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Honest question, why do people hate on Michael Saylor. I’m pretty new to Bitcoin and learning, so please no judgement just help me understand. Thanks.

DRE 8mo ago 💬 2

Some people are very ideological about Bitcoin, so they don’t like him because he buys Bitcoin for his publicly traded company using tools they disagree with. These are the Bitcoiners with socialist tendencies and the irrationally paranoid cypherpunk wannabes.

Other people don’t hate him, but constantly criticize him for not doing proof of reserve or not being on board with compulsory funding of Bitcoin developers that focus on things other than maintaining the protocol.

And others are just salty that MSTR, the stock of his company, has significantly outperformed Bitcoin since they implemented their Bitcoin strategy in 2020.

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Discussion

d93be66c... 8mo ago

Bitcoin is magic

Leanne Martell 8mo ago 💬 1

Thanks for taking the time to answer. In trying to understand bitcoin I have listened to interviews with him and thought he was so intelligent and I understand his position. I’m learning that there are Bitcoiners and Bitcoiners. Not just one community. Truly learning something new every day.

DRE 8mo ago

You’re welcome. Most people see him as a net positive, but you always have the haters, as with anything else. His early interviews are pretty epic, a great way to grasp the magnitude of what’s going on. In my opinion, ‘the community’ is less of a thing every day that goes by. Early on, there was a distinct community with individuals that had aligned ideologies and incentives, but as Bitcoin has grown and people with different views enter the space, the community has fragmented into niches and subgroups. There is no Internet community, and pretty soon there won’t be a Bitcoin community.