Matt Corallo, “a long-time developer of bitcoin”, posted a comment to the United States Securities and Exchange Commission (SEC) regarding a “proposed rule change relating to the listing and trading shares of the Bitcoin Investment Trust [(BIT)] under NYSE Arca Equities Rule 8.201.” In the post, Corallo expresses “grave concerns” pertaining to “the lack of consumer protection” afforded to investors in the event that the bitcoin network is forked. The comment has generated mixed reactions on social media, with some accusing the developer of appealing to the very institutional apparatus that bitcoin originally sought to circumvent and undermine.
