Toby McMann on Nostr: Saylor is put up on a pedestal, and portrayed as a maxi totally committed to the ...
Saylor is put up on a pedestal, and portrayed as a maxi totally committed to the ethos of bitcoin. His strategy, however, to loan bitcoin to "too big to fail" banks, dumping his tail risk on innocent taxpayers payers, to earn interest, encourages risky banking behavior bitcoin was invented to counter. No judgements if he chooses to loan his corn. But he isn't the maxi / HODL'r he claims.
Of course, the "influencers" who preach the benefits of freedom and decentralization -- yet embrace and support X all day long -- are also hypocrites.
Published at
2024-10-14 04:29:47Event JSON
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"content": "Saylor is put up on a pedestal, and portrayed as a maxi totally committed to the ethos of bitcoin. His strategy, however, to loan bitcoin to \"too big to fail\" banks, dumping his tail risk on innocent taxpayers payers, to earn interest, encourages risky banking behavior bitcoin was invented to counter. No judgements if he chooses to loan his corn. But he isn't the maxi / HODL'r he claims. \n\nOf course, the \"influencers\" who preach the benefits of freedom and decentralization -- yet embrace and support X all day long -- are also hypocrites.",
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