I came across a post on the Bitcoin Talk Forum that raised an interesting criticism of Michael Saylor's Bitcoin strategy.
The idea is that Bitcoin was created as a scarce asset with a fixed supply of 21 million coins and as an alternative to debt-based financial systems. However, Strategy keeps issuing new shares, preferred stock, and debt to raise capital and buy more Bitcoin.
The argument isn't that Saylor is creating new Bitcoin he obviously isn't. Rather, it's that he's creating more and more financial claims backed by Bitcoin, which some people see as recreating the same credit-based system Bitcoin was originally designed to replace.
Do you think this criticism is valid? Is Saylor helping Bitcoin adoption by bringing it into traditional capital markets, or is he building a Bitcoin version of the financial system Bitcoin was meant to disrupt?
Curious to hear both bullish and bearish perspectives.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments