I'm listening to the Saylor/Saif podcast, and I'm realizing that Saylor is a Bitcoin maxi and a shitcoin maxi. I have a lot of disorganized and incoherent thoughts around that.
He represents a cohort of the current system that recognize the value of Bitcoin, accumulate Bitcoin, and refuse to let go of it. The only way that works is to collateralize the Bitcoin and maximize economic transactions in shitcoins (shares, bonds, fiat, stablecoins, shitcoins, etc.).
So long as the world can be scammed into transacting in shitcoin, They will never stop stacking for free.
Saylor is making the same case as Bitstein did in 2014: that Everyone's a Scammer, even you. Bitcoin maximalists can and should play the same game, stack for free by holding Bitcoin and transacting shitcoin; perform the speculative attack.
Build Bitcoin slowly and steadily until it technologically eclipses every shitcoin in existance, and no one can reasonable be convinced to forego Bitcoin.
Jay
npub10m…x27hf
2024-12-23 13:59:39
Author Public Key
npub10mtatsat7ph6rsq0w8u8npt8d86x4jfr2nqjnvld2439q6f8ugqq0x27hfPublished at
2024-12-23 13:59:39Event JSON
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"content": "I'm listening to the Saylor/Saif podcast, and I'm realizing that Saylor is a Bitcoin maxi and a shitcoin maxi. I have a lot of disorganized and incoherent thoughts around that.\n\nHe represents a cohort of the current system that recognize the value of Bitcoin, accumulate Bitcoin, and refuse to let go of it. The only way that works is to collateralize the Bitcoin and maximize economic transactions in shitcoins (shares, bonds, fiat, stablecoins, shitcoins, etc.).\n\nSo long as the world can be scammed into transacting in shitcoin, They will never stop stacking for free.\n\nSaylor is making the same case as Bitstein did in 2014: that Everyone's a Scammer, even you. Bitcoin maximalists can and should play the same game, stack for free by holding Bitcoin and transacting shitcoin; perform the speculative attack.\n\nBuild Bitcoin slowly and steadily until it technologically eclipses every shitcoin in existance, and no one can reasonable be convinced to forego Bitcoin.",
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}