Oddbean new post about | logout
 We all have more Bitcoin than Saylor

Because we actually hold our own keys.

He will get rugged, the n00b didn't even learn the basics of Bitcoin yet.

Not your keys, not your coins 
 Few. 
 I can almost guarantee he *personally* holds more Bitcoin in self custody than the vast majority of us 🤷

It wouldn't be legal for him to personally custody Macrostrategy's coins.  
 🤙 
 And it’s probably insured as well. 
 Doesn't he own the majority of Microstrategy?  If so, he can delegate whoever he wants (including himself) to own the keys to Microstrategy's corn, no? 
 You think that dude doesn't have a personal stash with his own keys somewhere ? 
 I do not. I think he's a giant larp, fiat/ngu maxi who will either get rugged or sell soon, before he finishes his digital energy podcast tour and advocating for regulations so institutions can get all the coins before plebs.

Fuck Saylor, my 2 sats 😎🍿 
 😂 I think dude has some stashed forever 
 He’s claimed he had a personal stack. I’d think he does, as he was able to smash buy before Microstrategy. 

That said, I highly doubt he personally takes self custody. 
 I don't think he has his entire personal stash in self custody but with the amount of energy he put into learning and reading I doubt he has 0 in self custody. Even if it's only 1% of his stash... (rumors 10-20k Bitcoin) ... He has more than most people on here in self custody. 
 no idea on motives etc. 

just doubt he has 0 he actually owns 
 It’s a hot wallet on a laptop running Windows XP and Internet Explorer. 
 I didn't say it was secure or well done self custody 🤣 
 It’s on his spank machine. 😂

I did hear somewhere that Microstrategy had an in-house custody solution where a certain percent of the stack was.

I have no idea of course, but fun to speculate for shits and giggles. 
 Spank bank 
 Spank Bitcoin Bank 
 Who’s down with SBB? 
 I disagree. He’s not like Peterson who just tries to virtue signal Bitcoin support when it’s convenient. He did a 12 hour podcast series with Breedlove on the history and nature of money and seems to really get it.

I don’t think some of the stuff he says about “digital property” and “digital energy” he completely believes. I think he’s just aware that in his position, he can’t come out and advocate for the fall of the dollar and of governments because it puts a big target on his back and the back of his business and Bitcoin in general.

I do think he has a huge rug risk; although I doubt it would be a straight up visible rugging. It’s much more likely that microstrategy gets captured by the government and the coins become de-facto captured in my opinion. 

Your two sats are as good as mine though. 
 Breedlove? More like Bitcloutlove 
 🤣 
 Bitclout. Can’t even log into it anymore. My own fault lol. 
 I can’t see him coming out dicing himself that he has a personal $300m brainwallet stash either.

Also his podcast with Saif regarding Rothbard. He’s legit. Not quite an anarcho-capitalist yet (see pod for where he jumps off the train) but he’s not far. 

My vote is he’s legit, effecting change the best way he knows how. 
 If he sold like that, he’d have an army of pleb albeit mainly minion reputation flushed down the drain.

You may very well be right but I doubt this is his play.

Who knows. 
 Having said this— any paper holding of this magnitude is concerning. To the effect of nyknyc — have at it. Fair game. 
 I don't think he will sell, he's just still trapped in the normie mindset about finance and custodians etc. He didn't get bitcoin at first, but he changed his mind. Maybe he will realise he's wrong about this too at some point. Like when he gets rugged. 
 Not saying I told you so …

Oh well … life goes on. 😂 
 I AM SAYING I TOLD YOU SO IVE BEEN SAYING IT FOR YEARS NOW AND NO ONE BELIEVES ME 
 Visionary leaders are so often misunderstood. Hugs 🫂 😂😜

Best we can do is laugh 🤣 muah 💋  
 #Truth is released daily. We got this. Hugs 🫂  
 that where #HIJACKING bitcoin theory takes birth.  MASSES -> CORP / OLIGARCHs 
 #HijackingBitcoin 
 You calling Saylor a noob? 😆 
 Microstrategy is 11 minutes from Langley and was founded with unrestricted capital from DuPont 

It’s not his Bitcoin regardless of who holds the keys 
 😬 
 Indeed. They’ve been in bed with DoD since the beginning. 
 💯 
 It's also, more importantly, a publicly trade company. It's owned by the shareholders. That's how that works.  
 The majority of the shares are held by spooks, I promise you 
 Where does he hold them? 
 Mt. Gox 
 I have this funny image in my head of a giant safe at MS. Built in faraday cage (because why not) & in the middle is a pedestal with just a single cold card resting atop it.

Probably not true but it makes for a good chuckle 
 & if someone wanted to get technical, you’re right. Saint Saylor doesn’t own that many #bitcoin. The publicly traded company he runs does. 
It’s a distinction I feel that goes unrecognized.

Now Saylor may have converted some of his personal fortune over to bitcoin, but that percentage is unknown (at least to this humble pleb). 
 Yeah Totally 
 utxo woke up and chose violence today 
 Saylor himself or microstratagy?  
 Where does the disdain for saylor come from? I think we can all agree that the guy is pretty far over the top and wears a thinly veiled mask to cover the fact he's an got entrepreneur well before any maxi tendencies. But the guy definitely seems to have a level of conviction that most non-maxis lack. 
 Bad take.

Explain how a corporate entity can hold its own keys, except through the acts of human beings.

Have you listened to Saylor's discussions directly on point?

Recently on Nat Brunell. 
 I own a corporation and hold all my keys.

Public corp multisig with all the officers  
 You can own a corporation.  If the corporation owns Bitcoin, the corporation cannot act through its shareholders, but only through its employees, its agents.  By definition, the corporation *must* trust somebody to be its custodian.  In this instance - you, as an employee of your corp. 
 Why throw shade at saylor when 99% of the bitcoin influencers out there are sponsored by ledger and swan. 
 I throw shade on them too 🫡 
 Moar Shade 
 I'm sharing this note because nostr promotes the ability to allow free speech and not restricting what is noted 

nostr:nevent1qqsqg2d2nrs0kjr6naatzsfdaeexdzu8tw2eh2xj4sh5xwtufjyn5dcpz9mhxue69uhkummnw3ezumr49e4k2q3qutx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4sxpqqqqqqzd3y2mu 
 SAYLOR HFSP  
 I don't simp for larps don't @ me