nobody on Nostr: Let’s address some chatter about Blackrock attempting to hard fork the BTC protocol ...
Let’s address some chatter about Blackrock attempting to hard fork the BTC protocol into some “ESG Compliant” version. Bring it on I say - I’ll take the coins from the hard fork and immediately sell for real BTC. We will watch the purchasing power of these hard forked coins collapse like with bcash, and Blackrock will be throughly humiliated in the process, and learn an incredibly valuable lesson about the power of users running their own nodes…
For the record I don’t believe Blackrock would attempt such a hard fork, especially if they are competing against a number of other large BTC ETF providers as it would be suicide to do so. Personally I’m more worried about paper bitcoin and rehypothecation especially if such practices become normalised across all of the soon-to-be-approved Bitcoin ETFs.
Interesting times ahead!
Published at
2023-07-09 09:22:00Event JSON
{
"id": "c43f7210131bb7cd6bef82fb9deea6f0f35b4ae6e7449c01d3471087b1a0e687",
"pubkey": "aa7c5b9974b92e6994ee0cabfb0bece2b9fdd659bae5d623c95cf60658af2db4",
"created_at": 1688894520,
"kind": 1,
"tags": [],
"content": "Let’s address some chatter about Blackrock attempting to hard fork the BTC protocol into some “ESG Compliant” version. Bring it on I say - I’ll take the coins from the hard fork and immediately sell for real BTC. We will watch the purchasing power of these hard forked coins collapse like with bcash, and Blackrock will be throughly humiliated in the process, and learn an incredibly valuable lesson about the power of users running their own nodes…\n\nFor the record I don’t believe Blackrock would attempt such a hard fork, especially if they are competing against a number of other large BTC ETF providers as it would be suicide to do so. Personally I’m more worried about paper bitcoin and rehypothecation especially if such practices become normalised across all of the soon-to-be-approved Bitcoin ETFs.\n\nInteresting times ahead!",
"sig": "f3a26a5eee618e9df85b87635218b8b9332dc90b842e2e548f4946e5efdc3fd42bf75920feecdd77819e81f8dbcae763a3850041f3fc1874cb842626a969b2e1"
}