I thought the whole point of Bitcoin was to BYPASSS the banking institutions.
Why are people championing a Bitcoin EFT?!🤦♂️
Please tell me there was a conspiracy where they systematically got rid of everyone who believed in the true vision of crypto?
@basedbagel Because people still don't get it. The point is to be able to transact with anyone in the world without having to trust any intermediary, without anyone being able to get in the way of the transaction. And it does that very well.
There kind of was a conspiracy like that. When Satoshi let go, he handed the project to a bunch of morons who didn't hide their identities. This means they can individually be targeted by governments. That's why bitcoin is not monero.
Agreed.
BTC in practise has compromised on some of it's original design principles - fungibility vs tainted coins, miners censoring transactions, single-digit numbers of self-custody vs custodial wallets - but it's still better than anything except monero at direct transactions.
Whether this BTC bull market lasts 6 months or 2 years is anyones guess but as one of the main branches off the BTC tree, XMR stands to also gain, even as a delisted coin.
It just makes me so sad because I wanted to prove the boomers wrong when it came to crypto and it just..
let's just say the boomers are up right now.
GOD I HATE admitting boomers were right but it's not looking good rn 😫
@Mongoliaboo @basedbagel
I'm probably way off on the custodial vs non-custodial numbers since this is a difficult number to obtain or verify.
More btc hodlers have lrearned the hard way, but as people flood into btc via spot-ETF's, the average IQ of the investor goes down and custodial wallets increase.
Oh well.