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0 sats \ 5 replies \ @af1f6f3e17 7h \ parent \ on: 💡Will Banks Soon Custody Bitcoin? bitcoin
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.
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Good old Andreas...so sad he's not on nostr
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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
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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...
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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.
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