SAYLOR PUBLISHED HIS DIGITAL ASSETS FRAMEWORK YESTERDAY.
THOUGHTS?
Discussion
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I only care about my strategic bitcoin reserve framework.
Probably retarded, not gonna bother reading 🫡
Retarded or not, its good to know the rules of certain games.
eh
There maybe 2nd best?
I think he's playing the game even though he knows 99% of "digital assets" are shitcoins. But he's doing what he thinks is best for bitcoin, even if that means somewhat selling out and promoting the 'ecosystem'
THERE’S A DIGITAL ASSET IT’S CALLED BITCOIN RIGHT. WHAT’S THE SECOND BEST DIGITAL ASSET?
Gigachad genius at work. If you understand what money is and then what ₿itcoin is. You have a chance at understanding what MSTR is. Are there risks? Yes. Is it a honey pot? Yes. Is self-custody cold storage ₿itcoin best? Yes.
But all ₿itcoiners should be cheering this speculative attack on.
⚡️🤘
Of course he owns Michael(.) Com lmao
Seems stuffed with shitcoinary.
Now that I watched the CNBC video, it makes more sense.
The world demands a shitcoin. The US can sell it to them and use some of the proceeds to buy a strategic bitcoin reserve. The crazy thing: It just might work.
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Short doc by Saylor
Feel free to read here and verify for yourself
THE SUITS WANT ICO SEASON 2. Plus a whole lot of BS and midwittery
With the below statement, he is excluding Bitcoin from being categorised as a currency?
Although I hold Bitcoin from long term store of value and wealth creation, I also believe it should be able to be used as a currency without the fear of implicating a tax event.
“Digital Currency – An asset with an issuer, backed by fiat currency.”
I don’t understand why they make all this intelligent stuff public like that. Like Trump and others talking about the strategic reserve and all. Seems you would want some secrets for when you take office. But in Saylors case it lets other countries know what to do as well. But maybe that’s my small brain way of seeing it and that’s the intentions to begin with. 🤷♂️ To answer ur question tho, just unbelievable how smart this guy is, just love it.
It doesn't define Bitcoin backed tokens. Aka #ecash
Bitcoin not mentioned once in short 3 page doc
Props up fiat system in digital world, USA remaining largest slave driver.
Corps & govt will love this
Plebs will hate this
If done, USA will be central bank for "One World Order"
-high probability
We'll wait and see if other countries accept this
Bitcoin not mentioned once in such a short simple doc..
I guess it provides structure which could unlock value in a positive way.
What are your thoughts nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx ?
clear and concise
what's missing is digital assets owners rights to security, meaning certain privacy guarantees for individuals but maybe that's meant to play out on the local level
on the other hand it might still be too early for such a wide swinging regulations although it may look like a step in the right direction.
Expanding US debt, by default, is highly likely to lead to ever broadening surveillance and control regime, even when done with the best intentions in mind.
I think if US buys #bitcoin, it’s game over for fiat.
Other nations aren’t that stupid to still buy their treasury and accept their shitcoin.
The guy is stuck in a traditional finance mindset, such frameworks are for suits.
It says what we have always known. Saylor is a fed pursuing US interests.
2nd wave of the tokenize everything crowd from defi summer 2020-2022ish
Knee jerk reaction is that it's more shutcoins, could be, we'll see
Opens more funding opportunities (researchLabCoin, beachFrontProptertyDAO) and 24/7 trading
Overall seems like it will expand what you can do with capital
Rugs will be pulled tho
This will clean up the space. Let freedom ring and let competition be the winner.
I think the bigger takeaway here is that he owns michael dot com 👀
Ask yourself this question- What is the most energy efficient path to sats as the unit of account? The funnel is USD. He is obviously playing to ruling class. Fiat will continue to be debased and bitcoin is the new asset for new fiat money creation. Stablecoins are a weapons platform. Nobody wants to use a US stablecoin if they can be debanked. There is only 1 stable coin. It’s the one with a declared and unchanging monetary policy for the next 140 years.
By his definitions "Digital Currency" will always be backed by "Fiat Currency". Bitcoin then cannot be called Digital Currency.
Interesting second order effects:
- "Token" -> always means Utility.
The rest seems pretty basic.
He seems to want to tokenize everything. Looks like he is still in 2018 together with Brian Armstrong.
Not an American, but I like it and I hope it get`s implemented
Shit coins #1 #2 and #3 fall into which bucket?
Just stopped when it says "Digital Token" 😂
Credit: nostr:nprofile1qqswrlyglr3hs7z9slprxl6why9ydsxqvgky9emawhky5d6jruc0vgspzfmhxue69uhhqatjwpkx2urpvuhx2ucpzfmhxue69uhk7enxvd5xz6tw9ec82cspz4mhxue69uhhyetvv9ujumt0wd68ytnsw43qw43jye 
nostr:note156qn8zqkqv5j88vp7wm74tertrmw7fsycswknhwxfzlzga63ksvqs72hzv
It's consistent with what he has be saying do a long time now "BITCOIN IS PROPERTY" like a house in Manhatten. The paper is a lot of words for lawyers. I'll continue to use bitcoin how I want to use it, Michael can do the same.
Long term we collapse into BTC collateral and $USD stablecoin. Why do we need AUD, CAD, YEN, EURO etc?So the rent seeking middle men can clip every ticket? I think not.
Other countries still want to have their own money printers.
This is true - however is it required? Truely open market prices in a single unit of account would be far more efficient for all the stakeholders of the economies.
The biggest loser would be the brokers/exchanges profiting from every swap between FX/rate products and governments.
I'd like to see the end of it too, but states won't give up the printer easily.
Nice!
Stay humble stack sats
i interpret most of the word salad that’s coming out of saylor’s mouth lately as a strategy to downplay the threat bitcoin poses to the dollar
i think he knows how powerful bitcoin is and he tries to buy more time for the virus to spread
that’s the only explanation that makes sense
Most probable outcome-
1. Digital securities ✅
2. Digital Dollar ✅
3. Bitcoin Reserves ✅
Most here probably want there to only be bitcoin. But of course that’s not the case - there are a lot of other things. Governments can either: 1) ban those things, 2) ignore them, 3) define them and figure out how they fit into our existing world.
Not a fan of government bans.
They’ve been ignoring them resulting in things like FTX, which continues to be what most regular folks think bitcoin is - like it or not.
So you define them, dole them out to the regulators, and go from there.
This gets bitcoin where it needs to be with commodity regulators, helps people understand why bitcoin is different than all of the other crap, and hopefully clears the way for those building on bitcoin to do so with less friction.
I know everyone has a utopian fantasy of a bitcoin only world where governments and shitcoins don’t exist. But that’s not our world.
I think he’s taking a pragmatic approach to building bridges between the fiat system and the bitcoin system.
If you believe in bitcoin, then you should have confidence that the fiat system will be absorbed into the bitcoin system and not the other way around.
There is an element of a “digital bill of rights” to it.
I like it.
Saylor the seductress.
Reading Saylor's BSci thesis is helpful to understand what he is doing, and why.
https://drive.google.com/file/d/1XkXUBIDVAlKLES_Hm28fP2NfkcXKBDQc/view
I read it a long time ago, and it really helped me understand the bigger picture. I have great respect for him; his incentives are aligned, and he's playing the role we need.
Since he doesn't own any Bitcoin, he should start.
Looks like there is a ton of work to be done to implement this framework. Although, I’m not interested in any fiat based digital currency, I do see the need for defining rights, and responsibilities for these new (asset?) classes. This is a good open letter to governments that there are opportunities here not threats.