It’s true Saylor brought the discussion mainstream, but he also coopted the narrative and is clearly pushing for it to be used a database rather than money.

He tells people not to spend it and to borrow against it. He advocates to stop making changes (because then bitcoin could serve more people as a currency). He preaches “trust; don’t verify” by laughing at self custody and mocking proof of reserves while touting an audit by other mega corps instead.

He tells everyone the work is already done and there’s nothing else to do but buy bitcoin in their brokerage or bank account and leave it there: literally the exact opposite of the lesson the whitepaper taught us.

Bitcoin has no value unless it’s being used by as many as possible. As decentralized as possible. A world where 10 governments, 20 banks, and a few hundred companies own the vast majority of bitcoin is a complete failure of the mission and yet if you follow his lead that’s the world you end up in.

I’ve had friends tell me they’re not spending their bitcoin. HODL they say. And yet they’re spending their fiat nonetheless. They’re still spending money but can’t bring themselves to use bitcoin for purchases because this influencer “super maxi” says not to.

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I feel mostly the same. I listened to him talk a bit recently and he's coming across increasingly egotistical. I've no idea why people are so mesmerized by him. The roots of this cult of not using bitcoin and thinking it a virtue go back to before he turned up, though.

Saylor is just the right voice for the right time in the adoption curve. The journey and battles for MOE supremacy will bring other voices to the surface.