US administration. My point is that whether or not a comment belongs is a product of the voting system.

It's relevant to both. Put another way, there's nothing special about the VanEck ETF; it's just another (and there will be many more) piece of news in Bitcoin that drives up, then drives down, the price. To your bigger, implicit point, that the comment doesn't belong because it's not completely relevant, if we assume that's the case, that's the nature of a forum. How many Apple conversations dare to have comments about how the MBP isn't for developers, etc, regardless of the original point?

SippinLean 8y ago
You're comparing the parent comment to other irrelevant comments elsewhere, in implicit agreement with me. This article is about a specific ETF. How many people upvoting the parent comment understand that, say, the Winklevoss ETF was set to 0.01 BTC per share, whereas VanEck set each share at 25 BTC (which is something special); let alone the implications of such a difference? I think it's been established on HN that Bitcoin = bad, we don't need to regurgitate the point on every thread about it. I come here for nuanced discussion, if I wanted black and white thinking I'd be reading plebbit.
- bdcravens 8y ago
  Aside from the share size, none of the concerns brought up in rejecting the Winklevoss ETF have changed. How would the share size impact the SEC's decision in this regard? A good point made on /r/bitcoin was that the SEC has access to the DOJ, even if through unofficial channels. The price manipulation inquiries have yet to be resolved. If the SEC gives the go ahead, and the DOJ inquiry results in negative price action, those who invested in the ETF, which likely includes institutional investors, take it square in the mouth after assuming all was safe due to the SEC action.
  - SippinLean 8y ago
    >How would the share size impact the SEC's decision in this regard? Critical to the SEC's decision is investor access to the products, so that less knowledgeable investors are protected from unsound investments. A higher share price restricts access to wealthier investors, the type that meet the SEC’s requirements for accredited investors. That is just one difference between this ETF and the Winklevoss one, you were unaware of it (and the implications) but still regarded VanEck as not "special," further highlighting how pointless generic "Bitcoin = bad" comments are on threads about specific topics.
- bdcravens 8y ago
  > You're comparing the parent comment to other irrelevant comments elsewhere, in implicit agreement with me. No, I'm implicitly agreeing with the HN community: comments that are considered valuable are voted up, without any need for relevancy police.
  - SippinLean 8y ago
    >comments that are considered valuable are voted up I don't believe you're naive enough to believe this is the whole truth. If you are, take a look at this thread, where the parent comment (that you compared to other irrelevant comments) is the most upvoted.
    - bdcravens 8y ago
      Difference between what's considered valuable and what is valuable. Most communities lean a certain way. To little surprise, this community is also pro-open source and against the current US administration. My point is that whether or not a comment belongs is a product of the voting system.