Replying to Avatar Hawk

Yep, it seems obvious, yet there's a strong culture of denial among Bitcoiners. I suspect that the SEC approvals of the ETFs might have actually been a "conspiracy" between regulators and fiat kings to attempt to rehypothecate Bitcoin out of existence.

Tell me why I'm being an idiot?
Avatar
nix 4mo ago

I don't understand how ETFs will take btc out of existence. Could you explain?

Reply to this note

Please Login to reply.

Discussion

Avatar
Hawk 4mo ago

Just a stupid theory, but if they keep rehypothecating into paper BTC, then how would it be any different from fiat. Any company that can't or won't prove reserves should not be trusted.