I have a hard time with tradfi is doing x to y. Yeah, they are but if you didn't have a state how would you handle that? We have a democratic state and it has resulted in the what we see.

Scammers gonna scam. Buyer beware. Crypto scams are everywhere. These arguments against ETFs are kinda rich coming from bitcoiners. Bitcoin opened the door for so many scams. We can't then complain about ETFs being scams. Some might be. But I doubt it. It's tradfi doing what it does. It's nothing compared to ETH and the scams it has birthed. ETH would not exist without bitcoin.

What are we gonna do. Take over the state and ban ETFs? Really? If bitcoiners believe it's money then it seems to be it will infect every corner of all financial markets given enough time. It will be used by evil people. It will be a part of scams. People will lose it. They will get tricked. It's a tool. It's amoral.

I can think taxation is theft but if taxes are required in bitcoin this isn't bitcoin failing. It's bitcoin being money. I hope it will minimize the scummy stuff we humans do but it isn't magic. People make choices and choices have consequences.