Bitcoin ETF discussion

"crypto funds" like ETFs are a dumb idea that completely misses the entire value proposition of crypto, which is self-custody. Any crypto that aren't in your custody can be lent, which creates inflation. Sadly, most Bitcoin nerds don't understand how inflation actually works, and couldn't tell you what M0 or M1 are, so - yeah - a lot of maxis are gonna be seriously disappointed when they discover that the very thing they have been cheering for - "institutional money" - is going to be the downfall of the very reason they thought Bitcoin had value: inflation resistance.
 
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