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bitcoin vote: Is ETF good for Bitcoin?koinvote.com/event/01KTRBV4THPXX3AM8RV6B0Z6SX
8197 sats \ 5 comments \ @KoinVote 10 Jun events bitcoin

A new bitcoin vote is live.
👉https://koinvote.com/event/01KTRBV4THPXX3AM8RV6B0Z6SX

Is ETF good for Bitcoin?Is ETF good for Bitcoin?

Bitcoin ETFs brought easier access, deeper liquidity, and institutional demand. But they also concentrate custody, shift influence toward Wall Street, and may weaken the original self-custody ethos.

Is ETF ultimately good for Bitcoin?

Options:

• Yes
• No

Total reward: 100,000 sats

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103 sats \ 1 reply \ @nullcount 10 Jun

When is it "too late" to adjust the BTC on the address that signs the message? Like what if I sign using an address with 1M sats, then before the poll ends, it increases to 2M sats?

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2 sats \ 0 replies \ @nullcount 10 Jun

Ahh.. I found the terms:

The snapshot is taken at the first block generated after the event deadline, with 1 confirmation required. Only confirmed UTXOs are counted; unconfirmed transactions are excluded.
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2 sats \ 0 replies \ @LAXITIVA 11 Jun

Nothings no good and it’s ok

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2 sats \ 0 replies \ @Entrep 11 Jun

I don't have enough Bitcoin so when people(whales) vote with large amount of Bitcoins and I do with my little bit, even when I win, my sats are too low to send.

Isn't this like a design flaw.

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2 sats \ 0 replies \ @nullcount 10 Jun

Correct me if I'm wrong:

  1. The incentives of this site reward participation in polls more than they reward "voting truthfully".
  2. If there are fewer votes than reward shares, then the incentive is to sybil attack using low-sat addresses to basically guarantee a reward for each address/vote you submit.
  3. If there are more votes than reward shares, then the incentive is to back your addresses with more sats to increase your odds of getting rewards. Rich-get-richer.

Therefore the value of these polls to non-voters (casual observers) is insignificant since there is no skin-in-the-game behind those votes. This is more like a complicated raffle than a truth-telling-machine.

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