To think that it's controlled is to think that there will be no innovation as it moves forward.
It isn't money. But yes, it is a tool.
I just recorded a short video response to some of the concepts discussed in this thread. I plan on doing a lot more, and refining my technique. I want to keep the thread alive as long as people are interested. and I appreciate all of the good faith dialogue back and fourth on this topic.
I kind of feel like with my limited time I will do better budgeting an hour or so a week to do a short video dialogue with a friend of mine to respond to some of the things being discussed here, as opposed to typing out a response I guess is what I am getting at.
Saylor was the CEO and still board chair of the most successful company of the last 4 years. An engineer graduate of MIT, and has an engineer’s mind, rare for a C suite suit. He is wrong about some things, but also right on many.I think Alaskanon what meant is having multiple value assets (e.g. Gold, metals, bullets) and non-valuable assets (e.g. friends, bartering, life skills) similar to forex normies owning multiple currencies to hedge themselves. He is a metals bloke too after all. Of course, he could explain it better if he ever joins this forum.
But I do challenge XMR's inability to be a store of value compared to BTC. It has a cap 0.6 newly minted XMR per block mined, which about 200,000 new XMR per year, close to BTC. The only difference is the supply cap. XMR can be a good store of value too.
Also, that twat Saylor is NOT a practical maxiIf anything, he destroyed Bitcoin's pathos and ethos of what it was original meant
How has he destroyed anything about bitcoins pathos or ethos? - he is doing exactly what the smartest people do when soft money competes with hard money - borrow the soft money to buy the hard money.
Hugo Stinnes became the richest man in the world by doing the Saylor playbook in the 1920s.
Inflation : Who was Hugo 'The Inflation King of 1920's Germany' Stinnes?
What’s Going on with Money Printing?At the time of writing this article, newly minted president Joe Biden has announced another stimulus package in the amount of $1.9 Trillion dollars. Trillion with a Capital T! A Trillion dollars (let alone almost 2) is a freaking lot of money. A Trillion...
www.wealthplaybook.ca
Video below explains the StrategyB strategy very well.
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That is true but he also overplayed his hand at some point and lost a lot of money. He certainly didn’t die the richest man.
Based_Christian_Dude
Catholic
Saylor was the CEO and still board chair of the most successful company of the last 4 years. An engineer graduate of MIT, and has an engineer’s mind, rare for a C suite suit. He is wrong about some things, but also right on many.
How has he destroyed anything about bitcoins pathos or ethos? - he is doing exactly what the smartest people do when soft money competes with hard money - borrow the soft money to buy the hard money.
Hugo Stinnes became the richest man in the world by doing the Saylor playbook in the 1920s.
Inflation : Who was Hugo 'The Inflation King of 1920's Germany' Stinnes?
What’s Going on with Money Printing?At the time of writing this article, newly minted president Joe Biden has announced another stimulus package in the amount of $1.9 Trillion dollars. Trillion with a Capital T! A Trillion dollars (let alone almost 2) is a freaking lot of money. A Trillion...
Video below explains the StrategyB strategy very well.
As we talked about already, Bitcoin is suppose to be Peer-to-Peer digital cash with the hard money properties of course. Michael has repeatedly encouraged people to not self-custody their wallet keys (there are rumours that even MicroStrategy doesn't self-custody). He also wants to bridge governments and bitcoin together and even encourages regulation. This would easily turn Bitcoin into a CBDC-lite.
Saylor's Latest Remarks Shock The Bitcoin World: What He Said
In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his
web.archive.org
Ironically, MicroStrategy doesn't appear to accept BTC as payment for it's other business analytical products last time I checked.
Based_Christian_Dude
Catholic
How did he lose his wealth?
What bitcoin is supposed to be is irrelevant. It exists and individuals must adapt. It is peer to peer money but it is so much more than that alone. Individuals must decide what to use it for - it is a tool: just because a hammer is for nails, doesn’t mean you can’t use it to do other things.As we talked about already, Bitcoin is suppose to be Peer-to-Peer digital cash with the hard money properties of course. Michael has repeatedly encouraged people to not self-custody their wallet keys (there are rumours that even MicroStrategy doesn't self-custody). He also wants to bridge governments and bitcoin together and even encourages regulation. This would easily turn Bitcoin into a CBDC-lite.
Saylor's Latest Remarks Shock The Bitcoin World: What He Said
In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his
Ironically, MicroStrategy doesn't appear to accept BTC as payment for its other business analytical products last time I checked.
Gunpowder existed and was used in rockets, long before it was called gunpowder, because guns hadn’t been invented yet. There is no central planner that is going to mandate how you use it, just like Linux…use it in your computer, in your phone, router - bitcoin is like that but even more versatile.
It is not a consumer product controlled by a corporation or government - it is simply an idea unleashed and free, open source protocol. Do you think the TCP/IP developers envisioned Netflix, or Uber, or Amazon, or AI agents, in 1970? None of which is possible without a common communications protocol. That’s just communications - now how does open source money - which is nearly 1/2 of all human cooperative action, change things? No one knows, but it is probably profound.
The link you posted about Saylor is broken. I highly doubt that he encourages people not to self-custody…don’t believe everything you read on the net.
Governments + bitcoin is inevitable. Bitcoin is for everyone, including enemies. I would rather USA be a first mover on this than China.
Why would any business in the US accept bitcoin as payment? There is little advantage to doing so, at the expense of a tax accounting nightmare.
Lastly: just because Saylor is wrong about some things, doesn’t mean he isn’t right about others. Maybe he is just lying about some things - I don’t blame him for that either. Governments are much too powerful still, and he has a lot to lose. It’s easy to be a rebel when you’re poor.
In summary: seeing bitcoin as peer to peer cash, as a tool to save 3% PayPal fees, is like seeing the internet as a great way to save on long distance telephone bills. It does that, yes, but you’re missing the forest for the trees.
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Based_Christian_Dude
Catholic
But there are other crypto competitors of BTC already doing these profound futuristic ideas aside from the currency-aspect of cryptocurrencies. For example, despite the flaws and Vitalik's eccentricity, Ethereum already has the technology and does all of that with multiple tokens (for whatever purpose) are based off of ETH's source code.
The archive link is working for me. Here's the direct link to the original:
Saylor's Latest Remarks Shock The Bitcoin World: What He Said
In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his
bitcoinist.com
But anyways, Saylor did later backtack about the comments in the interview. Regardless of Bitcoin, this Saylor lad is very questionable.
Everything involving crypto is questionable because it is not simple or easy to explain to a 5 year old. This is how we know the jews are involved and control BTC and the whole "out of thin air" crypto invention that started a mere 16 years ago. It is the same complicated scam (((they))) created with lawfare, finance, taxation, and insurance. It literally takes four year degrees at minimum to understand these fields of jewish usury that were designed to fleece the working poor (much like the 128 pages it takes here to go over the ins and outs of BTC and crypto). One has to literally dedicate a significant portion of one's life "studying" crypto (gambling) for it to be reliably profitable which is a feature, not a bug. The jews want you to spend your entire life focused on and worrying about money and not your family and hobbies. Anything to suck the joy out of life. The crypto scam, like gambling and alcoholism, has already ruined countless lives. Sure, there's some winners, but they are the exception, not the rule.
See, I know the jews don't control the wad of cash in my pocket or the gold in my safe because they don't even know I have it, much less can they track it or control what I buy with these very tangible, simple to use/understand, liquid assets. Cash is king, and possession is 9/10ths of the law. Don't believe the complicated hype. The best things in life are simple and free.
They aren’t doing anything useful except stealing wealth from desperate people and gamblers. Nothing. ETH, Filecoin, Worldcoin and Trump coin are all the same…except at least Trump coin is honest about what it is.
The archive link is working for me. Here's the direct link to the original:
Saylor's Latest Remarks Shock The Bitcoin World: What He Said
In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his
But anyways, Saylor did later backtack about the comments in the interview. Regardless of Bitcoin, this Saylor lad is very questionable.
Why is he questionable? What specifically?
Agree with you on gold…but cash? Do you know how many government money’s the USA used to have that are now worthless, not to mention every other country (most recently India demonetizing the 500 and 1000 rupee notes.
You cant really regulate Bitcoin, the actual system, you can regulate everything outside and around bitcoin, exchanges, apps, banks, etc etc but Bitcoin itself no single country or person can regulate it and Michael Saylor of all people knows this very well.As we talked about already, Bitcoin is suppose to be Peer-to-Peer digital cash with the hard money properties of course. Michael has repeatedly encouraged people to not self-custody their wallet keys (there are rumours that even MicroStrategy doesn't self-custody). He also wants to bridge governments and bitcoin together and even encourages regulation. This would easily turn Bitcoin into a CBDC-lite.
Saylor's Latest Remarks Shock The Bitcoin World: What He Said
In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his
Ironically, MicroStrategy doesn't appear to accept BTC as payment for it's other business analytical products last time I checked.
The downside to any other crypto outside of Bitcoin is that they have CEOs and individuals who can be kidnapped, if the bad guys get hold of the power and control the CEO had then its game over, they cant do that to Bitcoin and I value that very muchBut there are other crypto competitors of BTC already doing these profound futuristic ideas aside from the currency-aspect of cryptocurrencies. For example, despite the flaws and Vitalik's eccentricity, Ethereum already has the technology and does all of that with multiple tokens (for whatever purpose) are based off of ETH's source code.
The archive link is working for me. Here's the direct link to the original:
Saylor's Latest Remarks Shock The Bitcoin World: What He Said
In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his
But anyways, Saylor did later backtack about the comments in the interview. Regardless of Bitcoin, this Saylor lad is very questionable.
Its not really made out of thin air, its invisible yes but so is electricity invisible, Bitcoin miners have to convert electricity (energy) to mine coins, us who arent miners have to exchange our labor, our hard earned fiat currencies which is our energy if you think about it into Bitcoin, so technically its not out of thin air at all there is an energy exchange
Or the one time the US government made gold ownership illegal and confiscated gold from the citizens
Based_Christian_Dude
Catholic
I was just giving an example. Of course, scammers and retards ruined the image of ETH and there's potentially better alternatives to ETH that I don't know about. But regardless, BTC claims it's innovating, but the speculations haven't even been attempted yet while other cryptos have. It hasn't even fulfilled it's original purpose of digital cash while Monero has.
A bunch of things! One that comes to mind immediately is he encouraged individuals to leverage BTC on home mortgage loans. Ironically, his company almost had a margin-call on his BTC around that time.
But Michael was originally encouraging folks to use big banks as custodial wallets for holding Bitcoin. It doesn't matter that your cryptocurrency is dencentralized if much of the supply are held in instituitions with the power to blacklist your address and watch the address' activity with scrutiny. The governments could still come after the individuals without the need to control Bitcoin's mining.
Thats not really regulating bitcoin though, by the sound of that it sounds like Michael wants banks to accept Bitcoin and actually start using it the same way they use Fiat money which is fine I guess, they still cant really interfere or control Bitcoin though, even if they can see your address they dont have any power of confiscating your bitcoin, I dont think its a good idea to give the bank your bitcoin keys though because then you have basically given someone else authority over your account thats suicide.
There is a possibilty of the banks corrupting bitcoin but it would be a HUGE effort, for example, if the banks managed to convince every single bitcoin holder to sell their bitcoin to them and also hand in all the bitcoin miners from all over the world, then if every single bank all over the world simultaneously agreed to this plan and if every citizen around the world also agreed to this exchange then that would mean the banks acting as a single entity would own every single bitcoin and miner and then they could change bitcoin this way and could lead it down the wrong path for their own benefit BUT thats highly unlikely to happen, thats a HUGE scheme, in the book the Bitcoin standard it mentioned that bitcoin has never been hacked but theres still a possibility of sometime in the future for an advanced AI system that might be able to reverse the mathematical blockchain code somehow, that has yet to happen, theres always the possibility but that can apply to all money including our fiat bank accounts which actually happens all the time and is much easier to do.
Based_Christian_Dude
Catholic
Yes, no one can confiscate your bitcoin as long as the malicious miners aren't the majority controlling the hashrate, but even governments wouldn't need direct control of Bitcoin anyways to control targeted individuals. Majority of the population are normies (including businesses) who would gladly give their keys to custodians for convenience just as most of the world took mRNA vaccines for convenience. Many exchange runs and collapses have proved this as well. Since Bitcoin is a public chain, those inside the system interacting with those outside will face scrutiny. Chainanalysis tools have already put a few individuals into prison. Sure they can't access the coins, but they can access you and know about your wallet's activities.
Puerto Rico Court Fines Man $10K Daily for Refusing to Surrender 119 Bitcoin – Legal Bitcoin News
A federal court in Puerto Rico has held Juan Carlos Reynoso in contempt for refusing to surrender 119.65 BTC.
Globalhomo (which includes big banks) have already corrupted Bitcoin. They psyoped the community into refusing to fixed the scalability issue by allowing more bigger block sizes. By not fixing it, this allows "solutions" to settle transactions offchain. That's why there was a big Bitcoin civil war back in 2017 and there's two forks of the Bitcoin project: BCH and BSV.
Anyways, getting back to Saylor, he's not a good man regardless of whether you like Bitcoin or not. The fact he is encouraging wallstreet to get into Bitcoin should not be applauded.
Also, the image of him holding the "Bitcoin commandments" is cringe