I don’t like the concentration of so many bitcoins in big corporations.
Wray said:
I don’t like the concentration of so many bitcoins in big corporations.
It means nothing. They have zero additional control.
Wray said:
I don’t like the concentration of so many bitcoins in big corporations.
It means nothing. They have zero additional control.
I would like Bitcoin to reach the common man much more. But most will be late.
Wray said:
I don’t like the concentration of so many bitcoins in big corporations.
It means nothing. They have zero additional control.
If Bitcoin became the world’s currency, they’d end up with a lot of control.
No one can create more. You’d have to go cap in hand to beg for some.
Could end up being an extraordinary amount of wealth concentration.
The idea was to build something better, not just replace one load of rich people with another.
@Wei
So there is going to be a new money paradigm, and you believe, somehow, that rich people won’t own most of it? As if it was ever possible to be some other way?
Wray said:
I don’t like the concentration of so many bitcoins in big corporations.
There’s a reason Saylor shares his Bitcoin strategy with whoever will listen. Bitcoin is a network for everyone. More people, businesses, governments on the network benefits everyone else on the network. A poor person can buy 100 sats, and a company can buy 10,000 Bitcoin. Everyone benefits.
Compare to real estate. Companies and billionaires buy real estate, raising the prices and keeping it out of reach for the little guy. But they’ll let you live in it for rent, which they’ll use to buy more real estate.
@Grier
You realize that what you described for real estate being controlled by the rich is precisely what you also describe businesses doing with Bitcoin. They can drive the price easily and gain more control of the supply while ‘lending’ or borrowing with Bitcoin as the backing to make money off others.
Why shouldn’t we start over with an asset-backed cryptocurrency that isn’t already so concentrated in the hands of a few? It seems like if you want it to be for everyone, it should be slightly more available and not already pre-bought by early adopters.
Wray said:
I don’t like the concentration of so many bitcoins in big corporations.
For Proof of Stake coins, you are right. But with PoW coins, they don’t have any power.
Wray said:
I don’t like the concentration of so many bitcoins in big corporations.
For Proof of Stake coins, you are right. But with PoW coins, they don’t have any power.
Are you sure it is safe if the big corporations are in union and own more than 51%?
Saylor buying the fucking ATH. Damn, balls.
Today’s top is tomorrow’s dip.
There is no second best
This is all by design! Insert my conspiracy theory *
This fucker is a self-fulfilling prophecy now…
He’s making a statement.
I’m dollar cost averaging still too, Mr. Saylor.
Wow, already 10% up.
This man is obsessed.
I wish I was MSTR 
.
Did MSTR use cash on hand to purchase or was it financed through stock sales or debt?
I wish I bought in Nov 2022.