Michael Saylor is not Bitcoin's hero - page 2.

pooya87

legendary

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It is already too late to want to "control" bitcoin price no matter how much money one has, "influencing" the market for a short time is still a thing though. But newbies can still dream Wink

In any case there are still people who are stuck in the denial phase not wanting to believe that bitcoin as the only successful decentralized global censorship resistant currency has been working find for over a decade and its value is still increasing to this day. When they see one unit of a currency is worth twenty thousand times more than one unit of US dollar they fall deeper in that denial not wanting to believe that this payment system is a success and will only continue to grow without needing any "deep pockets" just as it has been for the past decade...

witcher_sense

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🔐BitcoinMessage.Tools🔑

Quote from: bbc.reporter on December 07, 2020, 09:41:52 PM

“People with billions of dollars don’t want to invest in crypto networks that support anarchists,” Saylor explained

He is right. People with billions of dollars will rather invest in traditional networks such as banks and others that support money launderers, terrorists, and authoritarian governments. Unlike fiat money, Bitcoin is for anarchists and libertarians who want to separate governments and money, deprive them of the power to print money to constantly finance their shady needs, which is completely unacceptable for pseudobitcoiners like Michael Saylor.

nutildah

legendary

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I never really cared for or about this Michael Saylor guy. As CEO of a big company, he made a gamble and it paid off. That's admirable, and great for his shareholders. However, I don't think he understands what Bitcoin is supposed to be about. He'd obviously be pleased if he could mold it into a tool that benefited himself first and foremost.

All we can do is hope that Bitcoin Core remains democratic and self-regulating enough to not cave to corporate interests as its going to be more tempting than ever in the upcoming years.

bbc.reporter

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He wants his own image for bitcoin and with his economic influence on it and an inordinate amount of control on the price, can he influence the community?

I reckon much of the people in the community might not care as long as he and his friends can pump bitcoin with their billions of dollars. This is another story of big people stepping on little people again hehehe.

“Stop talking about regulatory arbitrage. Censorship-resistance, privacy, and tax evasion are bad ideas. We hate that.”

The conversation began with a huge letdown. I had asked Michael Saylor what could motivate greater institutional investment in Bitcoin—after all, if Bitcoin is going to the moon, we’re gonna need a lot of deep pockets to climb on board.

“People with billions of dollars don’t want to invest in crypto networks that support anarchists,” Saylor explained.

I asked Saylor if this was a marketing problem.

"It’s a matter of emphasis. The industry would benefit if we didn’t call Bitcoin a cryptocurrency, but a crypto asset."

As a “currency,” Bitcoin not only competes with the Treasury and the Federal Reserve, it also implies a payment network to compete with Square, Apple Pay, Alipay, and other services that are both faster and cheaper. Maybe that’s why even the venture capitalists on Sand Hill Road still struggle with Bitcoin as a technology. They see it as either a bet on the collapse of Western Civilization, or a heavily impaired PayPal.

Source https://www.btctimes.com/insight/michael-saylor-on-bitcoins-next-billion-hodlers

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