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Replying to Avatar HoloKat

IF Saylor is actively discouraging development, my theory on that is that he probably fears the "bitcoin as currency" narrative so much because that invites a shitstorm from US govt. and he probably thinks it will set back "bitcoin is an asset" narrative in some way that meaningfully hurts his investment.

Stopping development might be beneficial to him as it halts any potentially regulatory challenging developments. To him, bitcoin is good as it is and it doesn't need any new development. He's probably thinking "leave it the f alone!".

Just a theory, hinging on a big IF. I don't know what the reality is.

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Seth 1y ago

I would speculate that he is trying to leverage his position to have a greater moat around the development through regulatory capture. A theory, and this is what the titans of the past have done, but the past doesn’t predict the future.

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HoloKat 1y ago

Yeah, I could see that being the case.

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