There are many reasons Elon Musk will never fully embrace bitcoin, but perhaps two of the most obvious:
1) He is a narcissist and unable to accept that something so grand was not only created by somebody other than himself, but because he was so late to understand the broader implications of a bitcoin standard.
Bitcoin is bigger than Elon. He will be humbled, but never admit his mistake.
2) His companies are dependent on the fiat standard. When we talk about the "cantillon effect;" he and his business ventures have always been first in line for the free, easy money.
He thrives on the fiat standard.
bryan / Bryan
npub1dl…tfd8s
2024-02-04 18:40:34
Author Public Key
npub1dld9hn3gsgtkh7atl26s8gd49qfjjkpdw8ztap9mk4n7vhq60y0satfd8sPublished at
2024-02-04 18:40:34Event JSON
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"content": "There are many reasons Elon Musk will never fully embrace bitcoin, but perhaps two of the most obvious:\n\n1) He is a narcissist and unable to accept that something so grand was not only created by somebody other than himself, but because he was so late to understand the broader implications of a bitcoin standard.\n\nBitcoin is bigger than Elon. He will be humbled, but never admit his mistake.\n\n2) His companies are dependent on the fiat standard. When we talk about the \"cantillon effect;\" he and his business ventures have always been first in line for the free, easy money.\n\nHe thrives on the fiat standard.\n\n",
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