Before I sign off for the night, I'd just like to take the time and say the following.
The #ETF approval signals the beginning of a new battle, the greatest #Bitcoin has faced so far. I am of the mind that Bitcoin fights its own battles, and if fails, then it was never the answer to begin with - It's an experiment after all. That being said, we must do our part. All of us.
With the ETF approval, institutional capital begins flowing through Bitcoin, and with it, agendas. It is in OUR interest that the SEC deemed the ETFs to be an IOU, and not actually immediately withdrawable as sats.
These institutions WILL do whatever they can to:
- Profit massively, even if it means by some sly round-about way to make it work against its own ethos for them.
- Make governments see how they and the fiat system may benefit.
- Make YOU part with your #sats.
Do NOT give into this. We're only beginning #2024 and, personally, I can see the smoke, hear the drums, smell the ash.
I think a lot of hard choices will need to be made, such as choosing to either be a millionaire, or fight for what's right.
Over the years I've seen a lot of people dream up the idea that Bitcoin and fiat can co-exist, with something like Strike's vision of Bitcoin as a payment rail - And over those years I've gone from merely observing, to understanding how that can be, to outright rejecting such an idea.
Why?
Because what we class as the Bitcoin ethos, isn't just some code we try to merge with common moral beliefs - They are guidelines to NOT follow into the mistake the capitalist system fell into centuries ago. It's not just a high-tide warning, it's the red flag that makes a faceless system function over the course of centuries with ZERO accountability when you need to point and blame.
I believe in user-friendly on-boarding, but co-existence isn't in the cards.
Remember - Satoshi stepped away, not so you could be rich, but because there was something bigger at play. Disrespect that, and you disrespect the vision of a more honest world backed by a more honest economy.
