I’ll tell you why I’m not worried.
They will still have a very small percentage of the total supply (like 10%), especially relative to things like gold.
Also, while a gold ETF genuinely solves challenging custodial problems, ETFs are trash analog L2 for Bitcoin.
All they are doing is legitimizing the asset class now. It’s a Trojan horse. In the long run, the normies will realize Wall Street is, was, and always has been, fucking them.
And meanwhile tick tock next block
True
Bitcoin is more transparent than gold. Paper bitcoin is more difficult to create. They might get away with it for a little while, but some nerd at glassnode will figure that shit out.
Online poker had no regulation, the Wild West of the Internet.
Someone noticed a player at Absolute Poker won more hands than statistically possible. It turns out, a former WSOP main Event Champion, Russ Hamilton could see everyone's hole cards.
I think we can catch cheaters like the poker nerds.
I agree, I think Bitcoin will wreck everyone who tries to fractional reserve
