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0 sats \ 4 replies \ @ndLightningBoy 9 Dec freebie \ parent \ on: MicroStrategy Acquires 21,550 BTC; Now Holds 423,650 BTC bitcoin
Last few weeks, he's turned. My advice to him would be to take a step back for a bit. He's not coming across as a smart guy thats a little quirky hes coming across as arrogant, like his shit doesnt stink for lack of a better analogy.
Totally. And I really do believe Bitcoin eventually humbles us all. Everyone thinks he found he infinite money cheat code. It's not real. There is no POW. I think one day whoever is holding his "Bitcoin" is going to screw him. And he will get humbled like we have never seen before. I look forward to it honestly. He's quite smug.
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To put a different opinion out there...
I respectfully disagree. HODL your own keys if you can, 100%. But institutions and publicly-traded companies cannot easily do this
If M Saylor is smart (and he is) the Bitcoin will be mostly at Fidelity... or a range of custodians in a vault in the side of a mountain which is where it probably is.
In a deep, thick vault in the side of a mountain somewhere. Fidelity at least is a really serious company run by serious people... and I have no reason to think that 'any minute' there will be a hack or something I think that's extremely unlikely.
I think Saylor's plan will work out. His is the only company, really, adopting Bitcoin on that scale... and first mover advantage is huge.
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I guess we will see. It's still early. When Bitcoin is 100x in value, this will all look very different. Incentives will change. And I still think he needs to be humbled.
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we will see. i think mr saylor understands what hodlers do and what they are.
but he also has a diverse range of incentives and responsibilities... and it's impossible to balance everything perfectly
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