Quote from: Abiky on Today at 02:51:30 AM

Quote from: oktana on March 07, 2024, 10:09:02 PM

The truth remains that no matter how many centralized exchanges, users always have the choice to use decentralized wallets and exchanges. No matter what happens, Bitcoin’s features are permanent and can’t be modified. The bad part of the Bitcoin ETF approval is that it will draw attention so people will rather use Bitcoin as an investment other than a currency. And if a bigger percent of holders think that way then we may never fully grow as a currency.

Weren't people using BTC as an investment than currency long before ETFs came around? I understand the current situation will lead us towards mass accumulation of BTC's supply among a few. But people ultimately decide the fate of the cryptocurrency. If the majority sells to big institutions and governments, Bitcoin will move away from its original purpose. Fingers crossed this won't happen in the long run.

Yes it was but isn’t this more like fueling a burning fire instead of using a fire extinguisher? More people will invest in Bitcoin but the actual vision is dying.

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Luckily, the Bitcoin project is open source and decentralized. If all else fails, what's stopping the community from "forking off" to a new chain? Cheesy

And how does it solve anything? Creating a fork doesn’t sound like a solution. We need our one and only Bitcoin to serve its purpose, even if volatility could still exist.