Spot Bitcoin ETF receives official approval from the SEC

Post by tsimionescu » Thu, Jan 11, 2024, 8:22 AM UTC

roenxi wrote: post #558

pavlov wrote: post #531

My prediction is that Bitcoin will become fully institutionalized within twenty years, to the point that the “Bitcoin” held by investors are entirely disconnected from the theoretical blockchain. A similar thing happened with stocks. Not so long ago they used to be physical pieces of paper. You could trade shares peer-to-peer and even anonymously by handing over the share certificate to someone in person. For dividen…

The possibility of change exists, but one of the hardest promises Bitcoin makes is that you can't change the rules mid-game like what happened with stocks. That is one of the most attractive things about this asset class - if the US regulators want to change how a crypto is traded ... tough biscuits. They have to convince the market participants, globally, to trade the new way. The bar might be orders of magnitude hi…

Post by Nursie » Thu, Jan 11, 2024, 8:25 AM UTC

roenxi wrote: post #558

pavlov wrote: post #531

My prediction is that Bitcoin will become fully institutionalized within twenty years, to the point that the “Bitcoin” held by investors are entirely disconnected from the theoretical blockchain. A similar thing happened with stocks. Not so long ago they used to be physical pieces of paper. You could trade shares peer-to-peer and even anonymously by handing over the share certificate to someone in person. For dividen…

The possibility of change exists, but one of the hardest promises Bitcoin makes is that you can't change the rules mid-game like what happened with stocks. That is one of the most attractive things about this asset class - if the US regulators want to change how a crypto is traded ... tough biscuits. They have to convince the market participants, globally, to trade the new way. The bar might be orders of magnitude hi…

Post by roenxi » Thu, Jan 11, 2024, 8:25 AM UTC

petesergeant wrote: post #592

roenxi wrote: post #558

Earlier quoted context omitted.

The possibility of change exists, but one of the hardest promises Bitcoin makes is that you can't change the rules mid-game like what happened with stocks. That is one of the most attractive things about this asset class - if the US regulators want to change how a crypto is traded ... tough biscuits. They have to convince the market participants, globally, to trade the new way. The bar might be orders of magnitude hi…

> but one of the hardest promises Bitcoin makes is that you can't change the rules mid-game Am I misremembering or did the other blockchain do exactly that in response to the DAO hack?

Post by ibz » Thu, Jan 11, 2024, 8:28 AM UTC

amjnsx wrote: post #602

pyvpx wrote: post #597

Earlier quoted context omitted.

this assumes USD hegemony is a distant memory. does bitcoin have the largest weapons cache and standing military in the history of humanity? best of luck to your imagined future; but it reads very naive to me.

So what, it's "play by our rules or get bombed" ?

Post by metw02024 » Thu, Jan 11, 2024, 8:31 AM UTC

ent1ty wrote: post #599

With quantum computing growing rapidly, aren't all blockchains in danger of being decrypted and drained in the future?