I listened to the whole podcast that I just posted. It was not just clips and snippets. He trusts institutions and does not believe Bitcoin is here to replace fiat currency. He’s quite clear about it. Listen for yourself. I don’t have some black and white answer for those two guys. I have gray, nuanced views on both of them where I agree and disagree with both of them on a wide range of issues.
Discussion
He’s the CEO/founder of a publicly traded company.
Also, BTC isn’t replacing fiat any time in the next 100 years. He lives in reality. That is reality.
BTC is a SOV. Digital real estate. Convertible to local currencies. And it will be for a looooooooong time.
“BTC isn’t replacing fiat any time in the next 100 years.”
Not with *that* attitude it isn’t… 🤩
I don’t spend BTC. It’s a beautiful SOV.
Personally I think it will happen within 20 years, but even if it is 100, he is still wrong in his conclusion. You cannot have a “store of value” without that fundamentally meaning it is a medium of exchange at some point in the future, even if you have a wasteful layer of fiat currencies intermediating that exchange. You store value to exchange it for something else later. Bitcoin is money. Period. End of Story. He also thinks trusting institutions is a perfectly acceptable risk.
He wants to be a bank. Now do you get it?
He’s also tearing apart the fiat system by exploiting a little loophole to acquire more BTC.
Now do you get it?
What would you say? FUCK THE GOVERNMENT. FUCK TAXES. FUCK FIAT.
I’m not saying he’s obfuscating his true beliefs, but what he is saying is wrong and will potentially get a lot of people rekt. He is either wrong or lying. I don’t like either.
It won’t get me rekt. Will it get you rekt?
And you may overestimate how LITTLE I care about others getting rekt.
It won’t get us rekt because we aren’t listening to him. Others will though. I would prefer not to see others rekt.
Now ur being dishonest.
Do you shed tears for your shitcoining brothers?
I am sorry that they are doing something I fundamentally disagree with, the same way I feel bad for people that legitimately believe war is a good thing or masks work or whatever stupid ideology they ascribe to that is demonstrably wrong. I don’t find the consequences of their actions undeserved, but I genuinely wish they didn’t go down those paths.