There is nothing "argumentative" about that, it is simply a fact
Some people can argue about it. It is just their opinion, not that they are idiots. I think it is a good opinion that can let more people still know what bitcoin actually is. I still see some people that are saying bitcoin is losing its purpose everyday and this is a good example that they can make. But the fact has not changed, anyone that seek knowledge about bitcoin and want to be private and have full control over his own coins can still do.
No, opinions that are based on false data are lies and such people are idiots. If a person argues about made up things, they are an idiot and a retard. Don't justify this kind of shit behavior, way too many people do it. Gather knowledge and then form opinions or shut the fuck up.
It is a big question if those banks are buying anything at all or instead they are giving users fake exposure to a market. If there is no real buying or there is only buying of a paper ETF, then the only remaining benefit is the exposure/availability to the Bitcoin name which is a quite limited benefit. In fact, given the amount of price performance suppression that such fake buying causes it would be quite questionable to even establish that the benefit of this whole thing outweighs the negatives. I would easily proclaim that fake exposure is worse than no exposure at all. Any kind of Bitcoin adoption must include the ability to withdraw, otherwise it is bullshit. If Revolut can do it, others can too.
https://help.revolut.com/help/wealth/cryptocurrencies/crypto-withdraw-deposit/This would be the same to say that when you are buying a blackrock sp500 etf it is just paper with no real stocks behind it.
This would be a complete fraud. There are many regulations which do not allow banks to do that.
Society works, people arent fooling everyone all the time.
My sweet summer child, how old are you? This kind of world view is on the level of a naive child, it is time to change that up. Modern society does not work, every single mechanism that exists, every single institution in every single place in the world is corrupted -- some more than others, that is the only difference in the magnitude of corruption. You mean to tell me that no kind of paper Bitcoin exist, meanwhile not a single institution provides a real proof-of-reserves function? I wonder why, surely it is because of "security" reasons.
Paper ETFs are a known, undeniable fact, denying it is delusional. They have even legalized this kind of fraud in some industries where you have ETFs that are paper exposure by definition.
https://www.goldpriceforecast.com/explanations/paper-silver/, learn the basics.
https://bulliontradingllc.com/blog/paper-silver-vs-physical-silver-price-disconnect-2026/I think customers should be able to withdraw (or transfer) their Bitcoin after a certain number of months or years since the law, and model of the banks/credit unions is about custody/safekeeping, which i think is not like a bank account with potential restrictions.
No. Either it must be made available immediately, or the entity in question does not own the Bitcoin in question. They may be gambling with the user funds, and there is not much legally preventing them from doing that. This means that they can take your $1000 today, and wait for a BTC price drop to buy the amount that you were supposed to have. In the meantime you will only have a number on your account that represents the amount that they were supposed to buy. This way the entity can make a ton of money, and it is the primary reason why withdrawals are not allowed instantly.
