ODELL's avatar
ODELL odell@primal.net 2 years ago
- anyone can fork - blackrock may try to fork bitcoin - a centralized fork will be valued less than sovereign bitcoin by market participants who trade fork coin for bitcoin - those stuck in custodians will learn an expensive lesson on custodial risk - freedom tech working as designed - stay humble and stack sats, hold your own keys, use your own node
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Replies (12)

twentyone's avatar
twentyone 2 years ago
Thank you for posting this. I was getting annoyed at all the fear mongering…..
ODELL's avatar
ODELL odell@primal.net 2 years ago
there is no need to fear a blackrock etf if you are holding bitcoin yourself - a key value prop of bitcoin is that owning more bitcoin does not give you greater control of the network - blackrock may play paper bitcoin games, if they do they will get rekt - blackrock may try to fork the bitcoin protocol, if they do they will get rekt blackrock is the largest fund manager in the world - a bitcoin trust with their name on it is unequivocally bullish - this is not priced in yet View quoted note β†’
12 replies ↓
The Ben Gunn's avatar
The Ben Gunn bengunn@nostrplebs.com 2 years ago
any forks occurring after the ETF is formed & holding BTC, would also own coins in each fork. The only power Blackrock would have is the ability to liquidate these holdings. Selling the wrong fork for ideological reasons would simply make them this cycle's Roger Ver.
Bison's avatar
Bison 2 years ago
Unlike gold, we have the chance to rug paper holders instead of being rugged by asset holders
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