RE: BTC4 Jul 2023 10:39
My guess is that a challenge will be made by the Bitcoin Association for BSV on the SEC which would be enough to shock Bitcoin Core to it's Core ;-)
The Bitcoin Association for BSV wrote an open letter to the SEC & Congress this year so they are already making ripples;
https://www.bitcoinsv.com/an-open-letter-to-the-sec-and-congress-on-digital-assets
BlackRocks ETF application (Page 24) noted that being 'numero uno' might not be the rational defining their Bitcoin ETF;
'In the event of a hard fork of the Bitcoin network, the Sponsor will, as permitted by the terms of the Trust Agreement, use its sole discretion to determine, in good faith, which peer-to-peer network, among a group of incompatible forks of the Bitcoin network, is generally accepted as the Bitcoin network and should therefore be considered the appropriate network for the Trust’s purposes. The Sponsor will base its determination on whatever factors it deems relevant, including but not limited to, the Sponsor’s beliefs regarding expectations of the core developers of bitcoin, users, services, businesses, miners and other constituencies, as well as the actual continued acceptance of, mining power on, and community engagement with, the Bitcoin network, or whatever other factors it deems relevant. There is no guarantee that the Sponsor will choose the digital asset that is ultimately the most valuable fork, and the Sponsor’s decision may adversely affect the value of the Shares as a result. The Sponsor may also disagree with Shareholders, the Bitcoin Custodian, other service providers, the Index Administrator, cryptocurrency exchanges, or other market participants on what is generally accepted as bitcoin and should therefore be considered “bitcoin” for the Trust’s purposes, which may also adversely affect the value of the Shares as a result.'
https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm
BTC not actually being Bitcoin obviously appeals to my contrarian view of pretty much everything lol
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