Michael Saylor Shows He Is A Wall Street Turncoat
Michael Saylor is calling on the SEC to take down all crypto (other than Bitcoin) as unregistered securities.
In this video I discuss how he is a typical Wall Street charletan pretending to be for freedom and something other than the establishment.
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i am not sure did i see you pissed before :D now you do sound pissed :)
banks don't even do anything, they transferred everything to the users. here is an app you do everything we will run a database...
Lol
Yeah well Bitcoin Maxis are difficult to deal with. Their poster child is a fraud. He is not only a Wall Street mouthpiece, he is also completely disingenuous.
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He’s right about 99.75% of them. Most are centralized garbage that definitely are “securities”. But obviously for example hive and a couple others like monero aren’t so thats on Micheal to be specific and he deserves to be criticized due to not being so.
Poster child is a fraud? Whatcha mean?
This is all just ignorance playing around with fear. Sorry about those years studying economic BS at least it led you to know these people are dumb.
I need to educate myself about quantitative easing and deflationary money. I am all about blockchain because its use is limitless. Yesterday night I watched the CEO of the Bank of America discuss with a Fox news correspondent and he said he is for blockchain not for crypto. He has no idea of the use of the blockchain but he can give out his opinions.
The SEC has just been a very clueless set to me. They have been chasing Ripple in hopes that the case will close down the crypto market I see them catching fire at the end of that case.
Lol...If there were Aliens, Africans would be the first to see their ships cause we don't have good electricity.
Chief you are really pissed!!
The blockchain not crypto is the rhetoric. What they are calling blockchain is nothing more than another database they control. That is why they do not like cryptocurrency, they do not control it if it is truly decentralized.
This is where they are misleading. Cryptocurrency provides an incentive mechanism. That is the point that is missed. Without that, who is incentivized to run the infrastructure? Those who want to control it of course like a bank.
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Very true. All they need is to be in full control of the technology and put an end to the ones they can't control.
I saw that long interview and I also disagree with how he wants to the government to classify every single crypto as a security. It just feels like he's fine with it because he is sure that BTC would be classified as a commodity and it won't affect him.
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Of course. He is a bitcoin maxi and believes nothing else is relevant.
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He’s right for most part but it’s his mistake not making a explanation on why this is case and not breaking down there wte others that wre decentralized and would be in same boat we bitcoin. Such as Monero & hive. But on 99% he’s right. That said he deserves the Criticism here for not being specific and making point on decentralized and centralized. Just saying ETH for example he’s right. It’s centralized database and by definition is a security.
I saw that in his argument and I do think that there are a lot of centralized coins. There aren't many decentralized ones but I just think that the government shouldn't be the one deciding things for us. However, all the scams happening in the crypto space makes me wonder whether or not things will get worst without regulation.
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https://twitter.com/742876529756110848/status/1600784747046879232
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I never liked this guy even when he pumped bitcoin.
You intuition was correct it appears.
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Summary:
In this video, the speaker criticizes Michael Saylor, a well-known Bitcoin advocate, CEO of MicroStrategy, and Bitcoin maximalist, for calling on the SEC to shut down Solana, Ethereum, and other coins as unregistered securities. The speaker argues that Saylor's understanding of monetary systems, inflation, and deflation is flawed, and he accuses Saylor of being a part of the establishment and a trader who is not advancing cryptocurrency. The speaker emphasizes the importance of understanding decentralization, distribution, and true DeFi, while criticizing Saylor's stance on Bitcoin and monetary policies.
Detailed Article:
The video begins with the speaker, not mentioning his name but known as Taskmaster4450, addressing Michael Saylor as a prominent figure in the cryptocurrency space, particularly known for his advocacy for Bitcoin. Saylor is described as the CEO or ex-CEO of MicroStrategy and a Bitcoin maximalist with a strong presence on Wall Street. The speaker highlights Saylor's recent statement calling for the SEC to shut down Solana, Ethereum, and other cryptocurrencies due to their alleged status as unregistered securities. This move is seen as contradictory, as the speaker points out that Saylor, who claims to promote freedom, is now seeking regulatory intervention from the SEC, an entity that has come under scrutiny for its oversight practices.
Moreover, the speaker delves into Saylor's purported lack of understanding regarding the monetary system, inflation, and deflation. He criticizes Saylor and Bitcoin maximalists for their beliefs, alleging that they do not grasp the nuances of the financial ecosystem. Saylor's views on deflationary money and monetary elasticity are dismissed as flawed, with the speaker citing historical instances like the Great Depression and the Great Recession to underscore his points. The speaker emphasizes the importance of studying history to comprehend monetary policies and their impacts accurately.
Furthermore, the speaker questions Saylor's knowledge of how money is created and circulated in different countries, dismissing his credibility in discussing economic principles. Saylor's stance on Bitcoin and its impact on the economy is scrutinized, with the speaker suggesting that Saylor's advocacy for Bitcoin may not be aligned with the principles of decentralization and true DeFi.
In conclusion, the speaker labels Saylor as a fraud and scam, expressing a negative sentiment towards his influence in the crypto space. The video ends with the speaker wishing the audience a great day and hinting at future discussions on similar topics.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.