Sorry, I may not be following you correctly. If the etf providers fork Bitcoin and try to sell a non POW bitcoin, who is going to buy it?
If I’m understanding you correctly, you believe in the future that they would hold enough sway to convince all the new buyers that their “btc” is the “real” Bitcoin?
Think about it like this. The Powers that be want ESG Bitcoin. Someone creates a POS fork and market it as a "cleaner bitcoin".
It begins trading and they dump all of the POW Bitcoins they hold as they don't believe it's real Bitcoin anymore.
We take a price hit, and the uninformed public thinks the ETF coins are the real ones, because their broker, JPM, Blackrock, & the Gov't say so.
Real Bitcoin plummets, and the ETF's proceed to purchase new forked Bitcoin from their Partner coinbase.
The question is, are new buyers going to be buying BTC or the BTC etf( which in turn Buys BTC ESG)?
The lowest barrier to entry is the ETF, so where do you think new buyers are more likely to buy?
The solution is to get folks to #justbuybitcoin.
Okay, yeah I am understanding you correctly.
There are still all the other people who would be holding the right btc and wouldn’t go along with that fork, or the reasoning of the rest of the folks you mention, as they wouldn’t have any incentive to do so.
I agree with you. Everyone should just avoid the ETFs, the shenanigans, and just buy and hold their own btc.
🤙
