pull down to refresh
39 sats \ 1 reply \ @siggy47 OP 23h \ parent \ on: @denlillaapan Made Zero Hedge bitcoin
You make a good point. I still can't bring myself to go near strategy or any of the other treasury companies, but his linked articles reminds me of my younger days borrowing money to buy what I considered hard assets pre bitcoin. Even during covid, those SBA 30 year 3.5% loans were too tempting to ignore. I am more bothered by Saylor's attitude towards self custody (despite his bullshit ex post facto explanations) and him seeing bitcoin as an asset rather than money.
I disagree with a fair amount of Saylors "philosophy" as well, but I think thats the great thing about Bitcoin. Ultimately the shared incentive system is what binds us.
Whether or not he intentionally wants to hasten the destruction of the fiat system, that is the long-term net result.
To that end, the most pressing danger of fiat money games is that paper bitcoin winds up being rehypothecated. However, this is a case where Saylor has huge vested interest to not permit that. If all his fiat purchases are not resulting in higher bitcoin prices then he fails.
reply