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
Think of the dollar as Agent Smith In The Matrix trilogy. It's the Oracle's plan to let Smith take over the world, then everything centralized has a single weak point and can be destroyed. It's inevitable. The other fiat currencies are weak so the dollar will consume them. Then it's only one step to make the dollar defined as a unit of sats. If the Fed won't do it, any one of these could flip a switch and convert all their customers to sats: Visa, Google Pay, Amazon, or Apple
Providing opportunities for btc exposure is good, but also proselytizing the benefits to corporations, providing training, public speaking, private orange pilling, inducing corporate fomo game theory.. The convertible notes are super popular and gaining visibility from pensions, insurance companies, hedge funds, as a low risk high return fixed income product.
MicroStrategy & Michael Saylor's success shines light both on the vast market of zombie corporations and the negative real yielding bond market, both propped up by money printing, and since anyone can copy him, there's no benefit to shut him down, as another will take his place.
The extreme reaction about to occur in every market already dwarfs GameStop and is just starting. MicroStrategy is positioned as the fuel injector of the rocket nozzle for the vertical part of the S-curve of Bitcoin adoption.
What if the price of gold is rising because the gov is spending so much money to hold the price of bitcoin down, that they can't afford to suppress gold anymore?
They have onion now, probably a glitch. https://protonmailrmez3lotccipshtkleegetolb73fuirgj7r4o4vfu7ozyd.onion/
Political attacks on bitcoin outside the US support the US to dominate all aspects of Bitcoin for 100 years. Do Norwegians join the world stage as a participant or give up?
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The govt will need to get bitcoin income. I don't like the privacy implications of taxing bitcoin, and I don't like the incentives to decrease the security of networks if the govt relies on stealing bitcoin. That leaves direct mining by govt. They need to just buy mining rigs and run them to fund operations.
GM. Block 835665, 1499 sats/$, 104590 sats/gold gram. I'm feeling positive about the future.
He means folks dont realize they can buy fractions of a BTC. It doesnt help that they can no longer afford 1 whole BTC. Seems obv we need to change the units to sats per dollar. 1475 sat/$ fairly easy to deal with. And call it sats per dollar, not this confusing "Moscow Time" I keep seeing
I think some see MSTR, ETF flows, and the US debt going parabolic and believe hyperbitcoinization started. It hasn't, it's a liquidity attack to catch the greedy. They still price in $$. We're not winning until companies start mass pricing products in sats and an ETF or big company refuses a 6102 and moves off shore
Guys, it's time to talk about how the federal government wastes energy. The green movement attacks on bitcoin energy use can be redirected to benefit bitcoin by reducing the size of agencies
I wonder if these ETF buyers realize the potential gains they may make, are payment for the risk they take in exposing their BTC holdings to the authorities, and as they achieve these gains, the risk is reduced (by their act of holding). By holding a BTC ETF they run the risk of having *all* their holdings seized (not just bitcoin), and simultaneously reduce the risk that everyone's holdings may be seized. The final achievement in this line would be an actual authority ordering an ETF to turn over their bitcoin, and the ETF deciding to distribute bitcoin to holders in non-compliance.
Reminder, the dollar is a fungible pan-bank liability backed by toxic debt. https://bitcoinaudible.com/the-capital-strip-mine/ nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Those majority views sound exactly like Nielso (carrot guy). In 2011 this guy told people not to buy Bitcoin because all you can do with it is sell it to someone else. Unlike vegetables. He later deleted the vid, this is a copy. https://m.youtube.com/watch?v=f7CqpW686PE
Fun fact: No one publishes how many dollars or US Treasuries are held by the ECB. This means they hold an embarrassing amount.
I feel it is immoral to send my friends links to YT videos since it is designed to distract them into watching more videos
In a couple years JP Morgan forks Bitcoin to Proof of Stake verified by a federation of big banks, raises the cap of issued coins, pays bounties to carbon sequestration, and notarizes your ID on chain. Oh and you need to use it to receive EBT food stamps which they operate. Which ETFs will follow this chain and call it Bitcoin?
It's open source, make or modify a wallet to put the decimal point wherever you want. Example: 1 finney = 10000 sats, 1 bitcoin = 10000 finneys



