yes - bitcoin was NEVER created for INSTITUTIONAL or CORPORATE use microstrategy - so Saylor HIJACKED the poor man's chain in some way - Poor always remain poor since they never are early adopters or holders
#p2p #bitcoin #satoshi #original #vision
Michael nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m does not want Bitcoin to be a P2P digital currency that destroys central banks. He wants a rock that he can cash in for CBDC tokens in the future.
Saylor has said several times that Bitcoin will not be a currency, but an important commodity for the US dollar.
He also doesn’t want Bitcoin to have private transactions and ownership. He worries this will threaten the establishment, and explicitly says if you want privacy, "maybe you want to buy a Monero".
Which means Saylor does believe there is a "second best", and Bitcoin is not a threat to the establishment. Bitcoin needs to absorb all functions of shitcoins on L2s and make them obsolete.
This is probably why Saylor doesn’t like #drivechains. If the chain splits, I expect Saylor and BlackRock to pump the hard fork without drivechains. I’m staying with Bitcoin.
Discussion
I don’t mind if corporations use Bitcoin. I want it to be the world’s money. But for the plebs, we need a decentralized L2 with cash-like privacy and scalability. This needs to be something we are comfortable with storing the majority of our wealth into. I don’t want my life savings to be on Wallet of Satoshi when I cannot afford L1.
any pow public chain - anyone can attempt to take majority control of hash node hodl etc and try to corner or dictate the market like they do in fiat world. nobody that stop it except to stay vigilant and SWAP OUT n dump on any sign weakness / fault / deterioration - be it dollar bitcoin or gold
take gold market example - it is in CAGED n ENSLAVED by bankers - real psychical gold plays insignificant role in that - hope bitcoin industry dnot fall in SAME trap