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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