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21 sats \ 5 replies \ @BlokchainB 2h \ parent \ on: I think I'm being slowly Saylorized bitcoin
Us small fries have no idea how global capital markets work. You can listen to all the macro in the world the system is so complex and so deep people just tend to say things they don’t have any clue about.
People who hate Saylor for buying coins and impressing his thoughts and opinions on an open permissionless protocol is wild to me. Not like he rugged people like SBF with FTX, BlockFi, and Celsius. He didn’t spin up scam tokens and convinced people to invest in it only to rug pull them.
He saw his company was stuck and decided to do something radical about it.
In this system we like to call capitalism if it is a good idea and drives value to the world then people will buy his stock and if it doesn’t well people can short it.
And if you truly hate him you can take your life savings and short the stock. Dont just say the hate live it with some action. But most haters won’t. They will continue to be keyboard warriors and think the world bends to their world view but sadly enough it doesn’t.
Dont just say the hate live it with some action
Yes,
action > words. It would of course be a scammers wet dream to pull a grift with zero opposition. Best if critics shut the fuck up while they build and let the grifters capture everything through air printing schemes and shitcoins, so that all is ultimately for nothing.If you really see nothing wrong with what Saylor is doing, then it is pointless to talk about it. I cannot imagine that you honestly think this though, but I've been wrong many times in my life, so time will tell.
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You confuse criticism with hatred. I never said Saylor can’t be criticized but hated? Why? Did he murder someone? Steal something?
Saylor is using the capital markets to raise capital and he’s buying bitcoin with it.
No one would give a damn about Saylor if he just continued to run his meh software business with no real way to compete with Microsoft and Google for growth. But because he’s using the company he founded and wants to issue shares on a public market and he is telling potential investors every day what he is doing he’s scamming?
If people get fooled into buying MSTR stock over Bitcoin then we need to do a better job of education but at the same time people have the right to buy what they wish.
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You confuse criticism with hatred.
Do I confuse it? Or do you? Or are we both wrong?
But because he’s using the company he founded and wants to issue shares on a public market and he is telling potential investors every day what he is doing he’s scamming?
Yes, because he's running a ponzi. He had to raise money to pay dividends. That's what happens when you run a ponzi: inflow from new investor pays existing investor. If you're really good at the ponzi game, you make the old investor also the new investor and then they pay themselves. The only participants that can lose in a non-productive scheme where there are only shares being sold, are the shareholders, because there is no one else (except for a bailout, but let's for the moment assume that that won't happen.)
If people get fooled into buying MSTR stock over Bitcoin then we need to do a better job of education
Agreed.
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Sidenote: IRL me has been spending a few months earlier this year rolling up a ponzi that did exactly what Saylor is doing, except at a smaller scale and they didn't have the audacity to do it right under a regulator's nose. Real people get into real trouble when a ponzi implodes, so I will always be extremely negative about claims of glitches claiming to make everyone super rich and no one loses.
Where does the yield come from? From the shareholders. In other words: you are the yield.
@delete in 2 hours
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You do not understand the importance of Bitcoin as a P2P payment protocol.
Saylor does not advance the use of BTC as a P2P payments protocol.
He promotes it as a speculative commodity.
There is a substantial qualitative difference that small fry like you do not understand or maybe don't care about and that is where you are Saylor are perhaps alike.
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