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50 Comments

  2. not true#1 @ 8'35" – governments can start regulating Bitcoin, asking for more transparency and traceability of transactions, taxes etc. Ultimately, still BTC needs to be converted to USD.

  26. I am confused about that he talks about moving Bitcoin at the speed of light and it is capable of millions of transactions in a short space of time, but also says he`s never selling? Most people and institutions are not acquiring Bitcoin for transactions but as a store of value? Surely storing Bitcoin defeats the whole point of it?

  30. Think about this:

    Who invented Bitcoin? We really don't know; Allegedly some guy named Satoshi but we don't know who that is.

    What is Bitcoin backed by? Absolutely nothing.

    What is Bitcoin mining ? Expenditure of huge amounts of energy by racks and racks of specialized processors to guess at a number without going over the number. Basically it's a digital The Price is Right.

    The original idea for Bitcoin was to make it an aleternative, decentralized transaction processing system. Is that what it really has become? No, it's purely speculation prompted by people who are looking for a profit and in no way does it contribute to the economy of goods and sercices as a whole.

    Supposedly there will only ever be 21 million bitcoins, however four million have already been lost forever. The next two million will take over 100 years to finally be mined. So basically you now have about 15 million bitcoins that are being bought and sold back and forth looking for profit only and somehow this determines the price of Bitcoin? Unreal.

    The bitcoin "scarcity" idea is utter nonsense. Does it matter if there are 21 million or 21 when the price of each has no limitations? If 4,000,000 bitcoins have been lost .. Wow now it's even more scarce. Absurd.

    It's great that the Bitcoin software is open source, but it basically allows anyone to start their own crypto with no intrinsic value. Obviously, this has already happened and there are now thousands of cryptocurrencies. Just like Bitcoin they all start with no intrinsic value, backed by nothing. Can you say SBF?

    Storing your bitcoins on a hard wallet or on a computer is dangerous. Did you lose your wallet or forget to back up your computer? You're screwed.

    Want to cash out your Bitcoin? Well you likely will have to go through an exchange like Coinbase which then means if you've made any kind of profit you have to pay tax on it. Kind of kills the decentralization argument doesn't it? Try to cash out through a Russian entity to avoid the tax? OK just don't get caught because you'll be in jail..or dead.

    There is no stopping the central bank digital currency (CDBC). Once this happens and the government declares CDBC as the only legal tender currency in crypto, all cryptos will take a huge hit.

  33. Once all the "Saylors" hoover up most of the BTC I reckon the price will collapse, add to that BTC is a dinosaur compared to modern cryptos that has no real use case. Only has first mover advantage but that will fade

  34. Why is no one on these comments telling the truth ? Youre all busy wiping off Saylor's Jizz off your face as Saylors zipping up this pants. Hope the knee pads protected your poor knees.. I own bitcoin but lets' keep it real here.. Or at least I'll keep it real here…. 1st of all Bitcoin failed as a payment network because it's too slow and expensive and even the lighting network has major issues when scaled out so it'll NEVER handle 350M transactions per day. But the utility is a store of value like digital gold.
    2nd why would you want to spend an appreciating asset ?? Spend your dollars but accumulate your bitcoin.
    If you want to own a digital asset but also wanted to spend it there are plenty of better options than bitcoin
    Kind of funny how around 7 mins in Saylor try to sneak in and state that "ALL" other crypo's are layer 2 of bitcoin and Lex corrected him by stating "but why do you think of them as layer 2 as opposed to contending for layer 1?" Saylor responded back with "yeah actually if their using their own token theyre a layer 1" What a snake Saylor is.. Once again I own bitcoin but Saylor is a snake. One last thing I guess he never heard of glintpay.com or doesnt want sheeps to know about it because he stated "if you own a bunch of gold and you travel through the air port they might not let you take it from you" WRONG with Glintpay.com
    At least I get a laugh out of these clown who are wiping off his Jizz .. They'll proabally try to save the Jizz

  36. After all these years we still don't have a working Layer 2 for Bitcoin. And no Lighting is not a working Layer 2 for Bitcoin. I hope we will get there but man after so many years now and we are still no closer to a solution. Everyone is buying BTC on centralized exchanges.

  39. Notice people are ONLY talking about BTC because it is back over 60K… Why do you think that is???… They are out to drive enthusiasm, for future buyers and bag holders they unload into. This cycle plays out ALL THE TIME in different assets. Once everyone is talking about an asset, you’re too late to the game… CNBC even had the grifter Gary V. on. And he started pumping NFT’s again… Absolute garbage. 😂

  42. The question is would Michael, who hypothetically possesses all 21 million Bitcoins in existence, would be willing to distribute them equally among every individual, including himself, in the event of a need to reform the monetary system, thereby establishing Bitcoin as the new currency.

  46. I don’t understand the value of Bitcoin because I don’t understand it’s utility. It’s presumably worth something because it has a valuable use case or it generates an income stream. I don’t see how it does either.

  48. Lex there is a reason doge coin why dogecoin was termed as shitcoin from start.. it has founder and anything with founder alive or interest is termed security… so you can speculate on it… if you bought at $1 due to craze then its on you and you can speculate to breakeven but dont make dumb arguments

    the case of Dogecoin, the network isn't as secure as the Bitcoin network. Also, there is no limit to the amount of Dogecoin that can be mined, so in its very nature, it is an inflationary coin. Furthermore, the coin was initially started as a joke and is highly sensitive to social media.

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