what incentives do the ETF suits have to defend Bitcoin privacy?
they are apart of Bitcoin now too. what can the maximalists do to unlock their lobbying power?
there has to be something #asknostr
Discussion
Privacy would allow them to sell paper bitcoin without actually buying the underlying asset, and take everyone's money.
that would be true if they were transacting on anything but L1. their daily flows are strictly L1 and it's cash create...so at this point in time that's not a concern.
Privacy implies you are allowing them to use coinjoins. Maybe you can be more specific?
I guess I'm trying to figure out what I'm needing to specify. The idea is that ETF institutions represent a big voice. I'm trying to figure out what the leverage point is for them to want to advocate for privacy rights on Bitcoin.
They have to have an incentive. Maybe it would help them to shield their Bitcoin purchases in the future as the asset gets more scarce?
They are competing with one another after all.
Even if you put your stack in an ETF today, tomorrow you might want to self custody, but that option won't be available to you unless you voice your concern. Because today the battle is over privacy, but tomorrow will be over self custody.
As far as the Big Boys, they probably like it being transparent so they can brag at opportune times.
Most of the retail buyers probably need more education first, on self custody.
there's something to the privacy conversation that adds value to holding Bitcoin. it's like an aspect of the money that is a built in property. if we can identify what that value is, I think it can be quantified.