Saylor's Bitcoin strategy is a ‘betrayal’
BTC, on the other hand, cannot function this way. It has been distorted, manipulated, and centralized—now incapable of facilitating simple transactions without the intervention of intermediaries
Saylor recently told Bernstein analysts that MicroStrategy is “a Bitcoin finance company” and that the goal is to amass $150 billion In Bitcoin holdings. The Tysons Corner, Virginia-based company is the largest corporate Bitcoin holder globally.
Craig Wright:
Bitcoin, as designed, is meant for small, casual transactions, peer-to-peer, without the need for a middleman.
BTC, on the other hand, cannot function this way. It has been distorted, manipulated, and centralized—now incapable of facilitating simple transactions without the intervention of intermediaries.
And here is Saylor, positioning himself to be that middleman, building a so-called "Bitcoin bank" to serve as the very obstacle that Bitcoin was designed to eliminate. His ambition is not to serve the ideal of Bitcoin, but to insert himself, to control, to profit off the ignorance of those who have been sold a lie. This is not innovation. This is the betrayal of the principles Bitcoin was built upon.
To call BTC "Bitcoin" while simultaneously profiting from the very middleman role that true Bitcoin rejects is the height of deception, and it is through this misrepresentation that Saylor seeks to build his empire.
He is not preserving Bitcoin—he is co-opting it, distorting it into a vehicle for his own gain.
