Why Nostr? What is Njump?
2024-12-09 19:13:13
in reply to

Thunor on Nostr: What Saylor is doing is abnormal: borrowing huge amounts of Fiat in order to gamble ...

What Saylor is doing is abnormal: borrowing huge amounts of Fiat in order to gamble on Bitcoin, which in turn helps to pump the BTC price.

The manic energy he emits is unhealthy; and he now delivers the exact same mantras each time he is interviewed ... to the point I cannot listen to his whiny voice anymore.

Large concentrations of Bitcoin ownership -- well beyond any Whale status -- will simply translate into increasing degrees of centralization ... which obviously runs counter to the original goals of Bitcoin.

The greed of Saylor and Larry Fink combined will simply increase the risk of a liquidity crisis ... sooner or later ... unless major nation states can be persuaded to copy El Salvador.
Author Public Key
npub1jnqf9jqyd8hygxsc9pe84fqm3lnzdcqzmuvwz04k8sxq0qagsf9s3hlyup