Taking a seat in the back of the room and trying new shoes, looking at the improbable US spot ETF:
-drives attention away from self custody
-gives more power to bankers over bitcoin narratives and price
-doesn't really change much in demand, there are bitcoin ETFs and products all-over the world, including futures ETFs in US
-increases US regulatory pressure on #bitcoin businesses
-gives "crypto" scammers ammo for promoting their shit
-incentives bankers and state to push for a "clean complying bitcoin" fork, with pos and adjustable inflation (lol)
-"if we have Bitcoin ETF we should also have ETH, Cordanoh and HEX ETFs"- future VanEck press release
What else?
bitcoinaz
npub18x…stv0k
2024-01-06 09:05:32
Author Public Key
npub18x5tzar4hcxmgn33870aqvhlmcvrez4avjvwfye2suenp5kdfp5q5stv0kPublished at
2024-01-06 09:05:32Event JSON
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"content": "Taking a seat in the back of the room and trying new shoes, looking at the improbable US spot ETF:\n\n-drives attention away from self custody \n-gives more power to bankers over bitcoin narratives and price\n-doesn't really change much in demand, there are bitcoin ETFs and products all-over the world, including futures ETFs in US\n-increases US regulatory pressure on #bitcoin businesses \n-gives \"crypto\" scammers ammo for promoting their shit\n-incentives bankers and state to push for a \"clean complying bitcoin\" fork, with pos and adjustable inflation (lol)\n-\"if we have Bitcoin ETF we should also have ETH, Cordanoh and HEX ETFs\"- future VanEck press release \n\nWhat else?",
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}