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The threat of ETFs bribing their way into developer influence is very real. But, I have hope.
  • The current crop of devs are fairly principled and have already proven that they passed the time preference / marshmallow test. To be frank I think the last 10+ years of BTC has changed lots of peoples attitudes towards consumption. We have literally been training ourselves to 'consume less / save more'. Once you break the spell that a lambo is suddenly something you need to have, it sort of loses its power of you forever. The next gen of developers, however will be less principled and probably have less self-control....
  • Lets hope the ETH ETF gets approved. This is tailor made for Wall Street / Fed Reserve control. This can be their shitcoin / CBDC casino platform. There will be less 'need' to subvert BTC is they can inflate DOGE the thus control X (Elon's wechat)
  • Fedimints and Cashu are available for them. These developments are 100% made for Wall Street. I mean its Fractional Reserve with cute graphics and positive bitcoin vibes. This will keep them busy as well.....they can setup the "biggest and most trusted" mints and they can milk their cattle for the next 50 years via slow debasement. Although this may sound negative, its not meant to be. It keeps them out of core code. Gives them a shitcoin playground to play in.
I really like your take on eth ETFs. I hope you're right about everything.
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