[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 68 KB, 553x506, 1688113494744373.png [View same] [iqdb] [saucenao] [google]
57663925 No.57663925 [Reply] [Original]

If BlackRock buys all the coins there will be no more Bitcoin transactions and the miners will be unable to afford the energy required for them to operate. As a result they will be forced to shut down. Without the miners, Bitcoin dies.

>> No.57664160

that's why we need Ordis and VM on bitcoin

>> No.57664401

Ethereum solves this

>> No.57664409

>>57663925
Blackrock doesn't own the coins it is a custodian. Legal terms are important and mean things. Further, the only people who would buy through an ETF are investors using tax-deferred retirement accounts. Anyone with actual money will just buy directly and they far outnumber retirement tards. Your idea is not gong to happen.

>> No.57664426

>>57663925
it's even worse than that Arthur. fragility is built into the system as the mining reward dwindles. the Bitcoin community will be forced into a choice: fork or perish. and the fork itself might spell the end

>> No.57664839
File: 1.12 MB, 593x563, ETF.gif [View same] [iqdb] [saucenao] [google]
57664839