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The killer use case has existed from day 1: remove the middleman. That is banks, or goverments. That's it. There's literally nothing else to it. Speculating on
by 738292748 3y ago
The killer use case has existed from day 1: remove the middleman. That is banks, or goverments. That's it. There's literally nothing else to it.
Speculating on its value, while possible, has nothing to do with its purpose.
- AlexandrB 3y agoAnd yet here we are, discussing a Bitcoin ETF, which involves plenty of corporate middlemen and has no benefit to the Bitcoin community besides increasing Bitcoin's speculative value.
- jojobas 3y agoYou reckon it's a charity to boost bitcoin holders' wealth? The purpose of this ETF is to extract profit, the rest is unintended.
- toenail 3y agoHaha, ok, all successful investments are charities.
- wlesieutre 3y agoAnd I’m sure plenty of other people were buying and holding in exchanges like Coinbase already, instead of buying bitcoins in direct person-to-person cash transactions like the decentralization advocates imagine they will
- npoc 3y agoIts purpose is to provide an escape hatch from fiat currency that steals people's wealth, available to everyone in the world, ultimately shutting down the global scam that is central banking. It is the hardest money that mankind has ever seen, digital, with an issuance schedule that is set in stone - no select few people have the ability to effortlessly print it, stealing the wealth of the rest and corrupting the world at its core, causing third world poverty, endless wars, corrupt media etc.
- the_gastropod 3y agoI think its purpose was to provide fresh blood to the John Birch Society. It seems to be working remarkably well, in that respect.
- npoc 3y agoYes, a common side effect of going down the deep bitcoin rabbit hole and discovering how the world really works.
- the_gastropod 3y agoI'm sure you're aware of this... but every conspiracy theorist and cult member thinks this way. A moment of self-reflection may be in order.
- npoc 3y agoIt's very healthy to listen to both sides of an argument and theorise about conspiracies. It's the close-minded people programmed to laugh at them who need to self-reflect.