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Comte de Sats Germain

At what point do we start to say MicroStrategy's #bitcoin holdings constitute a systemic risk to the bitcoin economy?

50% of all the bitcoin?... 10%?

Are we okay with one mega company dominating the entire world? What does that say about our values?

Are we okay with anyone wanting to start a business going to MicroStrategy for a loan?

JackTheMimic 1y ago

I don't see what the issue is here. Are they using their bitcoin holdings to pay for wars? To pay assassins? To buy up market goods and destroy them? Of what risk do you speak?

Bitcoin is money. They are no more dangerous to the network than you are with your stack. Bitcoins is just stored value. How they deploy the value is either better or worse for them and involves no one else.

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Discussion

Comte de Sats Germain 1y ago

Extremes illustrate the point. What does the world look like if they own 99% of the btc, while the remaining 1% is transacted and used as currency?

halalmoney 1y ago

If Saylor isn’t a state operative, won’t the state come after MSTR for market manipulation / cornering the market?

Comte de Sats Germain 1y ago

If he isn't a state operative now, he will be when they sit him down for a conversation. He won't have a choice.

halalmoney 1y ago

Hmmm. Maybe that’s why they are letting him go ahead at full speed.

Comte de Sats Germain 1y ago

What are they doing to slow him down?

JackTheMimic 1y ago

The same I guess? Because of the divisibility of BTC the world could run on a single bitcoin if you wanted. The divisibility doesn't stop at 8 decimal places.