I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it's worth. The recent sell-off by dumb money has or soon will deprecate many opinionated know-nothings in this space. We don't need new ones to take their place.https://twitter.com/cenaclecapital/status/1028632915951972352 …
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Replying to @NickSzabo4
Never understood the hype of Bitcoin ETFs. You have the world's first global digital self-custodial asset... and people want to buy pieces of a fund that holds it in their custody, on bordered platforms controlled by third parties? Waste of time!
2 replies 14 retweets 59 likes -
Replying to @ImranLorgat @NickSzabo4
Because most people do Not want to self custody. The only people in crypto now are power users, developers and traders. If you wan this to be a global thing, then they will want something that is easy and regulated. That’s facts.
4 replies 0 retweets 10 likes -
Replying to @leongaban @ImranLorgat
They are used to assets are already trust-based like bonds and stocks. OTOH most of the world's gold is under the custody of its owners. Bitcoin can be even more securely stored than gold. You are losing Bitcoin's main benefit by trusting somebody else to store it for you.
2 replies 2 retweets 29 likes -
Replying to @NickSzabo4 @ImranLorgat
I 100% understand that, which is why I self custody. However, there are way more people than us that do not want to worry about storing their money/wealth themselves. Also institutions/hedge funds over a certain amount are not allowed to stores their clients assets.
3 replies 1 retweet 11 likes -
And by compromise I didn’t mean anything to do with technology or the protocol. More that we should be working with these institutions to make crypto adoption easier. And also, perhaps more importantly, we as Bitcoineers need to stop attacking The Ethereum community.
2 replies 0 retweets 2 likes
The first thing to know about this space is that it's not a community. It's a space of hundreds of thousands of people and growing, who are 99% strangers to each other. So expecting we will all just cooperate like Amish villagers politiely raising each others' barns is silly.
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