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12 sats \ 3 replies \ @nyan 3 Jan \ on: Why I think The Saylor is A F*cker and Why Some of His Ideas Are Bad For Bitcoin bitcoin
I don’t think it would be a big problem if 20% of the mining power is in the US. The US makes up 5% of world population, so their “fair share” would already be 5%. I don’t endorse what the US is doing geopolitically but there is at least some sort of possibility to enforce your rights there compared to other countries.
When it comes to Saylor, a figure like him was inevitable. The path to hyperbitcoinization was always going to go beyond the original cypherpunks.
That being said, I also don’t like him. He demonstrated repeatedly that he does not understand Bitcoin and his vision of what Bitcoin should be I do not endorse. Thankfully, Bitcoin is money for enemies. Let him cook.
If he wants to lobby for Bitcoin on every balance sheet, I am for it.
If he blows up spectacularly, we get his Bitcoin at a discount.
:)
If US has over 50% of the hashrate they will start censoring Russia or Iran there is no question about that. They will rather want you use their worthless CBDC that you can't own than using Bitcoin.
Saylor wants real bitcoin for himself and the US govt, fake paper bitcoin for US citizens and worthless USD-CBDC for the rest of the world.
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If only the US gov and Saylor hold real Bitcoin, real Bitcoin will not be worth much.
Even Saylor understands that. His problem is that he sees Bitcoin mainly as a store of value, when it is also a unit of account and a medium of exchange.
For his use case, gold would be fine as well since he does not use key properties of Bitcoin at all. I.e fast global settlement.
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That's the plan in my opinion. they want to circle the network and control it to their own terms, construct another matrix around Bitcoin.
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