Speaking to @RealVision, Saylor laid out his concerns with the current rate of monetary expansion:
"I came to the horrifying conclusion that I’m sitting on a $500M ice cube that’s melting. It’s melting at 6% in a good year. Then you realize this year it’s melting at 25%."
🧊
In an interview with @KeithMcCullogh, Saylor cautions against financial models that fail to account for the adoption of new networks:
“What happens if 10 billionaires decide to buy $1B of bitcoin each and announce it…all of your models are destroyed, completely devastated.“
📈
In a brief tweet on Feb 5th, Saylor offers bitcoin as a system of measurement, due to its perfect scarcity.
Bitcoin is now the most precise method we have for measuring value across time.
“The entire thing is like a massive monetary battery..
I can take $100m of monetary energy, put it into the Bitcoin network and it will sit there for as long as you can imagine with zero power loss.”
🔋
Speaking with @APompliano, Saylor describes the network effects of dematerializing something fundamental:
”There's never been an example of a $100b dollar monster digital network that was vanquished once it got to that dominant position.
The price of a BTC represents all of the money deposited divided by 21M, adjusted for inflation.
When you look at it like that.. the real question is how much money is going to get deposited.”
🏦
In conversation w/ @saifedean for The Bitcoin Standard podcast, Saylor recounts the unconfiscatable nature of bitcoin:
"I had this epiphany...I just took $500K of cash that someone can burn & steal and I put it into a vault of encrypted energy, and now they can’t get at it."
🔒
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Like the telegraph, steam engine, or printing press- it has no opinions, preferences, or beliefs. The user gives it meaning.
To better explain this, here's a children's book↓
Bitcoin is the only commodity where the rate of production is divorced from changes to amount of energy employed in its extraction.
Supply is predetermined and publicly auditable.
Bitcoin's consensus mechanism imposes an ‘unforgeable costliness’ on the production of new units, representing the invention of verifiable digital scarcity.