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18 Comments
this guy scares me sometimes xD
Satoshi 2
I’m beginning to think that Michael Saylor doesn’t actually know how anything works, including Bitcoin, which is weird since he definitely sleeps cradled under a Bitcoin themed weighted blanket.
Burning the keys to a wallet requires access to that wallet, which you can’t do if you’re dead, and you can’t trust anyone else to burn the keys rather than spending the money.
That is old news man..
Now he really is just chatting out his arse
What about his shareholders?
I hope he is talking about his personal wallets instead of Microstrategys wallets.
Who appointed him mayor of Bitcoin?
How is that a gift? It’s taking more potential liquidity out of a finite network. Isn’t the network meant to be used?
How can you destroy the keys when you are dead ?
Do you guys think BTC needs such a ”figure” like Saylor. I know he’s probably helped with making crypto more ”legitimate” but I also wonder if BTC really needs a face. Plus he makes us seem a bit cultish?
And do we really know his endgame? Maybe he is manipulative.
HIS keys, NOT MicroStrategies’. Big distinction.
The only thing dumber is anyone who believes it.
That could only be true for his personal BTC. I don’t think the board of MSTR would approve.
My dog will inherit my sats and be the fanciest pooch in the whole block.
Aren’t his Btc on a Coinbase wallet?
I don’t know how the creditors will let him do that.
tldr; Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, supports the idea of destroying Bitcoin keys upon a holder’s death. He argues that this would reduce Bitcoin circulation, enhancing its scarcity and value. With 94.878% of the 21 million Bitcoins already mined, Saylor believes that burning keys would be a “pro rata contribution” to all Bitcoin holders. His proposal has sparked debate, as it could impact the Bitcoin ecosystem and goes against financial inclusion principles. Saylor’s firm is the top Bitcoin holder among public corporations.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
In the next crypto bear market MicroStrategy will be forced to sell Bitcoin other wise they will go bankrupt. The company is over leveraged and needs to sell some Bitcoin late this year or hedge. A dip to the late cycle ATH or even perhaps $30k is possible.