the primary use case of bitcoin currently is speculation
you don't own bitcoins if you own such an ETF
True, but if people
prefer to own ETFs rather than
own Bitcoins then that is a fault of Bitcoin, not of the users. The technology isn't meeting the needs of the target market.
We need to do something about that and pronto. I know most of you all don't share my doomsday outlook and by the time you realize my (Armstrong's) timing is correct, it will be too late for us to avoid a collapse into
the abyss of capital controls. The
idealism is nice, except the poster misses the point that file sharing had a virally popular use case.