At what point do we start to say MicroStrategy's #bitcoin holdings constitute a systemic risk to the bitcoin economy?
50% of all the bitcoin?... 10%?
Are we okay with one mega company dominating the entire world? What does that say about our values?
Are we okay with anyone wanting to start a business going to MicroStrategy for a loan?
Unless everyone doing business with MicroStrategy demands payment in #bitcoin , MicroStrategy will effectively be an attack on bitcoin. What do they even buy? Will that bitcoin ever be circulated as money? How?
Michael Saylor is an agent of the state, attacking bitcoin. Prove me wrong.
I don't see what the issue is here. Are they using their bitcoin holdings to pay for wars? To pay assassins? To buy up market goods and destroy them? Of what risk do you speak?
Bitcoin is money. They are no more dangerous to the network than you are with your stack. Bitcoins is just stored value. How they deploy the value is either better or worse for them and involves no one else.
Extremes illustrate the point. What does the world look like if they own 99% of the btc, while the remaining 1% is transacted and used as currency?
If Saylor isn’t a state operative, won’t the state come after MSTR for market manipulation / cornering the market?
The same I guess? Because of the divisibility of BTC the world could run on a single bitcoin if you wanted. The divisibility doesn't stop at 8 decimal places.
Buy-N-Large
Systemic risk? How?
