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RE: How the SEC ETF decision is a great example of how bitcoin creates value

in #bitcoin6 years ago (edited)

well, i think this means BTC is officially no longer an official citizen of planet Crypton ... which probably means the main alts are next on the list :)

if they want to push it they'll push it somehow isnt that what 1%ers do ? the winklevoss have been great in pushing it into the mainstream and i doubt they have a taken a loss on it no matter who decides what. It is ofcourse, for people at that level not just about money, its about winning. Its a bit of a shame no one like them takes risk with less established currencies, and they probably wouldnt have if they didnt get the money "by accident" due to their victory in the trial, it was like a bonus, right ? something they didnt really need or had already incalculated in their x-year(i dont how many they try to plan ahead)roadmap so they took a risk with it, like someone like me would accidentally find a 50 on the street someone lost and buy 50 scrach lottery tickets with it lol

at least that's how i see it. I doubt they'll just sit around on that, no matter what and make it work to make more, they got the exchange, the bank of switzerland is doing it (well the swiss exchange, bitcoin is officially mainstream now, and with regulation comes headache, just a different kind of migraine you would get after being ripped off by mt Gox lol)

it doesnt matter who decides what, the only thing that matters is demand, people want to buy it because they see money in it then they will.
its like the core laws of supply and demand of energy, you can't just "overrule" that

i feel in most cases regulation stifles innovation , as it only protects those who are used to operate in the outdated framework the regulators recognize as valid, because thats what they got taught in schools or thats what they have been living all their life, anyone coming into it from zero won't be able to make creative use of resources, you're buried under paper before you start

(pardon me for jumping timelines, but as @crypto.piotr , where i found this, will already know, its just how i talk and how my thoughts pop lol)

i probably got a dozen metafors that might not have anything to do with it at first sight, but my brain is wonky from trying to hunt beetles during daylight in code that looks alien to me even if i wrote it myself, i should know better than to try and function at normal people hours)
one of my favourites on seizing opportunity is piracy as always, the new terrorism and deep-crime : if you see your sh*t streamed all over mexico you can look at it two ways :

  1. you can spend a million lobbying the government and sueing people, ending up with a million or more in lawyer cost and virtually no profit or
  2. you can distance yourself and see a situation where there's a vast, untapped audience who WANTS what you offer, and spend a million trying to make then WANT to pay two million for it , and end up with a million you didnt have

etf or not ... its worth what its worth to the buyer (i probably read too much grant cardone and i suffer from sever lack of formal education so my theories tend to be bonkers ... or are they ?)

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