You have valid points.
I would think that one should hold #bitcoin in ETF. If you wanna win the game, stack IOU sats (ETF) in a tax sheltered brokerage account and get gains without tax implications....
bitcoin never really was cypherpunk money.
it's right there since the beginning, words to the tune of "if it's not private and anonymous, don't trust it, this is not the digital cash we (cypherpunks) envision".
don't get me wrong, it was a great invention and it changed the game. but it didn't go far enough - which is why the legacy system eventually warmed up to it; the lack of privacy makes it controllable.
but even without the privacy, at least we have something which can't be inflated away. it's a win in my book, but at considerable cost: financial surveillance became even more normalized because of the bitcoins and solanas and ethereums and dogecoins of this world.
now, more and more people realize the situation is not tenable, and that we need privacy onchain (.. yeah, no shit).
it's right there since the beginning, words to the tune of "if it's not private and anonymous, don't trust it, this is not the digital cash we (cypherpunks) envision".
don't get me wrong, it was a great invention and it changed the game. but it didn't go far enough - which is why the legacy system eventually warmed up to it; the lack of privacy makes it controllable.
but even without the privacy, at least we have something which can't be inflated away. it's a win in my book, but at considerable cost: financial surveillance became even more normalized because of the bitcoins and solanas and ethereums and dogecoins of this world.
now, more and more people realize the situation is not tenable, and that we need privacy onchain (.. yeah, no shit).
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