Michael was very short sighted. And I’ll explain where exactly he got it wrong and why he wants yield.
- Michael believes Bitcoin is a great “Asset” not currency as most of us here believe.
- He also believes it’s the Best asset, and thinks people will generally choose it over other assets because it has lower risk.
- He puts Bitcoin next to real estate and stocks and mixes in gold and art when making a financial decision to buy it or not. (Saif pushed against this, Michael missed the point).
When you have this trio, you are already deep in loss. Because you made Bitcoin an asset, it’s better than everything except its not generating income, what can you do sitting on billions of dollars? let’s make it give yield.
What Saylor missed is that, Bitcoin is a layer bellow assets. And all other assets can become Bitcoin Generating Assets (BGAs), regaining their appeal. The house in 2050 might not be rented for fiat, it might be priced in bitcoin and generating bitcoin. The Apple stock might be priced in bitcoin, giving out dividends in bitcoin. If you miss this part, you have this feeling that bitcoin is a deadend unless i the one who has 1% of all that exist cant do anything with it.
The proper way to make bitcoin yield, is to use it as a currency. You buy a house with bitcoin, you rent it out for bitcoin monthly payment. Boom, bitcoin yield. Saylor is thinking about this at all. nostr:note1apdj8qe5gyu5j8rhxvw30tqame2j8tzyp3gu74sh4kucz65jg4wqp8cxs4
In my humble opinion, Bitcoin is digital property and not a currency. I am happy to elaborate further if you care to know my insight?
I would love to hear your point.
A currency is a nation state legal tender, this idea was literally invented by governments. There are over 140+ currencies in the world today and each issued by their respective governments
I believe that is the definition of Fiat Currency.
Currency is anything that people use to trade. Could be anything.
Stablecoins are a currency.
There is a distinction between money and currency. Is Gold a currency or money?
Money is anything that is ideally bearers property that people use to trade
Currency was first a derivative of money (Gold/silver/livestock etc) in early civilization
That's great and all, but to MicroStrategy or other corporations holding it on their balance sheets, it very much is an asset.
It's the most dynamic monetary tool we've ever seen and it can literally be whatever the holder needs it to be.
People need to quit trying to be so rigid in their beliefs and pigeonholing Bitcoin to them.
Fixed monetary base + production improvements over time = yield
IE, each unit becoming more valuable is, in and of itself, a yield. Full stop. Am I missing something?
Like did Saylor say he plans to generate yield in the near future, and if so, is it any different from the US stock market except for subbing $$ for BTC? Cause the stock market has overall been really good to Americans. Like, REALLY good. Except for the fact that USD is devaluing, which the USD to BTC swap addresses.
Then the OP stating that Saylor is a retard really sabotages his own argument. Saylor may be many things, but retard is definitely not one. Not even close.
Great perspective.
Saylor on Lex in 2020 orange pilled me so I have a special place in my heart for him but you make a great point.
Incentive theory.
People are only as good as their incentives.
-He’s worth so much that his values are becoming skewed. A lot of what he says now is deliberately careful. For example He knows that referring to BTC as money puts him at risk from harsh govt regulations (think Tornado cash) so he goes out of his way to say btc is a commodity, not a currency. We all know btc is the most fungible commodity ever so… it’s definitely a currency.
I love the guy but people need to be prepared for the day when he does something that lets us down.
03:58 JR4HDU/P on 😂 JP-1160(Ageo Undo Prefectural Park, 😂 JP-ST) 7041 FT8 [JR4HDU]
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what about the housing shortages
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