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A comment on Spot Bitcoin ETF receives official approval from the SEC. Parent comment

Re:Spot Bitcoin ETF receives official approval from the SEC by 738292748 on Wednesday January 10, 2024 @10:45PM (#38947293)
The killer use case has existed from day 1: remove the middleman. That is banks, or goverments. That's it. There's literally nothing else to it. Speculating on its value, while possible, has nothing to do with its purpose.
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Re:Spot Bitcoin ETF receives official approval from the SEC by AlexandrB on Wednesday January 10, 2024 @11:06PM (#38947433)
And yet here we are, discussing a Bitcoin ETF, which involves plenty of corporate middlemen and has no benefit to the Bitcoin community besides increasing Bitcoin's speculative value.
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Re:Spot Bitcoin ETF receives official approval from the SEC by jojobas on Wednesday January 10, 2024 @11:26PM (#38947585)
You reckon it's a charity to boost bitcoin holders' wealth? The purpose of this ETF is to extract profit, the rest is unintended.
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Re:Spot Bitcoin ETF receives official approval from the SEC by toenail on Thursday January 11, 2024 @12:36AM (#38948178)
Haha, ok, all successful investments are charities.
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Re:Spot Bitcoin ETF receives official approval from the SEC by wlesieutre on Thursday January 11, 2024 @12:54PM (#38955892)
And I’m sure plenty of other people were buying and holding in exchanges like Coinbase already, instead of buying bitcoins in direct person-to-person cash transactions like the decentralization advocates imagine they will
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Re:Spot Bitcoin ETF receives official approval from the SEC by npoc on Thursday January 11, 2024 @02:13AM (#38948831)
Its purpose is to provide an escape hatch from fiat currency that steals people's wealth, available to everyone in the world, ultimately shutting down the global scam that is central banking.

It is the hardest money that mankind has ever seen, digital, with an issuance schedule that is set in stone - no select few people have the ability to effortlessly print it, stealing the wealth of the rest and corrupting the world at its core, causing third world poverty, endless wars, corrupt media etc.

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Re:Spot Bitcoin ETF receives official approval from the SEC by the_gastropod on Thursday January 11, 2024 @11:32AM (#38954476)
I think its purpose was to provide fresh blood to the John Birch Society. It seems to be working remarkably well, in that respect.
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Re:Spot Bitcoin ETF receives official approval from the SEC by npoc on Thursday January 11, 2024 @01:36PM (#38956605)
Yes, a common side effect of going down the deep bitcoin rabbit hole and discovering how the world really works.
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Re:Spot Bitcoin ETF receives official approval from the SEC by the_gastropod on Thursday January 11, 2024 @02:30PM (#38957569)
I'm sure you're aware of this... but every conspiracy theorist and cult member thinks this way. A moment of self-reflection may be in order.
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Re:Spot Bitcoin ETF receives official approval from the SEC by npoc on Friday January 12, 2024 @05:12PM (#38974829)
It's very healthy to listen to both sides of an argument and theorise about conspiracies. It's the close-minded people programmed to laugh at them who need to self-reflect.
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