Right. To put things in their proper perspective THEY want YOU to either trade your #USD or your #Bitcoin for a claim on a trust that holds a pro rata amount of #BTC held in custody by ONE (1) entity so THEY can (i) earn fees on the #ETF, (ii) earn through re re re hypothecation and, (iii) make additional markets in a theoretically unlimited number of claims on claims on claims to shares of those trusts and on #Bitcoin itself.
I’m still not off the ledge
I'll trade my USD for a claim on a trust that holds BTC for my retirement account, but I won't trade anything for BTC unless it immediately advances my present situation, e.g., buying a house, going on a vacation. If I wanted to find an asset that saves my time and effort better than anything else, I would use BTC. I will use the regulated ones for allocating in my 401k (cause tbh I see that money as fake anyways, it just reduces my taxable income) and when I want to save, I'll buy BTC from an ATM or p2p, or hopefully just get paid in BTC to begin with
This STILL doesn’t talk me off the ledge. It’s the quantum entanglement level of stupidity wanting institutional adoption by, and attempting to make a deal with that same devil we protested that I will never get my head around. #WTF @*#%!
To live in a society you have to make compromises, I think the BTC network will survive this compromise and society will benefit because governments won't be able to arbitrarily print money to fund the military industrial complex
At this point, the only way out of my current state is the Serenity Prayer. But that only works for 90 seconds at a time. #EconomicDictatorship
Read/listen to the book Meditations by Marcus Aurelius, you will find peace in truly understanding yourself and the forces that affect your being
