Michael Saylor’s advice for young people:
1. Focus your energy
2. Guard your time
3. Train your mind
4. Train your body
5. Think for yourself
6. Curate your friends
7. Curate your environment
8. Keep your promises
9. Stay cheerful and constructive
10. Upgrade your world
This is #bitcoin.
11. Use coinbase custody solutions ™️ and do not hold your own keys
12. Trust everything you hear in the media.
😂 mstr is a publicly traded company and they have to disclose who their custodians are. Of which one of them is coinbase. Mstr doesn’t hold keys.
Not a good look simping for Saylor. Hope you figure it out.
Being a publicly traded company, I’d think they use that for regulatory purposes. However, Saylor himself uses self custody.
In any case, I think Saylor is doing a tremendous amount of good. You can think I am a simp. I don’t care. I hope you figure it out.
Supporting and utilizing a known enemy of Bitcoin (coinbase) is unforgivable imo. He’s a smart guy but feels very fiat. Bitcoin mag friend and non key holder - that’s a big no from me dawg. He’s going to do what he does but is no idol.
I can see what you are saying, but it doesn’t seem as black and white to me.
Since we don’t see things the same way, I’m genuinely curious, what would you have done differently if you were in his position?
I would’ve had MSTR create a proprietary multi sig setup and distributed / held keys responsibly. With their resources they could setup something completely secure and result. Maybe let unchained hold one key. And a couple other major institutions preferably in different nation state jurisdictions to diffuse state confiscation risk. Would’ve made addresses public as they were acquired for transparency and so shareholders could verify their claim per share of total MSTR holdings at any time. And I would have MSTR run public nodes that all tx’s were broadcast from.
You would expect them to be able to outrun counter party risk right? And we can’t see their insurance and or disclosures from coinbase either. Maybe it’s a multigsig setup, perhaps there proof or reserves included in the deal etc. Bit too quick to say its a bad setup by definition. Im happy they went for it when they did and the way they did it
Bitcoin is just bitcoin tbh
Care to elaborate?
Yeh sure Bitcoin is just Bitcoin and none of the things that you refer to are. They are very nice and important things, they are not bitcoin. What’s also not bitcoin:
- red meat
- guns
- any political view
None of these thing, or the things you mention are either in the Bitcoin protocol or in the white paper.
So let’s stop pretending those kind of things are Bitcoin. They are nice things, not Bitcoin. What do you think?
I get what your saying. I agree that Bitcoin is not red meat, guns, or a political view. I believe it’s the opposite of those things.
What the original post meant to me is Bitcoin is more than number go up technology. It is a take down of the fiat mindset, and I’d define the fiat mindset as the exact opposite of that list.
Yes, none of that is in the white paper. We’ve been able to ponder the importance of Bitcoin for over a decade, and we know that p2p will have more of a benefit than what the white paper states. We are extrapolating on Satoshi’s idea.
Bitcoin represents taking care of self, and helping create a better life for others. Fiat mindset is selfish, it’s violence to the body and to the world, it is oppressive. It is guns, red meat, and politics.
Now, I get that some hold Bitcoin to trade back to fiat when it increases in value. However, I think that is a mistake and there is something larger at play.
