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Replying to Avatar Lyn Alden

To be honest, I think the bitcoin ETF is the most boring thing about bitcoin right now. Whenever I get asked about it I'm like, "meh".

Yes, the ETF should be good for price and liquidity, since it gives large pools of walled-garden capital more access to bitcoin exposure.

But in my view, the most important thing about bitcoin right now is all of the little hubs popping up around the world. Bitcoin Beach, Bitcoin Lake, Bitcoin Jungle, Bitcoin Ekasi, Africa Bitcoin Conference, Indonesia Bitcoin Conference, etc. As well wallets and other technologies that help them localize their custody of bitcoin rather than keep it all stashed in the giant Binance honeypot or wherever, and any solutions that help link to them all together for payments or that help them trade peer to peer or onboard from fiat to bitcoin in distributed ways.

The rise and connectivity of those hubs is impressive and is worth supporting.

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Kontext 2y ago 💬 1

I kinda want the BTC price to dump on the ETF approval just so everyone would shut the hell up about the "floodgates opening" and the "billions of dollars" of "big boy dollars" piling into Bitcoin and actually focus on creating something useful.

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DukeNukem 2y ago

Yes my thoughts exactly 😎🤙

ETF is grossly overrated

Only #FEW know this.

#[0]

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