Currency is not a creation. Currency is something accepted for majority as mean of exchange starting from something that someone created(man or nature). It could be gold, peanuts or bitcoin. I believe it will be bitcoin for logical reasons. But we are yet far away from that.
Discussion
You are correct. But at the same time it’s already being used as currency by people all over the world. And it’s one thing to say it will eventually be used as currency and another to say it’s not currency.
Enjoyed your article nostr:npub1dnzzyhmewrzkh862z7z2shwmhh5htx0rvkagepj2fkgst9ptwg3qj4x52h and don’t necessarily disagree with where you are coming from, but I think Saylor is pretty smart. He knows the US is a long way from really having to consider Bitcoin as currency, and hence the conversation is a needless distraction whilst the volatility is still this high and Gresham’s law is in full display.
Perhaps he’s a bit disingenuous with some of his framing - but I think we forget how few pro Bitcoin executives of large corporations we ever hear speaking. As a different example have a look at Saylor’s comments on the US election before it happened - there essentially weren’t any.
Thank you for taking the time to read and share your thoughts.
I hear where you’re coming from and have considered your point. To speak to your point about the election, I wish Saylor took the same approach here - Don’t say anything.
Also, I’d ask you to consider one important thing. What if this really is his plan? And what if he’s speaking on behalf of the state to some extent. Shouldn’t we be pushing back if that’s the case?
Thanks Frank - these are good questions. I am an interested stakeholder as a MSTR shareholder. Based in the UK, I like many over here have no other Bitcoin related proxies to match MSTR within a pension. This fact has pushed me into a higher MSTR exposure than I’d rather have, relative to Bitcoin, and the risks are somewhat higher in many ways.
Fully agree with your right to push back on narratives, and of course limit the power of the state. It might be most prudent to assume he was pretty connected and act accordingly. An aside, but one thing that reassures me as a current shareholder is MSTR’s recent Bitcoin principles slide and the transparency of that long term plan. Saylor provides all the right signals in this respect, though of course it doesn’t concern the exact areas under debate here.