Beyond Selfish Greed, Why Is Everyone So Excited About A BlackRock ETF? 11 Reasons This Could Lead to Disaster—Discuss!

Why, beyond selfish greed, are people so excited about this? Especially after seeing how they've they used their massive influence in TradFi to change both the political and cultural landscape of North America, most notably ESG.

Are we willing to compromise the foundational principles of Bitcoin just for short-term gains? Power and control is much more important than money to these people. Considering they could buy every Bitcoin with 1% of their market cap, if Bitcoin threatens the other 99% why wouldn't they sacrifice the 1% just to destroy it?

I have listed 11 speculative and extreme examples of how they could do so below and welcome challenges to their validity. Bitcoin is literally the only thing that gives me hope in a world where the people that run it are bent on manipulating us to enslavement. If anyone can put my mind at ease, I'd appreciate it.

11 Ways BlackRock Could Destroy Bitcoin

1. Centralization of Mining Operations: If a company like BlackRock were to buy up significant mining companies, it could monopolize Bitcoin's mining landscape, undermining its decentralization.

2. 51% Attacks: Controlling a majority of mining operations could technically enable these large entities to manipulate transaction history and double-spend coins.

3.Censorship and Discrimination: With control over mining, they could prioritize transactions from their own ETFs or partners, discriminating against individual users and smaller entities.

1. Forced Protocol Changes: These companies could use their mining power to push changes in the Bitcoin protocol that suit their interests but harm the broader ecosystem.

2. Market Manipulation: By strategically mining or not mining transactions, they could influence transaction fees and even the price of Bitcoin.

3. Global Regulatory Backlash: Their domination could lead to drastic measures from global regulators, including a blanket ban of crypto transactions or mining.

4. Weaponizing Hash Power: In the worst-case scenario, they could intentionally divert hash power to create a fork in the Bitcoin blockchain that they control.

In addition to the buying up mining companies they could also use:

1. Price Manipulation via High-Frequency Trading (HFT): BlackRock could engage in High-Frequency Trading strategies using its vast resources, exploiting minute differences in Bitcoins price across multiple exchanges. By so doing, it could potentially create artificial price volatility, making the market more unpredictable for retail investors and other stakeholders.

2. Hoarding and Centralization: One extreme case could be BlackRock accumulating an enormous amount of Bitcoin through its ETF, effectively becoming a "whale" that owns a substantial portion of available Bitcoins. This centralization would run counter to the core decentralized ethos of Bitcoin and could enable BlackRock to influence price movements

3. Forced Regulatory Changes: Given its financial muscle and lobbying power, BlackRock might push for specific regulatory changes that favor its business model but disadvantage the wider crypto community. For example, it might lobby for the easing of anti-money laundering (AML) requirements for institutional investors, raising ethical and legal concerns.

4. Short-term Focus: Large institutional investors often have a short-term profit focus that could lead to increased price volatility and discourage long-term holding, which has been a significant part of Bitcoin's rise and stability to date.

I could go on and on and I get that their involvement could bring a lot of money into the space and potentially increase the price of Bitcoin in the short term, but at what long-term cost?

I have some ideas on what we could do to prevent some of the above, but they require a strong community willing to make both personal and financial sacrifice. I'm just not sure how many would be willing or able to participate. I would be open to hearing your feedback regarding the above.

Thank you!