Of course I would prefer everyone to do self custody, run their own full node, and have more than their proportional share of the hashrate. The thing with freedom money is that people do with it whatever they want, not what you wish them to do.

But our discussion started with ETFs going against Bitcoin becoming a MoE. And even if ETFs also have negative consequences, they're still inevitable. And they signal growth and adoption of the network.

It's naive to expect that some valuable freedom internet money is not going to be speculated with in the most comfortable way to do so in traditional financial markets. And if that prevents the coin from being usable as a P2P MoE, then any freedom money that could have ever been inveted is doomed.

Bitcoin is fine. It's just continuing to grow as a store of value an medium of exchange.