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58 sats \ 5 replies \ @Undisciplined 22h \ on: ETF Expert: Why This SEC Approval Would Be A 'Game Changer' For Bitcoin Politics_And_Law
This is something I've been expecting. Eventually, Bitcoin ETFs (and any other assets) can be traded for actual bitcoin.
Then, sometime down the road, bitcoin will be adopted as money. On a bitcoin standard, there will be no capital gains tax from holding and later withdrawing bitcoin (just like there's no capital gains tax on dollars now).
My only hope is that it manages to slip the control mechanisms that the government has in mind to make CBDCs. I only see instant slavery then. The minute the government gets its slimy hands on control of BTC it goes to isht.
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I think bitcoin is robust enough to prevail any attempts at coopting it.
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I hope so. However, a whole lot of things we thought were not co-optable in the past, somehow got co-opted. this includes people, too.
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If there were people who couldn't be co-opted we wouldn't need something like bitcoin.
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Ok, I agree with that. Trustless money is the best. Trusting in debt is the silliest of all.
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