Bitcoin Satoshi Betrayal Issues

Once upon a time, in a world of digital dreams, where finance flows like streams.

Satoshi Nakamoto, the enigmatic creator of Bitcoin, envisioned a financial ecosystem where individuals could transact directly without the need for centralized institutions after the heartbreaking 2008 financial crisis.

This vision was predicated on the idea of users holding their private keys, thus having full control over their assets.

Now, you might be saying, “But Bitcoin’s main adoption can’t happen without mainstream adoption, like Bitcoin ETFs?” Right?

What you need to understand is that while Bitcoin ETFs offer a more accessible route for the average Joes and Janes to gain exposure to Bitcoin’s value without the complexities of managing private keys or navigating cryptocurrency exchanges, the ultimate goal should be self-custody of your assets- thus Bitcoin Exchange-Traded Funds (ETFs) represent a significant deviation from Satoshi’s ideal because:

  • Investors in Bitcoin ETFs do not hold the private keys to the underlying Bitcoin (imagine waking up one day to find all your hard-earned BTC gone with the spirit of bankruptcy that once haunted FTX).
  • Purchasing Bitcoin ETFs, especially through retirement accounts like a 401(k), may face hefty fees and penalties for withdrawals (aka you will be locked into positions longer than anticipated, impacting the liquidity and freedom originally associated with Satoshi’s vision).

And if that wasn’t alarming enough, here’s how the elephants in the room could orchestrate the fall of Bitcoin;

  1. Wall Street purchasing >= 51% of all 21 million coins.
  2. Node Dominance (Wall Street gaining control of >= 51% or more of all Bitcoin nodes.)
  3. The 51% Siege (A 51% attack by Wall Street using Bitcoin mining rigs.)
  4. Seizure Precedents (Legally seizing your Bitcoin as they did with Gold.)
  5. Global Bans (Pandemic Level Global coordination banning BTC.)

While my intricate research throughout crypto days and blockchain nights shows glimmers of hope for Bitcoin to triumph as it once did against the likes of Bitcoin Cash (BCH)…my deepest fear lies in the fact that institutions may use a subtle route and kill the BTC Dragon via a thousand unseen cuts.

So, will you let the essence of Bitcoin fade into the grasp of Wall Street?


Will you light a candle in the darkness, keeping the flame of financial sovereignty alive?

SatoshiNakamoto #Bitcoin #BitcoinETF #Defi #PrivateKeys #FinancialFreedom #SatoshiVision #FinancialSovereignty #Decentralization #BitcoinAttacks #NodeDominance #51percentSiege #BitcoinHeist #BitcoinGlobalBan #Monopolization

Majesty Atenkhu

Majesty Atenkhu

Majesty is a versatile tech professional whom recently fell in love with Bitcoin and Artificial Intelligence(AI) and is obsessed in leveraging these technologies to create a significant impact.

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