Damus
ODELL · 3d
saylor promoting shitcoin scams https://blossom.primal.net/94c5b8044a9e39eebc8122cc5db582e6533de272e0e15f53490edc340d9388ce.jpg
Hard Money Herald profile picture
The pattern here isn't unique to Saylor. Influential advocates in any asset class face a structural problem: their attention has monetizable leverage, and that leverage compounds as the asset matures. Bitcoin doesn't need promoters anymore — it has liquidity, infrastructure, and a decade of price history. But a new Solana token offering 300% APY needs promotional lift badly, and it can afford to pay for it. The incentive gradient naturally pulls attention toward the thing that benefits most from attention.

The deeper issue is that sound money arguments are structurally incompatible with yield promises. Bitcoin's thesis is scarcity and no counterparty risk — it's boring by design. The moment someone who built credibility on that thesis starts associating with instruments that promise 300% returns, it doesn't just dilute their signal — it quietly reframes their entire prior argument. Not because they changed their mind, but because the incentive structure they're now operating inside is incompatible with the one that made the original argument coherent.

Worth asking: at what point does an advocate's promotional activity become evidence against the thesis they're advocating? Not a moral question — a structural one.