Spot on! Never trusted Michael Saylor. He is slightly delusional charlatan with his own secret agenda, not benefiting Bitcoin at all. Bitcoin is indeed money, we just need to use it as such.

Another excellent video. Saylor spent years telling people not to shitcoin. Now he's retweeting DeFi protocols built on Ethereum tokens and hawking preferred stock to retail investors on crypto podcasts. Plebs get Stretch and deep state actors get the Bitcoin. That isn't hyperbitcoinization, that's retail holding the bag. Bitcoin doesn't need to be turned into money. Satoshi already did that in 2009. View quoted note →

The carnival's emperors have no clothes, no coins, and no credibility. When the currency becomes a joke, the jokers are the ones who hoarded it. View quoted note →

Matt is the Red Letter Media of bitcoin YouTube. He just keeps getting better with age. View quoted note →

Fire video calling out Saylor. Take self custody asap. View quoted note →

Bitcoin is money for those who wish to use it as such. I use it as a peer to peer electronic cash system. It was birthed in the heart of the GFC where bailouts socialized losses and privatized profits. Satoshi as a free market thinker created a bank account with zero inflation that is as complex as running a BitTorrent client. It happens to be a great way to save your money for the future because scarcity does matter for savings, and permissionless transactions matter for freedom. As a free market thinker, I see nothing wrong with what Saylor is doing. He is trying to restore the financing mechanism that built the railroads of the US during the Industrial Revolution and was destroyed by taxes and inflation in the 20th century. He has created a custodial bitcoin onramp for people/institutions who never ran BitTorrent let alone their own private keys with Bitcoin... and they never will. I do, I have, and I will because repeating the GFC is not fair to those who wish not to participate in fiat socialism. Saylor has never taken TARP funds for a promised bonus, and has no intention of breaking the protocol with spam. Bitcoin is a fantastic cash system powered by a cash that can't be debated. The user interface mimics a bank account which gold does not do and transactions can settle globally in a matter of minutes and with permanent finality in under 1 hour. As a peer to peer electronic cash system we need to get back to the basics and appreciate it for what it is trying to accomplish.