Replying to Avatar Sourcenode

Yeah you asked a big question. If I tried to explain why decentralization is important and how bitcoin maintains it I would end up writing a book.

What I can say in relation to the ETF is that buying and selling bitcoin alone cannot do anything to centralize bitcoin. Only manipulation of the miners or the code can cause that.
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wencke 2y ago

yeah true. I’m just trying to understand the importance of decentralization in this case. In my head, if SEC greenlights the Bitcoin-EFT, a lot

of the decentraliztion will dissappear a core

part of why Bitcoin have a monetary value.

But I’m not very good at this, just trying to think about the consequences and impacts something so big will have on it

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Sourcenode 2y ago

I understand the concern. The ETF will have no impact on the decentralization of the protocol. It may cause a bunch of people to invest in an ETF which is centralized, but that's their mistake. Won't make a difference to bitcoin or the people who self custody

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wencke 2y ago

I understand! Thank you 🫂 I appreciate the fact that you made a little easier to understand. Hopefully for other as well