Bitcoin is a currency
Saylor can fuck off
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
Discussion
yes
it is for me
currency is a stupid word, it's basically money, MUH NEEE
the whole reason why it has the "coin" in the name is that the word MONEY means COIN and COIN is a trustworthy intermediary because its supply DOESN"T FUCKING CHANGE SUDDENLY
before all the fancy tech of today, most of the time, gold supply was pretty slow at growing, and still is, but now, it can sometimes sharply increase simply because there is more people out prospecting than ever before in recorded history
bitcoin solves that problem, and this is one of the things that makes the goldbugs like Schiff chafe so much about bitcoin they have to fud it constantly
also, "currency" is a fuzzy term for moneyness, the proportion of the population who will accept it as payment, bitcoin is not far behind the top 4 major currencies for this property, sorry #notsorry
I don’t think Saylor actually believes that. On some occasions his mask slips a bit and he says the quiet part out loud. Like the time when he was bashing the “paranoid crypto anarchists” and said the war for money is won by money. If he doesn’t believe Bitcoin is money, why would he say [Bitcoin] is waging a war for money? I think he understands his ever growing role in making Bitcoin mainstream and he’s careful not to piss the wrong people by endorsing a dangerous narrative that Bitcoiners understand well, but the rest of the world hasn’t yet caught on: that Bitcoin is money and has all the capabilities of the best money. And it doesn’t matter what frame you’re going to put it into, the tech doesn’t care. If you can use it in a certain way (for example as a MoE) people will use it and you can’t convince them not to by simply swapping terms. Eventually, when the world catches on what Bitcoin is, it will be too late to worry about the threat for the dollar, because at that point no one would accept it for payments.