Very unlikely that Bitcoin ETFs could have been stopped with this design (no privacy by default and not fungible).
To make ETFs less appealing, you'd have to have a hostile to the state design (more Monero-like).
It is less likely they'd want to promote you and push you into the mainstream if you are private and fungible by default, and the community is straight up hostile to the state.
Bitcoin is safe for the state, that's why it got mainstreamed.
buckyfonds / Control-Plane Capital
npub1x9…p6rta
2026-05-29 09:26:26 UTC
in reply to nevent1q…d8tr
Author Public Key
npub1x9hghmfunry8wcgg8s8w5e3drmkndw92r8qu0cp2l28u32aqqn9q6p6rtaPublished at
2026-05-29 09:26:26 UTCEvent JSON
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"pubkey": "316e8bed3c98c87761083c0eea662d1eed36b8aa19c1c7e02afa8fc8aba004ca",
"created_at": 1780046786,
"kind": 1,
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"content": "Very unlikely that Bitcoin ETFs could have been stopped with this design (no privacy by default and not fungible).\n\nTo make ETFs less appealing, you'd have to have a hostile to the state design (more Monero-like).\n\nIt is less likely they'd want to promote you and push you into the mainstream if you are private and fungible by default, and the community is straight up hostile to the state.\n\nBitcoin is safe for the state, that's why it got mainstreamed.",
"sig": "1e29d478ad5bcf85fa62f485b6693593fa43c9aa6b1b496fa05587c42dbf992c9f96c0e759912038c575a5a8dca1315cfbf6ac158c0c20125e8c2c8f49cf53fd"
}