I guess they don't really care about nada other than “price appreciation.”
Surprise? Surprise? It's hard to be surprised when most maxis just worship politics these days.
It is absolutely fascinating what people will say to justify going against everything they've always “supposedly” believed in. To be wholly frank, it's equally comical and watching a shit load of others shamelessly “agree” to such shit changes makes it even more a comedy gold, we should really make a movie or two about it.
It is interesting that it happens quite often and really just serves to reveal a critical flaw in the human belief system being heavily “figure-based” rather than the quality of information explored.
This is to say that most people are sheep-like and will go wherever the master or shepherd(the figure) goes rather than seeking to understand the destination ahead and deciding if the journey is worth it, essentially refusing to seek enough information to guide their decisions.
How often do people read stuff online and decide that it's worth doing some research?
Even a quick Google search goes a long way. Not because Google will always have the right answers on the front page but because the media and bloggers are absolute crazy attention hunting animals and will go to great lengths to build narratives around unfolding events, essentially forcing you to search through numerous pages to determine the most solid piece of information around an event.
That's what doing your own research brings about. It turns you into a desperate explorer selling your attention for some “real answers” and last I checked, it's absolutely worth it!
PlanB Ditches Self-custody for ETFs
I have transferred my bitcoin to ETFs.
Yes I know, not your keys not your coins. But it is just easier for me to manage bitcoin the same way as equities and bonds. Also, not having to hassle with keys gives me peace of mind. I guess I am not a maxi anymore.
He humbly steps down from being a “maxi” as he embraces ETFs, and sings praises of the security that comes with the traditional finance system.
It's quite disturbing that his ultimate reason is “easier management” and it being “safer” due to not having to deal with keys.
It's an outrightly stupid basis for trading freedom for a heavily “regulated” IOU because by saying this, he indirectly calls bitcoin a shit tech not suitable for mass use. Surely, it's nothing like traditional finance systems, but “education” exists for a reason.
Unless one is mentally challenged, most people can self-custody bitcoin and every other crypto asset and do just fine. It's rather too easy if you actually want to make an effort.
Your mnemonics can literally be made into a poem only you know. We've collectively given away brain space for the weirdest of shits, it's not that hard to completely have your crypto wallet exist without no real digital risk to your assets.
That's a pretty dumb excuse.
That said, when it comes to the whole management comment, this just comes off as an ad for ETFs. If I was trying to be a conspiracy theorist today, I'd say that was some paid-scenting tweet.
“Oh look, ETFs make bitcoin safe, sell Bitcoin, buy ETFs and remain where you can be controlled like the slave you are”
Good one Fiat Maxi. Oh what will the media that have heavily quoted PlanB in the past do now?