121 sats \ 5 replies \ @grayruby 27 Oct \ parent \ on: [AITA] I was the first CEO to buy $250M, but call you paranoid crypto anarchists AskSN
He is never going to promote Bitcoin as a competitor to the dollar. Even if he believed that it would be foolish to say it. As a public company imbedded in traditional finance and under regulatory scrutiny he has to be very cautious about his approach.
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.
reply
reply
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.