Oddbean new post about login | logout Fake news. Sensational 2nd hand info from a cousins brother’s friend who knows a guy on Wall Street who knows another guy who overheard it in the bathroom. Stop the narrative. 🛑 You’re better than this. Much.
My best friend's sister's boyfriend's brother's girlfriend heard from this guy who knows this kid who's going with the girl who said Saylor pressured an ETF not to fund Bitcoin devs. 😂
Exactly... #Satoshi wrote the program and created the protocol over 15 years ago. What is there to develop? Maintenance yes. Development no. Most of you are two young and inexperienced to know this technique. But Michael #Saylor surely would know it. It's a well-established Machiavellian technique used in business and the tech world. It called embrace, extend and extinguish. Satoshi's code base has already been compromised by so-called development, and has to be repaired. We don't want any more of that..👎
IF EVERYONE STOPPED SIMPING AND SIMPLY ASKED HIM “SHOULD WE SUPPORT OPEN SOURCE DEVS,” PRETTY SURE HE WOULD STRAIGHT UP ADMIT IT.
Ask him. You have a platform. Is the argument that he wants to close-source the whole thing under his BTC Development Company named Microstrategy?
WHEN HE SAYS DEVELOPMENT COMPANY HE MEANS LIKE REAL ESTATE. AKA JUST OWNING A LOT WITH SUIT BULLSHIT ON TOP. IF HE WANTS TO COME ON RHR OR DISPATCH HE IS ALWAYS WELCOME.
“We can leverage our market cap in order to issue equity, issue debt, buy back our debt, we can restructure our capital structure so that our shareholders get more Bitcoin,” stated Saylor. The MicroStrategy executive chair likened this strategy to developing real estate, saying the company is issuing securities to buy more Bitcoin. Saylor added that this pivot is also “to promote the Bitcoin network, lock up the Bitcoin forever, and build the entire ecosystem.”
YEA BRO YOU ARE JUST AGREEING WITH ME. ANYONE CAN JUST ASK HIM THE QUESTION. OUT HERE TRYING TO SECURE FUNDING FOR OPEN SOURCE DEVS WITH NO DIRECT BENEFIT TO ME AND HE IS KILLING DEALS.
Ooooooh. I get a Bro response. I’ve made it. This is a good day. Read the last sentence again though. “Build the entire ecosystem” ………..related to L2, L3 +++++ I’m just trying to make sense of your comment. Saylor just bulling ETF’s is fucking retarded to say. I’m trying to give some ammo or reasoning for this ridiculous statement.
Saylor is a statist just listen to him on episode 187 of the Bitcoin standard podcast. Microstrategy is also a 15 minute drive from the CIA office, think whatever you want of that. Saylor probably doesn’t fund bitcoin development because the way it is today is more efficient and profitable for him. He needs dollars to continue playing fiat games with bitcoin. No one knows for sure what his intentions are but I’m very suspicious of him. https://video.nostr.build/504e7ce93035dac036002c4db8ae9fc2de9aa0939cbd38da4e517828cb61dcc9.mp4 https://video.nostr.build/0124c98cbc1dc484ab63f43a2eee9d1c74409e5cb043c1de200682fd7de4dff9.mp4
Out of context clips. Zoom bang bing ow bang boom. https://image.nostr.build/d8c81cadbcba52ce2a3918e3b4071537054b749b2ea10ff619854a2a034fe422.jpg
If you really care about the full context, listen to the podcast episode I referenced and tell me if you think he’s not a statist haha
@nobody
Fiat currency is here to stay for generations and billionaires are not going to self custody. Where is the lie in those statements?
There’s no point in arguing about the future of fiat or how billionaires will custody their bitcoin because no one knows what’s going to happen. My point is that we shouldn’t trust saylor simply because he stacks a lot of Bitcoin especially when he seems like a huge statist and doesn’t support open source development.
Diplomacy bro. No one wants to get their heads chopped off
Exactly until Billionaires don’t rely on the state for some measure of protection, securing resources, whatever is provided, it all shall exist. People will keep doing stuff to get the things they want and at some point they don’t care at all about hidden costs. Check your desperation and motivation but how do you really know until you are tested?
That’s very possible and something I considered but we can’t ever know what is in his mind so his intentions don’t matter to me. His actions do. If he did block Bitcoin development, then fuck him. It’s like Michael Bitstein said, “everyone is a scammer.” Saylor is stacking his bag with tools that people like us don’t have access to. No one can get loans at the interest rates he can. People like us need the open source development of things like mutiny, sparrow, nostr, mempool.space, whirlpool.
All FIAT will be gone in under 30 years.
@The Minnaar Collection
Yes, most people are statists. Bitcoin helps protect one from them. Ironically, Saylor's acquisition and holding strategy strengthens bitcoin and fosters more liberty. Net positive in my opinion
I think basically Saylor has a model that needs to remain predictable. Devs yeeting shit to prod and doing NOTHING when a spam explot is discovered does not lead to a predictable environment. So you starve the devs and ossify as much as you can.
Saylor is a Statist, he has too much to lose
At a certain level, we all are. I just need some reasoning other than crazy opinions. He’s been a net positive for BTC. That’s a fucking FACT.
What does Saylor have to gain? POWER
satsmcd your nostr schtick is usually dumb sarcastic takes to razz people up is this another one? or this something you actually believe
You know me. I have zero idea who the fuck you are. And don’t really care. Tbh. Go……….fuck………yourself. Directly in your own face.
Bitcoin is for enemies. No gatekeepers here
You’ve clearly never been to a conference 😂
The only thing that’s sus about saylor is him not embracing bitcoin as a medium of exchange
Gold or real estate aren’t MOE either. He’s saying yet. It could be. Could, not should or will be. For our lifetime & the next you’re better off dealing in the reality of Digital Real Estate or Gold with the ability to borrow against it while converting the the local currency of where you live.
Saylor is losing the plot It’s Peer to peer digital cash Not Peer to peer digital gold And not Peer to peer digital real estate
Man, what a day. https://i.nostr.build/WG5zk.gif
Why would an ETF cave to Saylor? What power does he have over them? Need more details.
Because he's the #1 ETF pumper out there
Exactly. And also, what etf has ever publicly stated they are using their personal funds to support open source devs? None. That I know of. What funds? Fees from the ETF? So anyone buying the ETF are the ones funding devs? Doesn’t pass the smell test.
The reasoning is he was a CEO of a publicly traded company. He had a fiduciary responsibility to the shareholders to make sure his fiat federal reserve notes didn't melt away to inflation. If he thinks ossification is the way to continue to deliver shareholder value he is going to promote that...because he has to. I'm not defending that, I'm just stating a fact.
Sure, with illegal, behind the scenes, manipulation tactics dealing directly with public ETF’s? Are people fucking retarded?
I don't follow where you're going with this.
"Lock up the bitcoin forever.." Isn't that the Black Rock attack vector? Keep buying, never sell, and wait it out a few decades until you reach a critical mass? The game theory doesn't help much if they position themselves to be filthy rich whether bitcoin wins or not..
I just think, on the whole, he is a decent guy.
What the fuck is the question here?
Exactly. Hey Saylor, why are you bullying ETF’s and trying to kill open source devs? Is that it?
Stacking Sats > Staying Humble > #Simping4Saylor
Math checks out.
I crunched the numbers. It took forever Laura.
Is he?
I think so. I like @ODELL His push re: get off exchanges was helpful to me. Quite. I’m just trying to understand.
Spread uncorroborated information, to make others look bad, and thereby make myself look good to further a cause I believe in, reinforce my “brand”, and sustain my life. I think we are all capable of this and we all do it, all the time. We are human. Don’t let your heroes surprise you, whilst hiding behind a veil of altruism. We all shit from the same hole, Sats. We are all in this together. In the end, it will be us small-fry plebs that will make all the difference.
Wasn't there another dude who was famously altruistic? This Odell guy's even more self aggrandizing about the altruism. How do you earn a living Odell?
I MOSTLY JUST LIVE OFF OF MY BITCOIN SAVINGS TBH. I SPEND MY TIME SUPPORTING BUILDERS IN THE BITCOIN ECOSYSTEM VIA OPENSATS AND TEN31. I SAID MY PIECE. TAKE IT AS YOU WILL.
SAYLOR HAS MORE FANBOYS THAN I WAS AWARE OF. HAVE NO IDOLS EVERYONE HAS FLAWS. EVEN ODELL BUT IN THIS SITUATION THE ONE WHO IS IN THE BACKGROUND STOPPING DEALS TO FUND OPEN SOURCE DEVELOPERS IS IN THE WRONG.....
Absolutely, everyone has their flaws but it's important to hold those in power accountable for their actions. Supporting open source developers is crucial for innovation and progress. Thank you for bringing attention to this issue. #OpenSource #SupportDevelopers
Agree about idols & fanboy shit but this is such a ridiculous point that it had to be called out. Zero evidence. Bullying ETF’s, as a publicly traded company. Isn’t that illegal? Ok Jan. Sure. Sure. Makes sense. Sure thing. He’s a power hungry statist. Got it. Manipulating ETF decision making daily. Yup. 👍 Next just say Saylor hurts puppies. Fucking dumb dumb dumb.
What’s all the Saylor FUD? Please tell whomever is spreading it, “Saylor has made me a LOT more money than you ever will, so GFY.”
TERRIBLE TAKE. SAUDI PRINCES ALSO HAVE MADE MORE MONEY THAN YOU SO I GUESS GFY. IRRELVANT TO THE CONVO.
It's basic incentives. If Bitcoin is expensive on the base layer, users need banks to hold it for them. This allows all the shady practices of traditional banking to continue. Bank runs are difficult because the network becomes congested and fees climb prohibitively high. Anyone who holds a lot of Bitcoin can become a bank and profit off others. Whether it's Saylor or Swan, BlackRock or Coinbase, this is their incentive. But Bitcoin is controlled by proof of work, not proof of stake. Miners are incentivised to maximise on chain transactions, fees x volume. If the fees prevent transactions they would rather scale the base layer. Users are incentivised to control their own keys to prevent losing funds and having the value of their Bitcoin diluted by fractional reserve banking. They also want the lowest cost nodes, so would rather scale through permissionless scaling solutions. The block size wars were users vs miners, users prevailed with the UASF for taproot which enabled lightning for scaling, rather than large blocks. There are limits to lightning which is becoming clear. The next will probably be users vs bankers. In Bitcoin, be ready to burn your heroes.
I thought I was the only one who saw the banking endgame people like Saylor are probably playing. No corporation buys that much Bitcoin to simply sit on it, forever. nostr:nevent1qvzqqqqqqypzquchlyfu8hnnn6p6ktwuvuq23aw27306ckszc65gdd27lxm7xn2pqyghwumn8ghj7mn0wd68ytnhd9hx2tcprdmhxue69uhhg6r9vehhyetnwshxummnw3erztnrdakj7qpqmwnyhlv8ur0dqmy85hwtren0y9unpf655yu3lfv5qgx58rypl2hscrgdsu
How will you protect Bitcoin from Jews?
How will you protect Bitcoin from socialists?
Did you just call all jews socialists? https://m.primal.net/HjrL.gif
Saylor buys up massive amounts of Bitcoin for Microstrategies and drives up the price for other buyers, and it's like... but why? Is he now the JP Morgan of Bitcoin? Can he wipe everyone out by crashing the price? This is why I stopped cheering him on, a couple months after he entered the scene.
Well traditional banking wasn't that bad. I mean, you NEED a place to store your gold. You NEED someone with money/gold if you want to take a loan. In a non-fiat world you can't just print money. Traditional private banks like (please don't laugh) they where in the "wild West" are absolutely legit in my point of view. If Saylor is the only one doing it, you can't blame him for that. Isn't that what we want - the end of central banking? The end of bailouts? Had a discussion today with other plebs about people really WANTING someone to secure / take custody of their BTC.
We already have a system of private banks that are interested in doing that, to counter the CBDC move by the Fed. Like the German Raiffeisen, which is a savings and loan type of organisation. Those would be lots of smaller banks, tho, and not five new central banks. It's the concentration, that is detrimental.
So they should buy more BTC 🤷♂️ and not Michael sailor should buy less
He is free to buy all of the Bitcoin he wants and I am free to find it sus.
I get your point but game theory says he's doing the right thing. I mean, if he believes in BTC, why should he NOT buy as much as he can get his hands on 😂
Because heavy concentration undermines trust in the money and reduces its value proposition.
Here there be dragons 🐉
What Devs are building to enable zaps from wallets that are too small to be economical on the base layer, is applicable to the future of Bitcoin. These micro transactions are the marginal case for Bitcoin that will continue to grow as Bitcoin adoption continues. Minimising trust and maximising access and privacy is essential. Proof of reserves, open source code, no KYC etc. These are all compromises from securing your own keys. We need to make sure that as the base layer becomes congested that controlling your own Bitcoin in a permissionless way continues to be the highest priority.
It's an obvious play, but people who are payed to speak tend to be more vocal. Take note of influencers who are defending and calling out behaviour that undermines Bitcoin. I wish there was a way to flag accounts on nostr so you could privately (or publically) make notes about accounts for future reference.
How many times do I have to say “here be dragons 🐉 “ like almost literally dragons on piles of gold Here’s the fun part about living out these fantasies though: You’re the dragon to somebody’s knight, if you choose to be. https://image.nostr.build/5e631ba98bbc483b4763906a0c936b1b335ecb8e0d63e923515b0a228befe918.jpg
they run Ten31 VC fund. look at new public miner GRIID. announcement for first public traded Ten31 company that came on the market at $8 then crashes, 300k shares repurchased at $1. waiting on delayed filing now. https://griid.com/financials/sec-filings/default.aspx Bitcoin is for enemies axiom- all nodes assumed to be adversarial.
