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11 sats \ 5 replies \ @captain_stacks OP 6 Aug 2022 \ parent \ on: Is Michael Saylor a shitcoiner? bitcoin
I think he sees Bitcoin as an asset, but not as money. He talks so much about borrowing against Bitcoin. You can't borrow against Bitcoin and still hold the keys, and you can only borrow as long as the fiat system exists.
Bitcoin is not like real estate. You can hold real estate your whole life without selling it and obtain utility from it.
THIS. Saylor said in one of his old talks that will use his btc as collateral to borrow fiat.
That means we are going back to fiat and not just that, but still using shity fiat.
Don't put too much faith in Saylor.
YOU HAVE BEEN WARNED!
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Saylor is an outspoken proponent of Bitcoin. But he hasn't understood the bigger picture yet.
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He just defend his bags of BTC "investment" OFC.
He doesn't give a fuck about "fuck the banks and gov" aspect of BTC.
Regarding the question: is a shitcoiner? Can't say. Depends how is your personal view of definition of a "shitcoiner".
When you see him defending fiat use, is pathetic to say that he's a real bitcoiner.
He see bitcoin as an investment tool, no more no less.
Yes, he's defeending Bitcoin as much as he can, in his words. That is good. But I do not consider Saylor a real bitcoiner, in its true values.
Again: don't put your faith and follow "influencers". Do your own research and learn more about what really is bitcoin.
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I think he knows he needs to be careful not to pit Bitcoin against the dollar before Bitcoin is ready. Let's get Bitcoin properly codified as property/commodity first, when we'll work on currency status. Otherwise, we may piss off too many politicians. I think Saylor would talk completely differently in private with friends than he does in public where he knows powerful people are listening. I think he can't wait for the day he can start promoting Bitcoin as currency.
Just my guess, though. I could be totally wrong about him.