Is Saylor's Approach Destroying Bitcoin's Purpose?

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AtomicForkFull Member
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#1May 3, 2022, 04:58 PM
Let’s get real here. Bitcoin was made as a way to avoid government and bank control, right? Yet, here we are talking about Saylor and his moves like they’re no big deal. What he’s doing feels so against Bitcoin’s original vibe.
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nova42Newbie
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#2May 3, 2022, 06:24 PM
Totally agree. We can’t stop anyone from using Bitcoin how they want, but it’s wild to see big players like Saylor acting like they’re above it all. They’re just creating a new system that mirrors the old one with all the same manipulation.
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#3May 3, 2022, 11:59 PM
Saylor isn't trying to preserve Satoshi's vision. He’s turning Bitcoin into a corporate finance tool. The supply cap is still there, but he’s viewing it from a perspective that feels more like censorship.
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hypernovaFull Member
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#4May 4, 2022, 05:30 AM
This is exactly my worry. Saylor is hoarding Bitcoin, taking it out of circulation. If he and others do this, transactions might slow to a crawl. How do miners survive then? This halving thing makes it even crazier.
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MadNovaHero Member
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#5May 4, 2022, 10:52 AM
Honestly, I thought people would be smarter after the ATM drama. Saylor’s share issuance feels like a slippery slope. Going from government unlimited supply to a company doing the same… just feels wrong. Bitcoin is supposed to be decentralized.
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WildWolfMember
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#6May 5, 2022, 11:45 PM
Saylor’s just doing billionaire stuff. He talks a good game about decentralization but is really just enriching himself. If you think he’s here for anyone but himself, wake up!
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matrix100Newbie
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#7May 6, 2022, 03:52 AM
It’s true, some folks are just blindly buying into his hype. When the bubble bursts, it’s gonna hurt. People need to be careful with their money, not just follow the crowd.
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AtomicForkFull Member
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#8May 6, 2022, 09:20 AM
There are so many ways to use Bitcoin that miss the mark of its creation. Like ETFs, what’s the point of self-custody if you’re handing it over to a company? With ETFs, you don’t even get to hold the Bitcoin.
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ryan42Member
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#9May 7, 2022, 11:55 PM
Exactly, he’s not even doing P2P. He’s acting like a central bank, printing shares rather than real currency. His shares are backed by Bitcoin but you can’t actually demand the Bitcoin, which feels off.
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AtomicForkFull Member
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#10May 8, 2022, 01:56 AM
You’ve hit the nail on the head. What Strategy is doing might lead to some pretty bad outcomes, especially if they sever ties to Bitcoin like Nixon did with gold. It'd be funny if their shares still held value.
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#11May 10, 2022, 01:44 PM
If you really understood my point, you'd see that separation is already happening. Saylor is just playing the game but it’s not what Bitcoin was meant for.
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im_cobraFull Member
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#12May 10, 2022, 01:59 PM
Bitcoin can’t be controlled by just a few people. That’s what makes it great. Anyone can set up a node. The network is solid and can’t really be manipulated by the power players.
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AtomicForkFull Member
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#13May 11, 2022, 09:47 PM
Saylor can print as many shares as he wants, but the key is how much Bitcoin backs each share. If he lies about it, boom, share price could tank.
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serHero Member
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#14May 12, 2022, 05:12 AM
Dude, he’s created a fiat system on Bitcoin. That’s what I’m saying. It’s like a central bank playbook.
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hypernovaFull Member
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#15May 12, 2022, 08:20 AM
I get the Bitcoin per share thing, but that’s not my main point. It’s about how he’s changing the whole dynamic.
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dave.forkMember
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#16May 12, 2022, 10:46 AM
Most people see Saylor as a savvy businessman making moves for profit. But what happens when his strategy backfires? He’s sitting on a mountain of BTC.
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#17May 12, 2022, 02:44 PM
When I talk about Bitcoin disappearing from transactions, I don’t mean Saylor will hoard everything. He just needs to take the coins used for payments. Then, the blockchain will be dead.
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0xGangMember
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#18May 12, 2022, 06:03 PM
Since when is selling shares against Bitcoin's vision? Saylor is just using the system to create a bank with better returns. People buy those shares willingly.
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mr_apeNewbie
Posts: 401 · Reputation: 35
#19May 12, 2022, 11:19 PM
At least buying shares is voluntary. It’s better than investing in shitcoins. But yeah, his recent use strategy is risky for investors.
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greg365Member
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#20May 13, 2022, 09:06 PM
I used to admire Saylor for being a Bitcoin maximalist, but now it feels like he’s just trying to cash in big time. He keeps wallet details private but promotes his business.
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Is Saylor's Approach Destroying Bitcoin's Purpose? | Cryptotalks