Re:No Bitcoin ETFs at Vanguard
by cft on Sunday January 26, 2025 @01:48PM
(#42832708)
Since we are hypothesizing, here is another hypothesis. Crypto, being non-government controlled, maybe be better than the hypothetic alternative: a government ledger, where the central planners decide which economic activity is "good" and which leads to de-banking, and where decisions are made by government-controlled AI. Then this p2p economic liberty is worth the investment.
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You’re the only one hypothesizing here. “Crypto isn’t a productive asset and is an energy sink” is a simple and straightforward observation.
But if you’re going to hypothesize things out of thin air, you can give them literally any property you want. That’s hardly interesting.
Re:No Bitcoin ETFs at Vanguard
by mistercheph on Sunday January 26, 2025 @02:27PM
(#42833128)
Pencil and paper, two questions "What is money?", "How does a money start?", half an hour in a park
If you think that a public leger on the public internet is somehow not controllable, I have a crypto bridge to sell you.
If they think having everyone's transaction history on the public internet is a good idea, I have a hyper detailed data bridge to sell
Public, yes. Interpretable- recent transactions- no. Have you done chain analytics on pay-to-Taproot key-path transactions?
Crypto is a commodity that is a fraud machine by nature of its trivial transferability. The lack of transfer controls makes it great for a variety of grifts, as demonstrated time and again.
Even without my cynical opinion, Vanguard doesn’t have a heavy commodity focus, and it’s hard to diversify crypto.