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Pedro Gomes
@pedrouid.eth
Anyone who is excited about the Bitcoin ETF should re-think why they even care about crypto at all SEC is not your friend and neither are any of the banks involved in the ETF They don’t want you to own Bitcoin but they want to make sure that they can 🙃 https://x.com/watcherguru/status/1745197583780168066?s=46
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Demonic Cil
@demoniccil
Many of us are excited because it brings one step closer for mainstream and retails. ETF, we don’t really own that yeah but with this, demand for BTC will go up.
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Pedro Gomes
@pedrouid.eth
This doesn't influence mainstream adoption directly Users won't own Bitcoin or create a wallet or use it for payments It's only adding exposure to some pension programs at best Unless we view it as marketing tactic to drive more "brand" awareness to Bitcoin
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Demonic Cil
@demoniccil
Never said it’ll be direct mainstream adoption. It’s a step closer. And for users to own BTC and create wallet or use for payments, UX have to be infinitely better than now. Also, using for payment needs a lot more than just tech. For now, a win is a win.
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Pedro Gomes
@pedrouid.eth
Personally I don't see the benefit at all other than brand awareness Disney launching NFTs on Polygon is a big win for mainstream adoption The goal should be for users to be comfortable with blockchain tech regardless of the asset or chain Self-sovereignty is what needs to be adopted... not Bitcoin asset
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Demonic Cil
@demoniccil
I don’t disagree entirely with you. Honestly, purely self-sovereignty isn’t going to happen overnight. And while it is always a great concept and something we should work towards, it also doesn’t jive well with current monetary systems in the society. We can’t replace them all right now, do we?
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