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![thekaspaonion Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1874382384461660160.png) The Kaspa Onion [@thekaspaonion](/creator/twitter/thekaspaonion) on x 1351 followers
Created: 2025-07-18 19:16:26 UTC

If you think about it…
BlackRock’s iBit ETF is literally a layer X for Bitcoin.

Custodied

Off-chain settlement

No self-custody

It’s paper Bitcoin.
And everyone’s fine with it.

But a scalable, decentralized L1 like Kaspa?
That’s “too risky.” 😂


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946287966688624693/c:line.svg)

**Related Topics**
[decentralized](/topic/decentralized)
[coins layer 2](/topic/coins-layer-2)
[fund manager](/topic/fund-manager)
[ibit](/topic/ibit)
[kaspa](/topic/kaspa)
[coins layer 1](/topic/coins-layer-1)
[coins pow](/topic/coins-pow)
[coins made in usa](/topic/coins-made-in-usa)

[Post Link](https://x.com/thekaspaonion/status/1946287966688624693)