Learn to buy non-KYC Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin
In this video, I discuss the risks of issuing an ETF for a proof of stake coin like Ethereum.
The biggest risk is that regulated entities that hold and stake the ETH (BlackRock, Coinbase, etc) could be pressured by the government that regulates them to censor transactions at the base layer. If you ruin the censorship-resistance of ETH, there’s no good reason for people to use it:
— It’s not a good store of value
— Transactions are slower and more expensive than using US fiat banking rails
— It’s no better than PayPal or Venmo when it comes to government or corporate censorship and freezing of funds
Under proof of stake, owning more coins gives you more control over the network, including the ability to censor wide swathes of transactions.
The end game for ALL “successful” proof of stake blockchains is centralization of validators among regulated entities like exchanges, custodians, ETF providers, etc
The world is going to have to learn the hard way what makes proof of work so special. And when they learn that, they are going to realize that there is only one proof of work coin that has global recognition, an immaculate conception, and network anti-fragility.
And that’s Bitcoin.
There is no second best.
Not investment advice! Consult a financial advisor.
iShares Ethereum Trust has just been registered in Delaware:
The iShares Ethereum Trust has just been registered in Delaware.
For context, BlackRock's iShares Bitcoin Trust was registered in a similar manner 7 days before they filed the ETF application with the SEC. Details below.
[announcement: I’m moving to @SynopticCom soon] pic.twitter.com/IYafIaxMzA
— Summers (@SummersThings) November 9, 2023
Nasdaq petitioning to be able to trade iShares ETH ETF:
https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2023-045.pdf
Could BlackRock Destroy Bitcoin?
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#ethereum
#blackrock
#bitcoin
Disclaimer
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29 Comments
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PoW FTW
Proof of stake? Rather Proof of mistake 🤡
Brilliant !!!
"proof of work….proof of stake"….I did not know that….TY for the SWAN lead….still tryin to get verified….uploaded documents must be blurry. Sincerely, Sam…Bitcoin U freshman
POS will make Blackrock and the rest of wall street even more powerful than under the already corrupt fiat system… way to go Vitalik
Not quite long I started my trading,, I have really been making a good progress all thanks to Marchantlopez for the information
I don’t think the “crypto” clowns even care about decentralization… they just looking for the next grift to get as much fiat as possible… the concept of freedom, sovereignty etc is something the “crypto” clowns laugh at. They are the sort that would have knowingly invested in the slave trade back in the day.
While i agree with you, ETH returns will likely be more than BTC…. it maybe a short window, but more likely than not
Ethereum is layer 2 for bitcoin
Beofre watching this I'm guessing they're going to end up having the largest stake which will make it a totally centralised shippycoin.
That shitcoin just won’t die 😂. It’s coming.
Sure…it could destroy ETH but not BTC…nice try maxi 🤡
How do you feel about xrp not being ruled a security ??
Love 'the floppening!'😂👍
I would be interested to know what you think about syscoin (SYS)? It’s Ethereum (NEVM) but proof of work due to being a merged mined with bitcoin.
Dude is obsessed with Ethereum lol
I keep telling my younger brother ETH is a dead end, but he won't listen. At least not until the market proves him wrong.
You are appreciated thank you for the valuable education you provide here. My question…In 2016-17 ther was a few articles about the posibilities of etfs and lots of chatter about tether. The BTC ETF was not realized yet bitcoin did what it has always done onward and forward. If the spot bitcoin etf is not approved does BTC really need and approval moving forward into the halving. I am in the camp that adoption is a great thing….but will it impact btc performance if not approved in january or march…thank you your reply is appreciated.
This premise hinges on one thing — if they're allowed to stake it, which seems unlikely. If Coinbase Custody staked the ETH ETF deposits, then they technically wouldn't have the reserves most-likely required by law. Hopefully, the regulation will be that they must maintain reserves and therefore won't be allowed to stake it. If so, that would mean a huge chunk of ETH will NOT be staked, making it harder for any remaining big stakers to take over the network.
The floppining! Perfect term for it once again!
Speaking of censorship and the like, I wonder if the USA PATRIOT Act would have passed if it was named for what it really does.
Matt just wondering if you could do another video on the inverted yield curve and when it will revert back to normal and what it means looking to next year’s economic outlook
Matthew, you deserve way more Followers the exceptional thinking man's content you consistently produce… I watch everyday. Your follower count is about to go to the Moon soon please continue the excellent work, Cheers!
Feethereum is programmatically pegged to the spot price of Bitcoin. It doesn't matter if Feethereum is a giant Ponzi scheme, so long as it pumps when Bitcoin pumps it's very easy to make fiat cash. 💲🤑💲🤑💲🤑
You sound creepy and breathy whispery
I can't sorry lol
Let’s all put on our tinfoil hats and sell ETHER.
👍
MATHEW – YOU ARE A TRIP – THE IMAGE ON THE VIDEO PROMO -SHOULD BE A NFT 😂😂😂😂 ( NICE WORK )
BTC ALL THE WAY – BTC ONLY 👍 👍👍