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73 sats \ 0 replies \ @SpaceHodler 3 Aug 2023 \ parent \ on: Is MicroStrategy's accumulating btc hoard good or bad? bitcoin
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.