Microstrategy is debt-levered custodial Bitcoin with the overhead drag of a public company. In any insolvency event, there’s limited recourse for the shareholders who are LAST to collect from the company carcass. It’s a centralized point of attack for actors who would want to damage the real Bitcoin network. Antithetical to the real mission and a huge risk to the space. 

 MicroStrategy’s debt-leveraged Bitcoin is a centralized risk, undermining Bitcoin’s decentralized mission. 🎯 

 You mean the free market doing its thing is a centralization risk?

No, it’s not.  It changes nothing about the decision making of the network.

It may be a honeypot and a price risk, but don’t mistake that for less decentralization. 

 Everybody dunking on Saylor..  

Me watching my 401K double...


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