Yes, he is very intelligent. No question about it.
I agree that Michael’s current path is incompatible with Bitcoin as freedom money. I also think that he is perfectly aware of it.
If we define b...
Fun thread to read here ^ thanks for sharing your thoughts.
I asked @jack mallers about this once in the Q&A session of Mailbag Monday. He went on a rant about how it doesn’t matter what Satoshi intended for Bitcoin. Just like, it doesn’t matter what the creator of the internet intended it to be used for. It’s a protocol that anyone can use how they see fit.
He also mentions how it’s the same people who preach freedom who then say that Bitcoin should only be used in this specific way that I approve of. That was convicting for me.
If I’m for freedom, I’m for people being free to use Bitcoin as they want.
However, I don’t understand Michael’s long term play - become a bank in the future? Provide digital credit backed by his stores of Bitcoin?
A related but sidebar thought - what will become of stocks / the stock market? Will there be a system that’s recreated but using bitcoin as the unit of account instead of fiat currencies to invest in bitcoin companies?
Curious about your thoughts on these matters.
I asked @jack mallers about this once in the Q&A session of Mailbag Monday. He went on a rant about how it doesn’t matter what Satoshi intended for Bitcoin. Just like, it doesn’t matter what the creator of the internet intended it to be used for. It’s a protocol that anyone can use how they see fit.
He also mentions how it’s the same people who preach freedom who then say that Bitcoin should only be used in this specific way that I approve of. That was convicting for me.
If I’m for freedom, I’m for people being free to use Bitcoin as they want.
However, I don’t understand Michael’s long term play - become a bank in the future? Provide digital credit backed by his stores of Bitcoin?
A related but sidebar thought - what will become of stocks / the stock market? Will there be a system that’s recreated but using bitcoin as the unit of account instead of fiat currencies to invest in bitcoin companies?
Curious about your thoughts on these matters.
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