比特币现金
比特币现金
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Bluechip
Crypto Newbie
10-27 15:34
Breaking News: The Hidden "Silent Kill Switch" in Your $BTC ETF They told you it was safe. They told you it was secure. But they never told you the terms that allowed them to sever the agreement. This isn't a market prediction. This is a structural revelation. Veto power. The SEC filing explicitly states that BlackRock, Fidelity, and other ETF sponsors have "good faith" discretion to decide which Bitcoin chain is "valid" in the event of a fork. Your sovereignty upgrade? It could be orphaned. Stranded. Overturned by compliance officers and rendered irrelevant. Concentration. Currently, ETF custodians control 1.35 million BTC, or 6.8% of the total circulating supply. Coinbase alone holds 81%. Projections suggest this concentration will reach 15-20% by 2030. At that threshold, their veto power will become absolute. Precedent. History has not been kind to those who stay behind. The Ethereum DAO fork in 2016 orphaned the original ETC chain, leaving approximately 16-20% of nodes. The Bitcoin Cash forks in 2017 and 2018 did the same, isolating approximately 17% of participants. These were voluntary forks. The ETF veto is an involuntary split. The future is frozen. This isn't about price, but protocol rigidity. Upgrades to privacy, scalability, or post-quantum security (which could pose a threat by 2030-2035) could be blocked to meet regulatory compliance. Bitcoin's core innovation risks being frozen at the technological level of 2017. We are witnessing a great speciation: a compliant, sanitized "BlackRock Bitcoin" and a sovereign, pure "original Bitcoin." Your fungible asset may soon become two different things. The greatest paradox in financial history is unfolding: decentralized assets are being controlled by their own investment vehicles. The ultimate trade is no longer long or short. It's self-custody versus custody capture. Time is running out, and concentration is rising. This is the red pill. Take it. Watch for next: Custody concentration breaks 10%. The first test of controversial upgrades like OP_CAT. Your move.
Breaking News: The Hidden "Silent Kill Switch" in Your $BTC ETF

They told you it was safe. They told you it was secure. But they never told you the terms that allowed them to sever the agreement.

This isn't a market prediction. This is a structural revelation.

Veto power.

The SEC filing explicitly states that BlackRock, Fidelity, and other ETF sponsors have "good faith" discretion to decide which Bitcoin chain is "valid" in the event of a fork. Your sovereignty upgrade? It could be orphaned. Stranded. Overturned by compliance officers and rendered irrelevant.

Concentration.

Currently, ETF custodians control 1.35 million BTC, or 6.8% of the total circulating supply. Coinbase alone holds 81%. Projections suggest this concentration will reach 15-20% by 2030. At that threshold, their veto power will become absolute.

Precedent.

History has not been kind to those who stay behind. The Ethereum DAO fork in 2016 orphaned the original ETC chain, leaving approximately 16-20% of nodes. The Bitcoin Cash forks in 2017 and 2018 did the same, isolating approximately 17% of participants. These were voluntary forks. The ETF veto is an involuntary split.

The future is frozen.

This isn't about price, but protocol rigidity. Upgrades to privacy, scalability, or post-quantum security (which could pose a threat by 2030-2035) could be blocked to meet regulatory compliance. Bitcoin's core innovation risks being frozen at the technological level of 2017.

We are witnessing a great speciation: a compliant, sanitized "BlackRock Bitcoin" and a sovereign, pure "original Bitcoin." Your fungible asset may soon become two different things.

The greatest paradox in financial history is unfolding: decentralized assets are being controlled by their own investment vehicles.

The ultimate trade is no longer long or short.
It's self-custody versus custody capture.

Time is running out, and concentration is rising.
This is the red pill. Take it.

Watch for next: Custody concentration breaks 10%. The first test of controversial upgrades like OP_CAT. Your move.
BSCN
BSCN
Crypto Newbie
10-13 12:52
COINBASE AND AMEX TO LAUNCH A BITCOIN REWARDS CREDIT CARD IN THE US - CoinDesk reports that @Coinbase is partnering with American Express to launch a new Bitcoin rewards credit card in the US later this year. - Designed for Bitcoin purists, the card blends traditional finance with crypto philosophies. A card inspired by Bitcoin's founding moment - The Coinbase American Express card is embedded with data from the Genesis Block—the first Bitcoin block created by Satoshi Nakamoto on January 3, 2009. - This block is more than just technical history; it also conveys a message from a New York Times headline: - "Chancellor About to Bail Out Banks for a Second Time." - It's a silent protest against central banks and the 2008 financial crisis. - The card's design pays homage to this moment, featuring hexadecimal code from the Genesis Block. Exclusive Access and Rewards - The Coinbase One American Express card will be available exclusively to Coinbase One subscribers (the company's paid members). - Cardholders can earn up to 4% cash back in Bitcoin, with rewards based on the amount of Bitcoin held and account tier. Other benefits include: - No foreign transaction fees - Repayments through a linked bank account or cryptocurrency balance - Participation in American Express offers and promotions - Coinbase also clarified that Bitcoin rewards earned through purchases will not appear on a 1099 tax form, but may still be taxable if the rewards are later sold. - Coinbase One will launch the card in fall 2025, driven by growing institutional interest in Bitcoin, driven by spot ETFs and the increasing use of cryptocurrency payments in mainstream commerce. Image: Coinbase X platform
COINBASE AND AMEX TO LAUNCH A BITCOIN REWARDS CREDIT CARD IN THE US

- CoinDesk reports that @Coinbase is partnering with American Express to launch a new Bitcoin rewards credit card in the US later this year.

- Designed for Bitcoin purists, the card blends traditional finance with crypto philosophies.

A card inspired by Bitcoin's founding moment

- The Coinbase American Express card is embedded with data from the Genesis Block—the first Bitcoin block created by Satoshi Nakamoto on January 3, 2009.

- This block is more than just technical history; it also conveys a message from a New York Times headline:

- "Chancellor About to Bail Out Banks for a Second Time."

- It's a silent protest against central banks and the 2008 financial crisis.

- The card's design pays homage to this moment, featuring hexadecimal code from the Genesis Block.

Exclusive Access and Rewards

- The Coinbase One American Express card will be available exclusively to Coinbase One subscribers (the company's paid members).

- Cardholders can earn up to 4% cash back in Bitcoin, with rewards based on the amount of Bitcoin held and account tier.

Other benefits include:

- No foreign transaction fees
- Repayments through a linked bank account or cryptocurrency balance
- Participation in American Express offers and promotions

- Coinbase also clarified that Bitcoin rewards earned through purchases will not appear on a 1099 tax form, but may still be taxable if the rewards are later sold.

- Coinbase One will launch the card in fall 2025, driven by growing institutional interest in Bitcoin, driven by spot ETFs and the increasing use of cryptocurrency payments in mainstream commerce.

Image: Coinbase X platform