M.Saylor sets out in 700 words how the USA can lead the Digital Assets industry

BlackHatCoiner

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Farewell, Leo

Quote from: alani123 on December 23, 2024, 05:44:25 PM

USD/BTC is not all that there is to life.

It's not everything in life, but considering that central banks are the biggest problem for the economy, and economic problems are the worst kind of problems for people, bitcoin is a big deal for mankind.

Quote from: Poker Player on December 23, 2024, 07:07:03 AM

What pisses me off about this is that in the EU they are thinking more about how to put caps on plastic bottles and that in this both the USA and I think China are going to be many years ahead of us.

We're getting what we deserve.

aoluain

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Quote from: Darker45 on December 23, 2024, 09:30:44 PM

It's indeed a framework. By itself, without expounding on each of those lines, it appears nothing. He wasn't even talking about Bitcoin.

Anyway, it appears to me Saylor is proposing to create a digital Wall Street, a digital district where money is made out of thin air, where all kinds of financial products representing nothing but air, founded on nothing but air, and backed by nothing but air are sold in billions and trillions all over the world.

From a layman, this doesn't look appealing. Or at least Saylor has a lot of explaining to do to make it convincing.

Are you including Bitcoin when meaning "representing nothing but thin air,
founded by nothing by air, and backed by nothing but air"? because it can represent
a percentage of the global capital which is currently locked up in Gold, Property
etc. and is backed by over 700 Exahashes per second of computing power and
a daily energy consumption of approximately 20 gigawatt hours.

He's proposing the usage of the worlds largest secure cryptographic protocol able
to "move money at the speed of light, a million times a second". and wants the
US to be the global leader.

Poker Player

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Quote from: alani123 on December 23, 2024, 05:44:25 PM

I don't like this.
I love Bitcoin but if we're gonna talk about societal change we need much more.

I can't stand Saylor talking about renaissance while being shortsighted to only see Bitcoin.

For me you are not in a good mood, as I see in your other thread, and that's why you say things that are not coherent.

Precisely in this document he does not talk only about bitcoin, far from it.

Quote from: Darker45 on December 23, 2024, 09:30:44 PM

It's indeed a framework. By itself, without expounding on each of those lines, it appears nothing. He wasn't even talking about Bitcoin.

Another one. The word bitcoin appears 4 times in that short document, in which it talks about all types of digital assets.

Quote from: Darker45 on December 23, 2024, 09:30:44 PM

Anyway, it appears to me Saylor is proposing to create a digital Wall Street, a digital district where money is made out of thin air, where all kinds of financial products representing nothing but air, founded on nothing but air, and backed by nothing but air are sold in billions and trillions all over the world.

No, rather it is:

1. Sorting through the types of digital assets that already exist.
2. Explaining how value can be created in that industry.
3. Establishing how the USA can be a leader in that industry (like it or not, if it's not the USA it will be another country).

Quote from: Darker45 on December 23, 2024, 09:30:44 PM

From a layman, this doesn't look appealing. Or at least Saylor has a lot of explaining to do to make it convincing.

This document is not addressed to the layman. It is addressed to Trump and his Cabinet.

Darker45

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It's indeed a framework. By itself, without expounding on each of those lines, it appears nothing. He wasn't even talking about Bitcoin.

Anyway, it appears to me Saylor is proposing to create a digital Wall Street, a digital district where money is made out of thin air, where all kinds of financial products representing nothing but air, founded on nothing but air, and backed by nothing but air are sold in billions and trillions all over the world.

From a layman, this doesn't look appealing. Or at least Saylor has a lot of explaining to do to make it convincing.

WillyAp

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Looking for guilt best look first into a mirror

Quote from: aoluain on December 23, 2024, 06:34:21 PM

I dont think this is about societal change though, its about shifting the focus
of traditional "capital" to "digital capital" and as Saylor says this will fix only 50%
of the worlds problems.

The world's issues is not money or the lack of.
In fact there is too much money and in hand, not willing to part with it.
Much to much is looked nationwide. Immigrant streams cannot be stopped by walls.

aoluain

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Quote from: Poker Player on December 23, 2024, 07:07:03 AM

Michael Saylor has just published the paper “Digital Assets Framework” a 3 page but large print document consisting of only 700 words in which in his brief style but with each sentence loaded with meaning he sets out how USA can lead the Digital Assets industry.

In it, he not only talks about Bitcoin, but about all digital assets, and invites the USA (although he does not say it explicitly through his government) to

Quote

catalyze a 21st-century capital markets renaissance, unleashing trillions of dollars in value creation.

What pisses me off about this is that in the EU they are thinking more about how to put caps on plastic bottles and that in this both the USA and I think China are going to be many years ahead of us.

Do you think Saylor will be able to convince the incoming US government to lead this industry? I believe that even partially, yes, since most of the Cabinet and other important positions are people from the crypto world.

Yea in the EU I think its difficult to move on anything because there are so
many nations involved, I suspect when they do get around to making the
decision the US and China will be already a ling way forward down the Bitcoin road.

I believe Saylor wont have to do much leading in terms of the US Government,
it seems like they are committed already.

Quote from: alani123 on December 23, 2024, 05:44:25 PM

I don't like this.
I love Bitcoin but if we're gonna talk about societal change we need much more.

I can't stand Saylor talking about renaissance while being shortsighted to only see Bitcoin.
USD/BTC is not all that there is to life.

Everything in the economy runs through labour.
If our labour isn't giving us enough to live comfortably then something is wrong with the economy.
We work to live, we don't live to work.
But lately it's been feeling like the opposite.

And as if that wasn't enough, to say that a different form of money being favoured is gonna usher in a revolution is crazy.
All this could do is simply create a different rich class. It wouldn't change the systemic issue of labour being underpaid or underappreciated under capital markets though.

Anyway. Michael Saylor, good vision but lack of optics.
No matter how much he tries to play this as revolutionary, a three page document ain't gonna do shit at changing society.

I dont think this is about societal change though, its about shifting the focus
of traditional "capital" to "digital capital" and as Saylor says this will fix only 50%
of the worlds problems.

alani123

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Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

I don't like this.
I love Bitcoin but if we're gonna talk about societal change we need much more.

I can't stand Saylor talking about renaissance while being shortsighted to only see Bitcoin.
USD/BTC is not all that there is to life.

Everything in the economy runs through labour.
If our labour isn't giving us enough to live comfortably then something is wrong with the economy.
We work to live, we don't live to work.
But lately it's been feeling like the opposite.

And as if that wasn't enough, to say that a different form of money being favoured is gonna usher in a revolution is crazy.
All this could do is simply create a different rich class. It wouldn't change the systemic issue of labour being underpaid or underappreciated under capital markets though.

Anyway. Michael Saylor, good vision but lack of optics.
No matter how much he tries to play this as revolutionary, a three page document ain't gonna do shit at changing society.

Poker Player

legendary

Activity: 1372

Merit: 2017

Michael Saylor has just published the paper “Digital Assets Framework” a 3 page but large print document consisting of only 700 words in which in his brief style but with each sentence loaded with meaning he sets out how USA can lead the Digital Assets industry.

In it, he not only talks about Bitcoin, but about all digital assets, and invites the USA (although he does not say it explicitly through his government) to

Quote

catalyze a 21st-century capital markets renaissance, unleashing trillions of dollars in value creation.

What pisses me off about this is that in the EU they are thinking more about how to put caps on plastic bottles and that in this both the USA and I think China are going to be many years ahead of us.

Do you think Saylor will be able to convince the incoming US government to lead this industry? I believe that even partially, yes, since most of the Cabinet and other important positions are people from the crypto world.

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