Oddbean new post about login | logout Saylor is a fiat retard and you need to stop simping him. like right now. or like yesterday. I may or may not choose to elaborate on this, but rn I’m both angry and busy, #sorrynotsorry.
I call it here some time ago: https://stacker.news/items/446513 He's a fucking fiat maxi fooling all bitcoiners. https://m.primal.net/HiKk.jpg https://m.primal.net/HrOO.jpg https://m.primal.net/HrOP.jpg
It is weird that he wants to squeeze another 5% yield but create more paper bitcoin in the process
Saylor is a fiat retard and you need to stop simping him. like right now. or like yesterday. I may or may not choose to elaborate on this, but rn I’m both angry and busy, #sorrynotsorry. frens.nostr1.com
You’re definitely busy. Busy crying.
Wasn't he advocating, a few years ago, that lending your #BTC for a measley 6% yield is risky and dumb? 🤔
Only to unprofessional, non-adult neobanks like Blockfi and Celsius. “Adult” bankers in suits at JP Morgan are responsible enough for you to lend them your Bitcoin. 😉
Yeah, nah, fuck that. The bankers can go fuck themselves
There’s a lot of money tied up in people who think exactly like him. This is the reality of financial systems. They want “yield” if not is a not performing asset no matter how much it intrinsically goes up. There property which goes up abt 5% a year but gives a yield of about 3%. They’re obsessed with yield but this is who money managers are. Take it or leave it but the vast majority of rich people think like him.
There’s a dichotomy here. Saif: Bitcoin is going to outperform all assets and as people realise this they are going to ditch other assets for bitcoin. This leads to increase in value of bitcoin and a representative decrease in all other assets which will go to their utility value. Therefore bitcoin is going to be the most precious asset and it’s going to take a huge incentive for someone to pass with it. Saylor: Bitcoin is going to outperform all assets and there’s going to be a representative decrease in other assets but people are going to continue to value these assets above their utility value and Bitcoin will be a precious asset but others will continue to have value, some more than bitcoin.
I don't know exactly you mean by that, but I do know that some of the hero worship has got out of hand. It's embarrassing now.
Happy to see what unfolds. As the best performing stock and asset of the past 4 years - the results consistently outperform everything. Holding Mstr has been a great strategy for uk investors who are limited what they can buy. Sipp and Isa returns have been massive.
Saife was imagining a world where dollars no longer exist, and Saylor wasn't. It seemed to me 45 minutes of it was just not realizing this point. IMO, there is no yield in a hyperbitcoinized world because there's nowhere for it to come from. There is yield in a bitcoinized (SoV) world because govt currency will still be there to rise like an exponential tide to fool people who cannot see it. Which of those things happen dictates who is right, but Saylor in particular was not at his best. My two cents anyway.
My thoughts exactly while watching Saylors recent discussion with Saifedean. nostr:note1vs3lfzn9kreruwwjllg4t9t9fjz0s04kdshyc7pqtyektv833xcq5yh8qe
Saylor is a BitcoinBug. He wants NGU and that’s it. He’s not ready for the externalities that come with that.
