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Here is the Saylor message in a nutshell at Bitcoin Atlantis

Saylor's vision for bitcoin appears to repeat the 100 year fiat-credit money cycle on bitcoin rather than gold. This is finally clear. Ford warned us of these people, the bible warned us of this wrong-think, Jackson warned us we would be stripped of generational land by central banks. Saylor points out the problem: people losing their farms to inflation, taxation, unlimited government power fueled by fiat credit, but he proposes to perpetuate it. Saylor's plan is to sail off with all the bitcoin, we will be left holding bags of fiat tokens created on debt.

I smelled something wrong about Saylor all this time, but couldn't put my finger on it. This botched half-ass presentation showed us without his pants on. Not everyone that gets out in front of bitcoin is good for bitcoin. The message is freedom, not legalized financial swindals enabled by massive government, puppet courts, and public debt.

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Discussion

Edward 1y ago

Slay your heroes

Base Layer Capital 1y ago

👎

Moon 1y ago

I think this is always been fairly obvious about Saylor as he using fiat corporatism to fund his entry into Bitcoin.

Generally speaking, this is just Boomer fiat institutionalism (this is not antagonism against Boomer but calling out one of their major faults as a polity, economic actor group) - they simply cannot imagine a world without institutions required to manage and approve everything.

They will do everything they can to shoehorn Bitcoin into an institutional box because for them the institutions is required. It is how they know that something is “good” and “safe” and not scary.

And because of this I think most Boomers will NEVER actually get bitcoin. They’ll buy dollarized “Bitcoin instruments” and think themselves geniuses. It will never occur to them that they’ll be leaving their progeny with little more than smoldering trash in this regard.

It is why I have taught my elders self custody. I have watched it liberate them out of thinking that Social Security will provide for their later years. Now they stack for themselves and they stack for their grandchildren’s children.

curt finch 1y ago

how are those elders handling passing it on to the next generation ?

because that's one of the harder things about being your own bank I think

Moon 1y ago

Rebuilding Inter/mulitgenerational trust. Consider ways to share custody with your elders as they will be trusting / entrusting you with the bitcoin once they are gone, there’s little reason to wait until the actually are gone to be the point of continuity / transfer.