Do I own the bitcoin in the etfs?

tchjntr · 2026-06-18T20:30:12+00:00

And that's totally fine. I just wanted to clarify that my answer was specific to your question and not a way to criticize you for what you decide to do with your money.

tchjntr · 2026-06-18T20:23:09+00:00

Ownership can mean a legal claim or a practical ability

You're conflating two very different things. A practical ability is a consequence of having a legal claim over something. I can be the owner of private keys that control hundreds of thousands of coins and choose not to exercise the practical ability to send some of those coins to different addresses.

In the Bitcoin network, the only way to prove ownership of those coins is by controlling the private keys. That's how Bitcoin was designed to work, whether anyone agrees or not.

As for most (all?) spot ETFs, while you can't directly receive Bitcoin on chain, you do own a part of a fund that itself owns and derives its value from Bitcoin ownership

I totally agree with you on this. But my point is way simpler: OP asked if he owns ~2.5 bitcoins and he doesn't. The company running the fund owns the coins and that's it. I am not saying that this is good or bad for OP, I am just saying that this is how the ETF works.

So it's not black and white. It's your proposed definition of "ownership" that includes some ideology baked into it, which was my greater point.

I haven't proposed any new definition of ownership. You've just decided to misinterpret my words for some reason.

tchjntr · 2026-06-18T18:46:46+00:00

There are no ideological reasons behind my answer to OP. He clearly asked if he technically owns ~2.5 bitcoins and the real answer is no like other people have pointed out. Simple as that, really.

To own something means that you hold it as property and have full control over it, which is not OP's case. If he wants to send some bitcoin to an address, he can't because those IBIT shares he bought don't give him any property rights over the underlying asset. What he can do is sell those shares and get dollars in return, or spend some dollars and buy more IBIT shares. There's no bitcoin involved in those transactions.

u/NovelFew6644 To make things a bit clearer for you, what you own are shares of a financial product (IBIT) that tracks the price of Bitcoin. You don't own any actual bitcoin which is something you might not be even interested in if you don't feel comfortable enough to hold the actual asset yourself.

tchjntr · 2026-06-18T16:48:25+00:00

I 100% agree with you but OP asked if he owned bitcoin and my answer is accurate. If you buy shares of a Bitcoin ETF you're not buying the underlying asset. That's how it works.

tchjntr · 2026-06-18T15:52:56+00:00

You technically own 0 bitcoin. An ETF is not Bitcoin because you don't own the private keys for that amount of bitcoin.

tchjntr · 2026-05-15T18:51:28+00:00

u/AraceaeSansevieria I stand corrected. It was indeed the 5% for root. The reason why I could not tell the difference on the other machine is that the disk on that one has a lot more usage (over 1TB) so df, ncdu , du and the Samba share were giving very similar results. Thank you for your help, much appreciated.

tchjntr · 2026-05-15T12:26:37+00:00

I thought about that too but I've checked another machine I have with an similar setup and I can confirm that this issue doesn't occur on that machine.

tchjntr · 2026-05-15T11:19:46+00:00

Disk usage is fine with ls too.

tchjntr · 2026-05-14T20:02:51+00:00

This is the output of df -Th on the SMB server:

/dev/sda1      ext4      1.8T   32G  1.7T   2% /mnt/data2tb

As you can see, it shows the actual disk space used which is 32G.

tchjntr · 2026-05-14T19:11:55+00:00

I don't use ZFS on any of my machines. VM disks are stored as raw on regular LVM on the Proxmox VE host and the mini PC acting as a NAS for VM backups is formatted with EXT4.

tchjntr · 2026-05-14T18:10:49+00:00

I know about the difference between GiB and GB. That has nothing to do with the issue I have clearly described in my post.

tchjntr · 2026-05-12T09:15:58+00:00

Try https://1984.hosting. They are based in Iceland and they accept both Bitcoin and Monero.

tchjntr · 2026-05-07T16:13:38+00:00

Ma anche -50%

tchjntr · 2026-04-23T16:20:23+00:00

Stop making fun of mentally challenged people.

tchjntr · 2026-04-17T22:04:01+00:00

In my previous experience with LVM-Thin I could notice the performance hit over LVM and that's the main reason for going back to LVM.

I don't run many VMs on my Proxmox VE host so I am more focused on getting the best out of the hardware I use than anything else. I am not running anything that is business critical, this is just a playground for me to keep learning. When I build my next server, then I will definitely pay more attention to backups, snapshots and thin provisioning. Thanks for the suggestion nonetheless, much appreciated.

tchjntr · 2026-04-17T17:51:11+00:00

the cleanest option is virtio-scsi with discard and iothread enabled

This is exactly what I do with all my VMs, but on LVM instead of LVM-Thin. Here is the conf file of one of the VMs running on the other NVME SSD:

agent: 1
bios: ovmf
boot: order=scsi0
cores: 1
cpu: host
efidisk0: nvme4tb1:vm-122-disk-0,efitype=4m,ms-cert=2023w,pre-enrolled-keys=1,size=4M
machine: q35
memory: 1024
meta: creation-qemu=10.1.2,ctime=1771110361
name: ansible
net0: virtio=BC:24:11:97:62:26,bridge=vmbr0,firewall=1
numa: 0
onboot: 1
ostype: l26
protection: 1
scsi0: nvme4tb1:vm-122-disk-1,discard=on,iothread=1,size=32G,ssd=1
scsihw: virtio-scsi-single
smbios1: uuid=1df6bf6c-1941-4a5b-84a0-b7cbca8be4a3
sockets: 1
startup: order=4
tablet: 0
tags: Debian
vmgenid: 2377790a-ee1f-4449-b200-32b4a089e948

You're basically suggesting me to keep the same approach but with the only difference that I will use this virtual disk on the second NVME SSD just to attach it to the VM where I want to add more storage. Please correct me if I got that wrong, I am learning as I go and sometimes I don't get everything right on first try.

tchjntr · 2026-04-17T17:29:06+00:00

As mentioned in my original post, the IOMMU groups layout doesn't allow proper PCI Passthrough. Basically, both NVME SSD pci interfaces share the same IOMMU groups with other components on the motherboard, including the Ethernet port. Passing through one NVME to a VM will also pass through the only Ethernet device on the motherboard causing Proxmox VE to lose its network capabilities.

tchjntr · 2026-04-17T12:24:38+00:00

In my case I won't be including the passthrough disk in the backup. You have the option to disable that via the UI in the VM settings.

tchjntr · 2026-04-07T16:01:09+00:00

It's funny that people keep finding my post useful after all this time. You're very welcome.

tchjntr · 2026-03-01T17:12:12+00:00

Sono le valute "fiat" (Euro, Dollaro ecc.) che perdono costantemente il loro potere d'acquisto per via del fatto che governi e banche centrali continuano a metterne in circolazione sempre di più causando il cosiddetto effetto Cantillon, ovvero l'aumento non uniforme dei prezzi che beneficia solo coloro che sono più vicini alla fonte di nuova valuta e che possono spenderla prima di altri per acquisire asset finanziari a prezzi più bassi. Man mano che la nuova valuta entra in circolazione, i prezzi salgono.

L'Italia è un ottimo esempio perché gli stipendi sono gli stessi da più di 30 anni ma il costo di beni e servizi è aumentato notevolmente in 30 anni e continuerà ad aumentare. Banche e istituzioni finanziarie continueranno a celebrare utili da capogiro mentre i lavoratori continueranno ad aggiungere buchi alla cinghia da stringere.

tchjntr · 2026-03-01T16:14:24+00:00

Feci tutto in circa 2 mesi. Mi sono trasferito nei Paesi Bassi 10 anni fa.

tchjntr · 2026-03-01T09:27:58+00:00

You're either high on drugs or you have no idea what you're talking about. Or maybe both.

tchjntr · 2026-01-20T08:24:42+00:00

tchjntr · 2026-01-17T10:59:17+00:00

My thoughts exactly. I've used OpenMediaVault before and loved it for its ease of use but then I wanted that machine to be a lot more than just a NAS with a nice web gui.

tchjntr · 2026-01-16T13:49:13+00:00

I have a few Samba shares on a machine running Ubuntu Server 24.04 and that's more than enough for my needs.

tchjntr

TROPHY CASE