The ETFs and banks are good for bitcoin. A means of distribution; a 3rd scaling layer.
However, we must never forget WHY bitcoin has any value to begin with. How was Bitcoin able to go from zero to a 2 trillion dollar asset class? What features ultimately forced the banks and traditional finance into submission? From a talk forum to Main Street.
The psychopaths writing code, running nodes, contributing to rough consensus, promoting self custody, educating, home mining, creating circular economies…
These are the protectors of Bitcoin. If we ever lose them, the ETFs won’t matter because Bitcoin will wither away.
However, we must never forget WHY bitcoin has any value to begin with. How was Bitcoin able to go from zero to a 2 trillion dollar asset class? What features ultimately forced the banks and traditional finance into submission? From a talk forum to Main Street.
The psychopaths writing code, running nodes, contributing to rough consensus, promoting self custody, educating, home mining, creating circular economies…
These are the protectors of Bitcoin. If we ever lose them, the ETFs won’t matter because Bitcoin will wither away.