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0 sats \ 4 replies \ @DarthCoin 8 Nov \ on: How UK stackers can hold Bitcoin tax-free bitcoin
No is not. Is a total stupidity.
Thanks Darth. I get you.
For most people in the UK, saving in an ISA is almost second nature - "my ISA" basically means "my life savings." A lot of people think it’s the only legitimate way to save or invest at all.
I’d argue that letting these people get any exposure to Bitcoin - even indirectly - inside that familiar wrapper could be a net positive. It opens a door for a huge new audience and some of them will inevitably go deeper: learn about self-custody, take control of their keys, and (bonus) avoid detours through a shitcoin casino.
I’m as pro-self-custody as anyone here, but I think pragmatism has a place too. If this route orange-pills even a few new people (and those people inevitably end up on your website!) that feels like progress to me.
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I’m as pro-self-custody as anyone here,
I don't think so. Just by posting this garbage article and pushing clueless nocoiners into a fake IOU show that you know absolutely nothing about Bitcoin.
This is not about "holding bitcoin", this is about fucking the whole system and using bitcoin as money.
If you "hold bitcoin" what the fuck you are going to use? Bullshit tokens? CBDC ?
Which part of Bitcoin you didn't understand? Is all about FIAT DELENDA EST. If we do not get rid of fiat, we will never be free from this slavery.
It's always the old scam... and people fall for it:
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I respect your conviction, Darth, honestly. And you're right, my wording was poor - obviously this isn't 'holding' Bitcoin. But "how to get exposure to Bitcoin through a proxy which us maximalists know is a poor substitute for the real thing but which I believe will convert some nocoiners in the long run" doesn't roll off the tongue.
Ultimately, I don’t disagree with the end goal: freedom through Bitcoin. Where we differ is on tactics. I see these new ETNs as a bridge for the average person who isn’t ready to go full self-custody yet. Most won’t jump straight from fiat to cold storage - they need a path. If a few of them cross that bridge and end up learning what “holding Bitcoin” really means, I’ll count that as a win.
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how to get exposure to Bitcoin through a proxy
That is a fucking lie, an IOU. Please stop this nonsense.
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