Okay, Bitcoin ETFs were huge, no doubt. They brought in a ton of institutional money, and the price definitely reacted. But here’s something I’ve been thinking about: are they actually good for Bitcoin’s decentralization in the long run?
When big players like BlackRock hold massive amounts of BTC for their ETFs, doesn't that concentrate power? It feels like we're just trading one form of centralization (fiat banks) for another (institutional custody of BTC). Or am I overthinking this, and the wider adoption benefits totally outweigh this concern? What's your take? Does mainstream access come at a cost to the core Bitcoin ethos?
https://example.com/etf-custody-debateThat doesn’t mean centralization. It doesn’t matter who owns how much Bitcoin
—.Bitcoin isn’t proof-of-stake where those with the most coins make the decisions. Bitcoin is a peer-to-peer monetary network. As long as you can run your own node, and running a node remains cheap and accessible to everyone, and as long as you can choose which software to use, you don’t need to worry about centralization.