Yes I know Bitcoin DGAF
And yes everyone likes stacking sats here
BUT
The ETFs are not great for Bitcoin
Bitcoin is tick tock but there is a coordinated attack happening to stop any meaningful use of that clock for what it was meant for…
Freedom.
We are clapping for the very thing that is destroying the ability to ever have Bitcoin as Freedom Money.
Saylor wins either way
Plebs don’t
🤷♂️
At the moment I am seeing it as a Trojan horse. It appears that bitcoin can be captured or even has been captured, but the underlying incentives haven't changed. Once adoption picks up and the existing financial system integrates with bitcoin they won't be able to walk away from it. The transparency, volatility, and immutability will convert them or sink their battleship.
There's a hash war ahead, but I'm trusting the process 🙂
1. Once adoption picks up…
How will that happen if self custody is banned, a ring fenced internet is set up ?
2. Trust the process..
I stack sats with a future in mind that may offer a chance of a circular economy.
I trust that great devs will build tools to circumvent these times. But that in itself is relying on others for my welfare. 🤷♂️
I don't think self custody can be banned. That all depends on how far you're willing to go to maintain your sovereignty. As it has been said many times, "I don't want to vote with my feet, but I will if I have to." 💜
I don’t see any other way besides educating people.
Educating them to do what? If we placidly stack sats and do nothing apart from clap the ETFs what good is that?
I guess we are the only chance for real adoption. Those who stack, hold and redistribute in a circular economy later on when people will need to earn sats
