Should the Teamsters/UPS 401k plan allocate to Bitcoin ETF when approved?

Should the Teamsters/UPS 401k plan allocate to Bitcoin ETF when approved?

  • Yes

    Votes: 13 21.7%
  • No

    Votes: 39 65.0%
  • I cannot read

    Votes: 7 11.7%
  • I love working

    Votes: 1 1.7%

  • Total voters
    60
  • Poll closed .

100%ORIONComplianceGuy

25+ Year UPSer and Teamster
The network users get no vote.

The full nodes get to vote.

A very important distinction, but one that isn’t taught enough to new crypto users.

It’s not a vote between the millions of users of Bitcoin, but of the 18,000 ish full nodes in operation.

With all due respect, I think you are driven by FOMO.
Wrong again. The consensus (or denial) regarding increasing Bitcoin's final number of coins is determined by the entire network of Bitcoin users, which includes miners, developers, investors, and users.

This “collective” agreement is reached through the decentralized process of mining and validation of transactions. Unlike many other alt coins where a board of crypto bros can make those decisions. Any proposed changes to Bitcoin's protocol would require widespread agreement among these participants, making significant alterations very challenging to implement. Why would that many people sabotage their own asset by eliminating one of the core fundamentals that makes BTC worth the effort?

Also again….you have much to learn about BTC.
 
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100%ORIONComplianceGuy

25+ Year UPSer and Teamster
Remember, they put people in jail for owning gold confiscated it and outlaw owning it, I don’t think you are accurately, understanding the government ability and determination to control the money supply. There is zero chance they’re going to give you an offramp to their system without a fight.
Oh I definitely understand that. And they definitely suck. But the beauty of it is that they can’t confiscate BTC like they did gold.

The off-ramps and on ramps attack can be worked around if needed. They know it. Any valid attempt to stop or severely disrupt BTC will be futile. They missed their window. At this point I think they are trying to slow (the best they can do, if that) the inevitable down so they can take advantage. Which is what they should’ve done from the beginning.

Personally, I think their long term goal is to more or less is to use BTC to replace gold as the backing for the dollar. Or whatever ends up being the dollar.
 
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