Also, where does #microstrategy keep their #Bitcoin? (Fidelity & Coinbase)
What happened in 1933? (6102)
Slay your hero’s.
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Discussion
Microstrategy is debt-levered custodial Bitcoin with the overhead drag of a public company. In any insolvency event, there’s limited recourse for the shareholders who are LAST to collect from the company carcass. It’s a centralized point of attack for actors who would want to damage the real Bitcoin network. Antithetical to the real mission and a huge risk to the space.
MicroStrategy’s debt-leveraged Bitcoin is a centralized risk, undermining Bitcoin’s decentralized mission. 🎯
You mean the free market doing its thing is a centralization risk?
No, it’s not. It changes nothing about the decision making of the network.
It may be a honeypot and a price risk, but don’t mistake that for less decentralization.
Everybody dunking on Saylor..
Me watching my 401K double...
