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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.

Dr. Fernando Morales 1y ago

I believe in the narrative that bitcoin doesn't care what we do. If Saylor is actively threatening companies and individuals, then that's clearly a violation of the non aggression principal and he should be shamed/punished for that. However, I think it's best to wait for proof before condemning him to hell haha.

On a side note, I honestly don't see how all this peer pressure is going to help bitcoin at all. Looks like a bunch of socialists telling the rich how to best spend money, simply because it's the "right" thing to do. Again, bitcoin doesn't care if Saylor puts in a billion into FOSS or not.

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Discussion

HoloKat 1y ago

We don't care if he doesn't fund development, but if he is actually trying to stop others from doing so, I do care.

Dr. Fernando Morales 1y ago

I agree with that.

Chad Lupkes 1y ago

I don't care what HE spends money on. I care that he is influencing others on how they spend money.

Dr. Fernando Morales 1y ago

If by influencing you mean using violence or the threat of it, then yeah, totally agree and he should face the consequences. As far as I know, it hasn't been proven yet that he's done what he's being accused of. But In the grand scheme of things, I don't see the "influence" of particular individuals or companies being of much importance to bitcoin in the long run, just look at the block size wars.

My response was also mainly directed at those who have been beating the socialist drums of Saylor having to donate to bitcoin open source projects because of reasons and "it good", this was happening well before this current rumor/event. To them I'd say mind your own business.