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Bingo. An ETF for retail investors would be summarily shot down. This ETF is for the wealthy. The SEC will not squander an opportunity to help the rich get richer.

It's the first step toward getting a retail ETF for the plebs approved. The wealthy elites need to be able to get in at the ground floor though, since that's where most of the money will be made. I'd expect the first pleb ETF to be approved when Bitcoin is at $50K+.

None of the previous attempts were successful so why would this one be any different?

I don’t forsee it gaining approval, no.
I do hope I’m wrong though because if it was approved I think the price would pump significantly.

What's so frightening about them may I ask?

What should I buy, the trezor https://amzn.to/2NdhnKE or save some money and get this keypay wallet https://amzn.to/2ulIMmQ ?

Sure, pull a bit of profits, here and there.  We want to have some fun.

There were several guys posting about all the toys that they bought in bitcoin when the price rose to $700, and they were posting similar things when the price rose to $2k.. but surely some short-lived gratification, since they could have bought 10-20 of those same things with the same amount of bitcoin or even at today's prices 3-8 of those same things.... gratification versus deferred gratification with an appreciating asset such as bitcoin.

For anyone who has been into bitcoin for 2 or more years, because our investment into bitcoin has done so well, it is quite likely that we could still buy some pretty nice shit, and only pull out relatively small amounts along the way.... and even if we kind of over extended, and we need a bit of cash flow, we can still pull out small portions at these $6k prices and still be decently profitable by balancing our pull outs.

Some of the guys (and gal) who are putting so much emphasis on their consumer good purchases, seem to either be really short sighted in valuing their wealth in fiat or they are purposefully trolling the folks participating in/reading this thread.

And there we go; breaking yesterday's mempool high.

Lightning[booty] is growing fast

I hear that, dude.

The quality of moderation in this thread has gone way down. And with it, the price if Bitcorn.

I'll go so far as to say LN is virtually useless as an end-user protocol. It provides the technological base for the payment processors of the future. Some have compared it to the TCP/IP protocol. The analogy is:
Internet -> Bitcoin
TCP/IP -> Lightning Network
World Wide Web -> Layer 3

Anyway, the next generation of payment processors will be built atop LN, will absorb all risk associated with LN, and will provide users a foolproof layer 3 solution. And possibly fractional reserve banking and derivatives.

It's pretty simple really... since the 90's the Democrats were lobbied and co-opted by transnational corporations to outsource all the blue collar jobs overseas, then promote the domestic white collar work life as the only the lifestyle left in America for anyone, anywhere. It was all highbrow and condescending. They figured that this is what all Americans want and need -- it's obvious they want to model American work life after Japan. Disregarding the fact that 80% of Americans are not cut out for a desk job just to sit behind a computer all day. They really just want to work with their hands and actually get something accomplished every day. They want their work life to have meaning, purpose, and lasting legacy.

Just go to college, earn your degree, and you'll be just fine they said. Get a white collar career and earn a great salary they said. Get married, buy a nice house, put your kids through college they said. Retire wealthy, they said.

Yeah, well that's all fine and good while the American economy is going strong and consumerism is rampant (70% of GDP!).... until a financial crisis comes, and then they start outsourcing all the white collar jobs that are left in America as well. That is actually happening right now... in China, white collar jobs are booming for the exact same work that the former American desk jockeys used to do before they got downsized (translation: were too expensive to just go to meetings, do Powerpoints and push Excel spreadsheets around all day) and at a fraction of the cost.

First they gutted the lower middle class (blue collar jobs). Then they gutting the middle- middle class. Now they are gutting the upper middle class (white collar desk jobs). Soon in America there will be nothing left but a few wealthy elites at the top of all the multinational corporations (i.e., Amazon, Google, Apple, etc.), and everyone else working for them but getting paid peanuts (relative to local cost of living, insurance, long term debts, etc.) and barely scraping by.

The Democrats solution to this monster of a problem they created is apparently more govt debt, more corp debt, more handouts, more free services, and perhaps even Universal Basic Income. Socialized by more taxes on the middle class and the poor to pay for it all. It's preposterously stupid and naive to think that this will solve things in the short or long term. It's an attempt to bandaid over the problems instead of solving them. It's a snake eating its own tail.