do you believe they're so naive? It's their own existence that they risk if bitcoin win.
apparently everybody on nostr believes that BlackRock and the SEC are bitcoin friends 🤷🏻♂️
ETF are not for grandma, they're primarly for institutions. They'll move an amount of money without precedents in bitcoin. They'll be able to create the incentive to hijack miners to mine a shitcoin fork
people that own bitcoin is a very small niche
problem is: do people know what is "real Bitcoin"? No, they have no clue. People is completely brainwashed and believe everything they see on the news. Be sure that when the moment will come, the news will talk all the day about what the good bitcoin is.
wait, you can do that with Android? 😮
we need to understand that, as I wrote in other comments, this is a completely different scenario. While we can hope that the outcome will be the same, we cannot be sure. BlackRock sleeps in the same bed with the SEC, do you think they'll approve the ETF if it is good for Bitcoin? Or is it more realistic to think that they'll use it as an attack vector in some way?
that has nothing to do with a 51% attack
not only I agree to disagree with you, I also hope you're right! 😅
I'm saying that miners will switch to the more profitable to mine. I'm saying that a coordinated attack can make the BlackRock shitcoin more profitable? Also yes.
maybe it haven't been bought yet just because there weren't enough money?
also, what we call "the community" is a very small niche of persons. We are maybe 1% of the population, if not less
to me and you the difference between PayPal and Bitcoin is clear, but we are a very very small niche.
For the mass if you call PayPal Bitcoin, they'll think that it is Bitcoin.
Blackrock ETF will bring Bitcoin to the masses, it won't be just me and you.
They'll move a lot (a fuckin lot) of money and mass media "information"
it is different. Back then we were all bitcoiner. We knew what we were doing and we made the only reasonable choice. Now the choice is extended to a moltitude of individuals most of which have no idea of what Bitcoin is, how it works and why it was created.
Imagine being a normie (that is, the vast majority of the humans). By one side you have a Bitcoin that institutions recognize and accept. On the other side you have the bad bitcoin that is used by pedophile, boils the oceans and kill unicorns. Which one will you use? And if the shitcoins can be censored it is to fight terrorism and make sure everybody pays the taxes to build the roads, of course.
miners follows the most rewarding chain to mine
this is for granted! but the question is: if all the capital is there, all the institutions are there, regulators are there, what do you think the normie think is bitcoin? WE know the difference, the rest of the world would probably be not able to understand it
no to which part? 😅 Is my understanding wrong (it might easily be) or you do not agree on my hypothesis?
will be supported by money, if the ETF is successful. don't forget that Blackrock is a 10.000 billions of dollars beast