this post was submitted on 02 Jun 2025
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[โ€“] RedditIsDeddit@lemmy.world 0 points 4 days ago (1 children)

Scams with ETFs regulated by the government, audited by the government through MANY lawsuits, multiple bills being proposed to regulate the indusy.... so scammy right? Legit products. Both of them. Centralization isn't a make or break for any crypto really, they don't have to be decentralized to be a valid product.

And price doesn't matter at all, not sure why you even mention it. It bears nothing on the conversation at all.

lol yes absolutely they are. Yes the government is allowing legal scams. Yes scammers win lawsuits. Yes congress supports scams. A government stamp doesn't make trusting some corporate CEO a good idea; it just means they paid the bribes.

"Blue chips" typically perform well, especially relative to their risk. You've got all the risks of Bitcoin, plus trust in a central party that needs government permission.