I've always been able to listen to Saylor talk in his shoulder shrugging, huff puffing way
Some would say he's a snake oil salesman and he not good for Bitcoin, others worship him as an idol
Lately I've been snooping over on X and following some of the Strategy pages and groups, partly because of @denlillaapan takedowns on here
And I wanted to look into it a bit more
I found this video uploaded yesterday
And I found some absolute classic Saylorisms:And I found some absolute classic Saylorisms:
Saylor on boomers and AI
When the boomers say, we don't want the students using the AI
Boomers: Well the problem is, the kids are using AI and the AI has given them answers, so we want to train the AI not to give them the answers
So if a kid got a jackhammer and jackhammered through the mountain, that's a problem because we really want the kid to bang away on a rubber mallet like we did.
These people are worried that this technology will work too well, so they need to dumb it down and make it woke
Saylor on the quantum threat
Intelligent people normally respond to challenges in an intelligent way, the only people that won't are just that part of the community that hate Bitcoin
And normally people that are spreading fud are usually trying to sell you something
Even @justin_shocknet should agree with Saylor on that one!
Saylor on the knots debate
We should be hyper hyper conservative about changing the protocol
And we should make sure that we have global concensus, when the entire planet believes that the quantum risk is a threat to not only Bitcoin, but also to defence and banking etc we should upgrade the network
But when you only have half the community saying it's a bad idea, we should slow down before we make any major decisions
If you wanted to undermine the network, the way you'd do it is, by infinite funding of highly qualified developers and tell them to improve it.
The lack of rapid change to the protocol is the feature not the bug.
Whatever you think of him, is up to you and I'm sure there's a Million conspiracies about his motives
I think his sentiment is in the right place but we shall see what the future holds.
If you listen to Saylor you are a fucking moron.
From Darth's pov I can sympathize with that 🫂
What's by your estimate the difference between Darth's p.o.v. and your own?
I'm coming into Bitcoin from the beginners side and I agree that self custody is the way, overall I'd say treasury companies, large banks, governments will cause problems eventually and people should look at it from a spectrum, you have beginners like me and og's like yourself and darth and one needs to follow the spectrum along the right path and not get caught out by the traps
Although sometimes we have to make our own mistakes in order to learn deeply, it's good to think about what Darth is saying.
In this case: it's fairly easy to imitate a maxi, while literally printing stonks to buy bitcoin and building an L2 of
greater fools, on top of stonk scams btw, not on top of Bitcoin. That last thing is probably the most important to understand. Without a printer (in this case stonks), Saylor's scheme cannot exist, but without Bitcoin, he can do it easily: just swap for precious metals or anything really that in the public's eye only has NgU potential. Therefore, Saylor has nothing to do with Bitcoin, he has everything to do with printing stonks. Like every other low life scammer in the ponzi industry.Thank you, that's a great explanation, I've read a lot of your responses on here and your highly knowledgeable on the technical aspects and the broader cultural points.
I don't know if I'm that awesome, haha. I just have been lucky to think about this for a significant time.
Thanks though.
I was also listening Saylor in the beginning in 2020-2021, just to see what is "his vision"... but from my POV not being fooled by his words.
And I wrote this in 2021, where I pointed out exactly what Saylor wants:
https://telegra.ph/LendingBorrowing-in-a-Bitcoin-world-07-05
I also wrote this: #446513
Someone spread your Saylor @ Atlantis "review" because I remember being linked to it - before I decided to actually participate on SN. I think that was well received.
The "own all the bitcoin and then lease it out" goal is a nightmare scenario. We'll see.
Always keep in mind what Saylor wants and is this: the homo rektus or homo fiatus
And yet you resolutely boycott the MoE use of sats on Stacker News while posturing to be a Bitcoin Maxi who lives on the BTC Standard.
I say you are a fake and a hypocrit.
Actions speak louder than words @DarthCoin your actions are not those of someone who wants to and is living on the bitcoin standard- your actions are those of an arsemilking parasite hypocrit.
Us small fries have no idea how global capital markets work. You can listen to all the macro in the world the system is so complex and so deep people just tend to say things they don’t have any clue about.
People who hate Saylor for buying coins and impressing his thoughts and opinions on an open permissionless protocol is wild to me. Not like he rugged people like SBF with FTX, BlockFi, and Celsius. He didn’t spin up scam tokens and convinced people to invest in it only to rug pull them.
He saw his company was stuck and decided to do something radical about it.
In this system we like to call capitalism if it is a good idea and drives value to the world then people will buy his stock and if it doesn’t well people can short it.
And if you truly hate him you can take your life savings and short the stock. Dont just say the hate live it with some action. But most haters won’t. They will continue to be keyboard warriors and think the world bends to their world view but sadly enough it doesn’t.
Note to self: include in updated translation guide😀
A lot of this is no different as when CeFi exchanges were getting started in Bitcoin back in the 2016/17. BlockFi, Voyager, Celsius, 3ac, all those fucks got started back in those days. They even survived one or two major market crashes.
Did that help? No, actually it made things worse, because their survival gave a fake appearance of strength, which fooled more plebs. And, I think, it gave those scammers false confidence that they could endure a crash. Then 2022 comes around and they were all annihilated, taking the plebs with them.
I'm conflicted on his take
On the one side, quantum is a complete hoax and has been debunked by world-renowed computer science professors, there's no room for debate. Everyone fearing it should be called out has having been scammed, a scammer, retarded, or all of the above.
I'm pretty sure Saylor, as a top spook out of Washington, knows this.
But on the other hand, his position at the pulpit might warrant "It's easier to fool people than to convince them they have been fooled" and spread these platitudes about upgrading/freezing coins until the concern trolls exhaust themselves or are beaten down by reality.
My issue with the latter is it gives upgradooors a lifeline to portray Bitcoin as malleable by baseless FUD, which is imo a worse overhang than quantum itself.
I don't have any issues with "quantum hardening", but what's this about frozen coins?
I don't think it's settled at all what to do with coins who don't upgrade to quantum resistant addresses.
Since there is no Quantum, hardening is just using new - and likely backdoored -encryption standards being pushed by the IC via NIST.
Lopp's BIP that would do exactly that seems to have overwhelming support on the Core repo... where dissenters are getting banned or their posts ghost edited.
Agreed.
Great reply JS knew you'd be thinking on multi levels
what do you even mean by "Saylorized" ?
my initial understanding of that neologism seems to be different from how you might have defined it... you seem to mean "won over by his rhetoric", rather than "turned into a likeness of him".
I'd just recommend avoiding this sort of neologism, unless you consciously wish to strengthen the personality cult around someone.
don't get me wrong, my hating on him (usually/mostly because it's all Bitcoiner Twitter + financial press talk about these days!) isn't a comprehensive assessment of everything he's ever said. Some of it is correct, a lot of it is really, really good. Most of his interviews, i.e., the one with Jordan Peterson, are incredible
Like what you have gathered here.
Esp this, resonates:
Agree Den, looking forward to the next FT rundown 😁
Would you zap someone who has deliberately disabled their SNs sats sending wallet so that they cannot ever do the same for you in return?
Saylor also have blindspot. When he was asked about quantum threat he started talking about mining and difficulty adjustment.
While technically true, quantum does speed up mining blocks, quantum is all about breaking UTXOs private keys.
This one slip-up significantly reduced his legitimacy in my eyes.
He told once very strange things about self custody but then corrected himself.
https://twiiit.com/i/status/2001773260996784341