Crypto Coins News - Ratings - Reviews
I recently made The Bitcoin Balance of Power Poster: https://medium.com/@AudunGulbrands1/the-bitcoin-balance-of-power-poster-91271ab31b86#.yrzdriqlh
My understanding is that the ETF had plans to "resolve" a potential coin-split by confiscation of funds…
After the split they would steal half of all the coins that belongs to its investors (one side of the fork)
And possibly dump all those stolen coins into the market and thereby dumping the value of that side of the fork.
Since the ETF would have been regulated by the SEC, this would have given the SEC a notable position of power in the bitcoin ecosystem.
Further this would have pushed the Balance-of-Power into uncharted territory.
I’m increasingly amazed of the following fact:
Bitcoin has been put together in such a way that the SEC had to deny itself a Position-of-Power in the bitcoin ecosystem!