No, my argument was the right way around. If they care about the dollar value of the money they produce (which they obviously do, otherwise they would not sell it), then they should care about the destruction of the use cases that make the money attractive to those who hold it.
They don't have to personally care, they just have to worry that we care. Even if only a subset of us abandoned their efforts, the dollar purchasing power of their money would quickly collapse.
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Anything that became known as "Coinbase Pseudodollars" would lead to a hard fork. Why would anyone, who is using Bitcoin to diversify away from the USD, then stick with the USD fork?
A Bitcoin that is US government controlled has no value proposition. It's just eDollars. Fedcoin.
But both censorship resistance and spending use cases are not the desirable reason that micro-strategy, ETFs, and those that buy ETFs care about. They may in fact believe their Bitcoin to be "cleaner" and therefore more valuable in their eyes.
But the point comes down to, don't be too relaxed. It takes vigilance to maintain what we have here.
