Bitcoin ETFs, in my opinion, represent a significant deviation from what makes Bitcoin inherently valuable and unique.
To me, Bitcoin is not just an investment vehicle; it's a symbol of decentralization and inclusion, designed to eliminate the middle man with peer-to-peer transactions, censorship resistance, and a limited supply, transcending simple monetary gains. However, the concept of ETFs, especially those managed by large entities like BlackRock, seems to contradict Bitcoin's core principles.
ETFs centralize what is essentially a decentralized currency and deprive individuals of the control and direct interaction that are integral to the Bitcoin experience. This shift towards ETFs could lead to a loss of important educational aspects of Bitcoin, such as understanding digital wallets and blockchain technology. It could also create vulnerabilities in the Bitcoin network due to centralized control of the asset.
For me, the move towards ETFs is a horrible significant step away from the technological empowerment and societal benefits that Bitcoin, in its unadulterated form, offers to individuals and the community at large.
My question is,
Why are we allowing this to happen?
Sai_Satoshi / Clarisse Mcclellan_⚡️
npub1q6k…vssv
2023-11-12 23:36:46
Author Public Key
npub1q6ktvsf7t08lmly9c65qc98548s7nwsku8j8mt4yxvpuxpnz8xasa2vssvPublished at
2023-11-12 23:36:46Event JSON
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"content": "Bitcoin ETFs, in my opinion, represent a significant deviation from what makes Bitcoin inherently valuable and unique. \n\nTo me, Bitcoin is not just an investment vehicle; it's a symbol of decentralization and inclusion, designed to eliminate the middle man with peer-to-peer transactions, censorship resistance, and a limited supply, transcending simple monetary gains. However, the concept of ETFs, especially those managed by large entities like BlackRock, seems to contradict Bitcoin's core principles. \n\nETFs centralize what is essentially a decentralized currency and deprive individuals of the control and direct interaction that are integral to the Bitcoin experience. This shift towards ETFs could lead to a loss of important educational aspects of Bitcoin, such as understanding digital wallets and blockchain technology. It could also create vulnerabilities in the Bitcoin network due to centralized control of the asset. \n\nFor me, the move towards ETFs is a horrible significant step away from the technological empowerment and societal benefits that Bitcoin, in its unadulterated form, offers to individuals and the community at large.\n\nMy question is,\nWhy are we allowing this to happen?",
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