218 sats \ 18 replies \ @DarthCoin 2 Nov 2023 \ parent \ on: Michael Saylor AMA? meta
Listen from this point, of this interview
He literally said: "I will hold BTC and will create a stablecoin backed by that BTC and lend it to you".
Same as banksters did centuries ago with gold....
He comes from the world of finance /Wall Street. A big part of his imagined bitcoin world will be borrowing off of your bitcoin as collateral so you don't have to sell it. He believes in debt.
reply
He believes in debt.
Exactly that. And debt means fiat world.
reply
You're right to the extent that he believes that, at least in the U.S ., the dollar will continue to exist as the U.S. currency along side bitcoin.
reply
As I said many times before: US wll be the last place on Earth that will fully adopt Bitcoin. US People are too deep into debt fiat mentality...
reply
I agree. The elite have built their wealth through debt while preaching the virtues of thrift and savings to the peasants.
reply
deleted by author
reply
Elon's model for x.
reply
Elon will be the first one in introducing
linked to a CBDC.
@remindme 1 year
deleted by author