I understand what you are saying, but less that 10% of Bitcoin holders are purists, most of them will choose the Bitcoin NGU, and will choose to use the Blackrock fork, we can see that nowadays.
Bitcoin OG's are into Monero nowadays because they care about censorship resistant money, most Bitcoiners from today only want to make fiat gains, i now that's a hard truth to swallow but it is what it is..
That's just speculation, we don't know which fork they would choose. It is a risky play, whatever is decided.
Bitcoiners today want what money is designed to do,... Store value. That is more important than censorship right now.
I'm sure OGs are into Monero, but just as play money, they store their wealth in Bitcoin, because it works.
Money is designed to transact not to store my friend, assets are designed to store value..
You can transact on BCH, why dont people?
You can transact with FIAT, why don't? π
That's a nonsense question man, you should ask why and for what Bitcoin was created, and it wasn't to be a store of value
Peer to peer trust less money. Money needs to be a store of value or you are sending nothing! Just send an email instead.
Now ask yourself what is Bitcoin today and where is the peer to peer trust less money..
You can't store value without censorship resistance. It can be the best performing asset in the world, but it's worth $0 if someone takes it from you or prevents you from using it.
Look at the Bitcoin mempool right now. Very cheap transaction fees despite all-time-highs. Obviously the majority of economic activity is going on in centralized exchanges with custodians defeating the entire point of Bitcoin - removing trusted third parties
Will the ETF holders at some point get rugged? Yes probably, as we know the temptation will be too big.
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