Post
Topic
Board Development & Technical Discussion
Merits 4 from 1 user
Re: Hypothetical ETF disaster hardfork
by
pooya87
on 30/01/2024, 08:46:56 UTC
⭐ Merited by LoyceV (4)
To me it seems evident at this point that all the ETFs are is an attempt to control the network. They want to centralize the supply in the hands of a few actors (ETFs) which are ultimately all the same hand at play (the US government in this case) which then will proceed to attempt to fork the network for whatever agenda that is trying to be meet with that. It is literally on the documents:
I don't agree with the conclusion you are trying to make. This document is not saying "they'll force a fork", it is just clarifying what they're going to do in case of one. For example in case 2017 is repeated where dozens of bitcoin forks are created, they basically tell their investors that THEY are the one deciding which one the ETF represents. That means they could decide that Bitcoin Diamond is the real bitcoin and reduce the price down to a fraction of a dollar and also sell the rest of the coins (bitcoin and the shitforks) and pocket the money with their investors having no right to any of that money Grin