Same fate as bitcoin cash or bitcoin sv
Discussion
we need to understand that, as I wrote in other comments, this is a completely different scenario. While we can hope that the outcome will be the same, we cannot be sure. BlackRock sleeps in the same bed with the SEC, do you think they'll approve the ETF if it is good for Bitcoin? Or is it more realistic to think that they'll use it as an attack vector in some way?
They don’t need to fork it for it to be an attack it is already in its form as an ETF a form of attack, it is regulatory capture, same as how they control the price of gold, same idea. If they do fork it, it will fail like every other fork, players are different but outcome will be the same. Ppl will dump ESG fork for real bitcoin.
problem is: do people know what is "real Bitcoin"? No, they have no clue. People is completely brainwashed and believe everything they see on the news. Be sure that when the moment will come, the news will talk all the day about what the good bitcoin is.
The ppl that own bitcoin know and only the ppl that own ppl will get the fork coins that they will dump
people that own bitcoin is a very small niche
Yea but only ppl that own bitcoin will get the fork coins so they are the only ones who matter. Why do you care what Grandma will think about ESG bitcoin if she doesn’t own any. Irrelevant.
ETF are not for grandma, they're primarly for institutions. They'll move an amount of money without precedents in bitcoin. They'll be able to create the incentive to hijack miners to mine a shitcoin fork
The best version of bitcoin will win my money is on Satoshis version not any fork by any institution. They might have some short term success but in the end the best money will win, I don’t believe they are capable of improving bitcoin is it will fail.