#Bitcoin
Michael Saylor and Bitcoin Self-Custody
https://m.primal.net/Lffh.mp4


Another banger from one of the most consistent Bitcoin educators of the past 4 years.
nostr:nevent1qqsvjzk4kk3g29j9rvw7uekcw9757ta8zahluwgqc5489fzqkwr95hcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygyyvvrk3zsfasgjjeltq4zw0z573rzg75r39su76jgl72m05qv6aqpsgqqqqqqsrym8c0


Before I even watch this…. I’m SURE that you haven’t taken the bait also. He didn’t say it like the short clips of it are portraying it.


Ftx was regulated, major political donor, pushing legislation, far cry from a crypto anarchist


Unfortunately a lot of bitcoiners get easily offended nowadays. Also, being offended and sharing the 'unjust' opinions is what brings engagement.


Now this is funny! 😂


That is funny.


Bitcoin needs smart people like you to break it down! Thanks for that.
Do you think the statement about banks and hardware wallets was an “example” he was giving on how fear leads to action? Not give your bitcoin to banks. I do.

Example: Ledger wallet has this new thing where they can send your private keys to someone over the internet. Don’t buy that one. Buy this one.

Example: The U.S. is going to lock you down and not allow you to travel. Invest 10 million into my country.

Yes he could’ve used another example but with a thousand hours or more of content, you are probably going to say something that can be taken out of context.


Kratter with the best take as always. 👌


The U.S. needed to confiscate the gold in order to print money because they were tied to each other.

They don’t need to confiscate gold anymore to print money. They took the dollar off of the gold standard.

They don’t need to confiscate houses, cars, watches, airplanes, bridges, roads, bitcoin nor anything else to print money. They untied the dollar to anything. So they can print print print.

I think his point was…… Why confiscate bitcoin which there is a limited and distributed supply and I would have to have proof of work (going to seize then acquire the bitcoin keys etc.) when I can print an unlimited supply for no fee and no proof of work.

Saylor is right. He is just early and the first one through the door gets hit first.
Ask yourself this “who is pushing this narrative that he is doesn’t want people to hold private keys? He never said that. Maybe people are reacting to emotions and not evaluating logically.


Biiiiiiitcoiiiiiiiin as Frankie MacDonald might say


Why would governments confiscate somebody's custodial Bitcoin? The answer is simple: because they can.


Onward 🫡


Yass!


Completely agree with.  Saylor may have said things in this interview that may bother us, but don't forget all that the man has already done for our community.  Give him a little credit


Great post 👍


Agree.  Who did the short clips?  When I first saw the Saylor interview, it seemed edited.

Cui bono?


Hey Derek, the people that want to paint Saylor in a bad light OR didn’t watch the full interview. There have been many of them on Nostr and I let it get to me a little. Lol.
The ones that get to me most are the people that are the most visible in Bitcoin. They post him talking, but not the question that he was answering which always makes for drama. Then they give their 2 cents but I guarantee they didn’t watch the full interview or was inebriated watching it.

I guess I am saying that it isn’t fair and they are wrong.


I didn’t want to answer your question directly about who because I was being a chump. Either I tell you or I was lying.

~Jameson Lopp posted a message on nostr. (Seems like he has a personal problem with Saylor from way back.)

~Jack Mallers posted a video. In his defense he did say “Saylor is a friend” but didn’t back him by saying I’m sure that’s not what he meant.

~Samson Mow posted a video jingle while playing the guitar.

And man many more random people.


Very good point but that is lame. We aren’t in high school anymore. Or are we?


Yeah, Kratter’s commentary showing more of the original video was the first time I saw the extra footage.  I’m like—well that explains it.  And then — who’s f*cking with us trying to alienate Saylor?

It’s hard to figure shit out


Right. Matt did the right thing and I applaud him for that. He didn’t agree with everything and that is ok. He also didn’t vilify then crucify him.

Exactly man. Who is trying to alienate Saylor!?

It is hard to figure out but like my grandma used to say. “It’ll come out in the wash.”


I always appreciate hearing the balanced and rational perspective you bring to these conversations. Cheers sir!

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#Bitcoin
Michael Saylor and Bitcoin Self-Custody
https://m.primal.net/Lffh.mp4


Re: who's pushing this narrative
https://x.com/_whitneywebb/status/1848744434504020216


Either way, Saylor gets a lot of people on his Johnson on some hero worship type shit. That’s not what bitcoin is about so I think a bit of balance is probably a healthy thing.


Are you saying that Michael Saylor meant to say that FTX whose CEO spent more time lobbying politicians than ensuring his customers’ funds are safe is a crypto anarchist organization? 😂


nostr:npub1g6ghj36a9y9d6p4vz4rq6z8rwrqxm6evllnlhkt26e55h9y0q6psv4hu7v here is another one. Thanks for sending that Brian.
I don’t really listen to Whitney’s content, but now I really won’t click and support it.

Derek and Brian, could it be that people haven’t created the tools for what Saylor is talking about so they don’t understand what he is saying? Or am I wrong?

It seems so clear to me even though it hasn’t been implemented yet. He isn’t saying give up your keys.
The way this will play out is… you have at least a 3 party multi sig wallet. You lock up your asset (bitcoin) by holding 1 key, the bank creates one, and an unrelated 3rd party creates one. It doesn’t have to be 3 keys it can be many more. Obviously you don’t want there to only be 3 so if 1 key is lost then the funds are lost. Maybe you need 3 out of 5 keys to move the bitcoin.

Anyhow the bank doesn’t have enough control to move it alone. You don’t have enough control to move it alone. The other entity neither. You have an agreed upon set of rules for when the last key or keys are combined to move the bitcoin. In exchange you obtain a loan of what ever funds to purchase whatever you want or need. It may sound foreign now but if you have 100,000 bitcoin why not spend 10,000 on 2 pizzas? But in this scenario you are leveraging the bitcoin and as long as you pay the $ back, you get your bitcoin back.

BlackRock has trillions of dollars in assets that they manage or control and they are extremely close to the FREE money printer, but they would waste time trying to take my $5.00 worth of bitcoin. Why?


They gotta post something, how else can they get engagement?