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Institutional custody of Bitcoin is growing rapidly already. Within five years, at current rates, they will hold most of the available sats. Bitcoin as a censorship resistant P2P payments protocol is being captured and controlled and neutered into a speculative commodity plaything. Hard to see how you could stop them.
Who's holding their keys? Plus you can't make a global currency that is censorship resistant and censor big players because they're big players.
Coinbase hold them mostly.
The Big Players enjoy their power due to their ability to censor and control payments.
Capturing the majority of Bitcoin market defends their position of market dominance.
Hard to see how you could stop them since you don't even understand or acknowledge the nature of the problem...although you at least admit they cannot be prevented from doing what they are doing already.
Good old Andreas...so sad he's not on nostr
You can't stop them from buying, I know it's a problem but there's no solution for that or if I am wrong explain it how teacher. Making ETFs ilegal? lol
So we agree ~ they cant be stopped...and they are trying.
The only hope and potential solution might start in first acknowledging the problem...instead of pretending there is none...for example educating that ETFs undermine the purpose and principles of the protocol and thereby undermine Bitcoins longer term potential and value...
The onyl damaged that can be made is against people that use ETFs and eventually a fork that will make the price dance very hard.
Let them try