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394 sats \ 4 replies \ @blocktock 11 Jan 2024 \ on: ETFs are just a custodial layer 2 bitcoin
ETFs are just... Easier means of confiscation. Nothing more.
They will encourage everyone to use them as a superior investment. They will inflate Bitcoin's price to drive people to these crappy-crash products. They will scare everyone into thinking self-custody is for criminals. However when this debt ponzi rolls over, and it will... they will rug-pull everyone so hard. Every ETF, every stock, every house with mortgage debt will be owned by the State. If you ever get "paid out", it will be in ever more shitty CBDC currency, with conditions attached to it.
It's all written in these SN posts of The Great Taking:
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10 sats \ 2 replies \ @guts 12 Jan 2024
So not even Bitcoin would save us from this.
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26 sats \ 0 replies \ @okpj 12 Jan 2024 freebie
Why not? Bitcoin isn’t debt based and isn’t a product of their system.
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50 sats \ 0 replies \ @030a29f333 12 Jan 2024
bitcoin held non-custodially saves you from this
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0 sats \ 0 replies \ @kepford OP 11 Jan 2024
No question in my mind that is possible.
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