50 sats \ 7 replies \ @realBitcoinDog OP 27 Oct \ parent \ on: [AITA] I was the first CEO to buy $250M, but call you paranoid crypto anarchists AskSN
@grayruby I think he actually stepped down as CEO specifically to help distance himself from MSTR so he doesn’t violate an SEC rule?
@Solomonsatoshi is right in the sense of his focus was to revive MSTR.
But doesn’t Saylor also personally directly own 17,000 Bitcoin or something? It’s hard cuz he mentions he has no kids his plan is to leave it an an endowment to his university. So I want to think his incentives are aligned, but maybe not?
Love Andreas! Big part of my story. Cannot believe Andreas can know Bitcoin so well, but not be a Maxi
You have raised several strawmen but address none of the central points of my comment and criticism of Saylor.
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Maybe he resigned because he was under investigation for tax fraud which he has now been convicted of-
https://wtop.com/business-finance/2024/06/billionaire-michael-saylor-settles-dc-tax-fraud-case-for-40-million/
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To repeat ~ my primary criticism of Saylor is that he plays completely into the hands of the narrative that Bitcoin is a speculative commodity, not a p2p payments protocol.
This threatens the very core principles and ethos of Bitcoin by undermining it's P2P payment capacity, viability, potential and making it more prone and vulnerable to a ban on private custody.
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Therefore he cannot and does not honestly represent and promote the truth of what Bitcoin is.
He pushes a false narrative.
He plays directly into the hands of those who want to capture and control the protocol by debasing it into a speculative commodity asset.
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Fair point but it's a slippery slope as it is resulting in an ever smaller minority of Bitcoins total issuance being held by individuals free of KYC and an ever stronger use and perception if Bitcoin as a speculative commodity, not a P2P payments protocol.