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On a recent episode of the Galaxy Brains podcast, Michael Saylor made the case that bitcoin isn’t a currency and that it’s best to think of it as capital and capital only.
He also shared that Tether (USDT) and Circle’s USD Coin (USDC) are the real digital currencies and unveiled his “evil genius strategy” (his own words) to get the world to adopt the U.S. dollar stablecoins as opposed to bitcoin.
In this Take, I’ll cite some of Saylor’s own words from the podcast before breaking down why many of the points he made are off base.
Capital, Not Currency
“It’s not a currency, it’s capital,” said Saylor about halfway through the episode.
“You just have to come to grips with it — it is not digital currency. It is not cryptocurrency. It is digital capital. It is crypto capital,” he added.
I searched the Bitcoin Whitepaper to see how many times the word “capital” showed up.
It isn’t mentioned once.
Howeve
We współpracy z: https://bitcoinmagazine.com/takes/michael-saylor-doesnt-understand-bitcoin
