Michael Saylor thinks #bitcoin is #capital, not #currency, and would like to see the world adopt the digital U.S. dollar as #money instead.
I vehemently disagree with his perspective.
My latest for nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu.
https://bitcoinmagazine.com/takes/michael-saylor-doesnt-understand-bitcoin
great article.
unfortunately a currency with a fixed immutable supply will always strongly incentivize maximizing your hodling,
and conversely incentivize minimizing spending.
although there's probably progress to be made in attitude and Bitcoin culture,
the incentives are what they are.
Thank you and thank you for taking the time to read and comment.
Agreed. This is what makes #bitcoin good capital.
The part many aren’t taking into account in their responses to this article, though, is that the #Bitcoin network can be used permissionlessly, which will be increasingly important as we move into the age of CBCDs and which is already important in an age where digital dollar transactions (including those in which USDT or USDC are used) can be and are censored.
as I know you already know
if it isnt possible for users to easily and cheaply get privacy on Bitcoin,
and the Cantillionaires are highly incentivized to control the on/off ramps to prevent escape from the system that they control,
they can prevent people from making self custodial p2p transactions and undermine that censorship resistance.
