Bitcoin isn’t dying, it’s becoming domesticated
Wall Street’s ETFs are domesticating Bitcoin into a fee machine, stripping away peer-to-peer ethos while concentrating power in custodial chokepoints.
Opinion by: Nic Puckrin, CEO of Coin Bureau
The great decentralization experiment that began with the creation of Bitcoin is being progressively domesticated; collared, tagged and rehoused inside the very architecture it was built to route around.
Wall Street’s wrappers and government rulebooks are metamorphosing a peer-to-peer (P2P) monetary network into a product line. The speed of that redomestication should unsettle anyone who still cares about the original ethos, and it should not be ignored anymore.