100 sats \ 0 replies \ @w3irdrobot 14 Mar freebie \ parent \ on: MicroStrategy’s Speculative Attack bitcoin
lots could happen. buying up so much can be seen as manipulation of the price. pumps the price which causes others to hop on. do it for long enough then dump. owning so much gives alot of power if bitcoin ever does become an accepted currency in a place like the states. becoming a bank is interesting. also comes with alot of power.
regardless of what happens, my trust isn't earned by buying up so much of an asset, holding it, and giving back nothing in return outside of empty platitudes such as "there is no second best." i'm not saying he has to give back anything. however, i also don't have to trust his spoken intentions with no actions behind them.