willheim on Nostr: Some say ETFs are a layer 2... I say they're fiat gamblers. Our money is not your ...

Some say ETFs are a layer 2... I say they're fiat gamblers. Our money is not your costume!

quoting
nevent1q…hplm

Low transaction fees are great.
Cat jpegs onchain didn’t catch on I guess.

But..

It is also indicative of many people using custodial services instead of being sovereign key-holding bitcoiners.

Which enables fractional reserves, paper bitcoin and price manipulation.