Michael Saylor AMA? \ stacker news ~meta

He literally said: "I will hold BTC and will create a stablecoin backed by that BTC and lend it to you". Same as banksters did centuries ago with gold....

222 sats \ 17 replies \ @siggy47 2 Nov 2023

He comes from the world of finance /Wall Street. A big part of his imagined bitcoin world will be borrowing off of your bitcoin as collateral so you don't have to sell it. He believes in debt.

0 sats \ 16 replies \ @DarthCoin 2 Nov 2023

He believes in debt.

Exactly that. And debt means fiat world.

186 sats \ 15 replies \ @siggy47 2 Nov 2023

You're right to the extent that he believes that, at least in the U.S ., the dollar will continue to exist as the U.S. currency along side bitcoin.

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0 sats \ 0 replies \ @nemo 2 Nov 2023

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2110 sats \ 1 reply \ @Wumbo 1 Nov 2023

There has to be an easier way to stress test Stacker.news. JK

0 sats \ 0 replies \ @CryptominerGMI 1 Nov 2023

LOL. Well said!

1168 sats \ 0 replies \ @ryu 2 Nov 2023

This will be the best thing for Stacker News if it happens, so it needs to happen.

938 sats \ 0 replies \ @BitByBit21 2 Nov 2023

Pretty sure he would be up to it, sounds like a great idea!

826 sats \ 0 replies \ @locomancell 2 Nov 2023

Yeah let's do it @saylor

826 sats \ 0 replies \ @Ge 2 Nov 2023

If he is really Giga Chad he will come

668 sats \ 1 reply \ @2bithits 2 Nov 2023

He can talk

But can he type? 🤔

0 sats \ 0 replies \ @nemo 2 Nov 2023

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513 sats \ 2 replies \ @nitter 1 Nov 2023

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1544 sats \ 1 reply \ @nemo 1 Nov 2023

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615 sats \ 0 replies \ @nitter 1 Nov 2023

👀

0 sats \ 1 reply \ @Car 3 Nov 2023

🤣 I want ask about all his yacht parties.

0 sats \ 0 replies \ @nemo 3 Nov 2023

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0 sats \ 9 replies \ @DarthCoin 2 Nov 2023

I think ard many others more important that should come to SN.

Saylor is just Bitcoun marketing department but will not help in any way real adoption. The fact that he buys and only hold BTC it doesn't mean he want people to use bitcoin as money.

He literally said in one of his old interviews: I will buh and hold as much BTC I can and use it as collateral for lending more fiat.

Don't be fooled by his nice words about bitcoin. Is a trap. He's a total fiat maxi.

Let me know when he will start paying his MS employees in btc and you see him buying groceries with btc. Until then... he's just a useful marketing tool.