Bitcoiners:
1) Do we agree that new pleb adoption through cold storage alone is cumbersome given human nature? I for one have struggled to get anyone to adopt on this basis.
2) If so, despite it being paper BTC, do we agree that ETFs (particularly owned through registered tax deferred accounts) are a useful Trojan horse in that regard to being Bitcoin to the masses?
Why or why not? I feel the purists are coming at it from the right sentiment but not being logical about human nature and acknowledging that hardcore bitcoiners are a “tail” in the population distribution and nowhere close to the “middle” in terms of open mindedness and willingness to think in first principles.
Welcome everyone’s thoughts.
#bitcoin #bitcoinETF #IBIT #blackrock