I'd lean towards the laissez-faire side here. They will do what they want to do and if that destroys Bitcoin, Bitcoin is trash and it's not worth defending. And if Bitcoin is indestructible, it doesn't need defending.

You can only build a sound financial system on something that's robust, and it's not robust if it relies on people being selfless and not wanting to enrich themselves. The power of Bitcoin is that acting out of self interest aligns with the greater good; in fiat it doesn't.

If people continue to view Bitcoin as a way to get rich and avoid it for that reason, I'll happily scoop up those cheap sats they leave on the table until their ignorance diminishes and they start buying too. Because eventually it will.

Couldn't agree more. MicroStrategy is such a fascinating example, where they make a lot of money, and they could devote a portion of that money to serving / incubating / nurturing the broader ecosystem, instead of going through all these gymnastics to buy btc.

They've already got so much btc that they will be rich beyond imagining if things work out well. Seems so much more opportunity to use their unique position to invest in supporting the dirty work that always languishes -- supporting devs, helping w/ testing and documentation, developing and releasing tools into the community, etc. A million bucks spent doing that seems so much more valuable than buying another million bucks in btc, for a variety of reasons.