Thread by @otisa502

1/19 Mr. Simon Dixon (@SimonDixonTwitt) wants to take over @CelsiusNetwork and turn it into a #Bitcoin investment bank, by his own words on Spaces yesterday. That’s a great idea for him and his investors — which he raised $6 billion from to bail @CelsiusNetwork out, under the

2/19 pretense that he’s here for the depositors, which may only be the top 100 depositors — but it’s not a great idea for everybody. Most people in the community made money from other projects like CEL, Ethereum, Matic/Polygon, Polkadot, Solana, Cardano, etc., not just #Bitcoin.

3/19 Most people in the community didn’t get involved with crypto in 2011 like you did, Mr. Dixon; most of us got involved in crypto in 2017 and after. Mr. Dixon said in our Twitter Spaces last night/yesterday that when he got into crypto in 2011, he wanted a #Bitcoin bank and

4/19 then he pivoted to @BankToTheFuture, and now he sees the opportunity with Celsius to realize his dream of having a bitcoin bank come true, which means now he has a second opportunity to realize this dream by taking over @CelsiusNetwork. Mr. Dixon is free to correct me if

5/19 I have any part of what he said yesterday wrong in that sentence. The question that I asked him is, why didn’t you start your #Bitcoin investment bank in 2011/2012? And also, why don’t you start your #Bitcoin investment bank from scratch now

6/19 instead of circling @CelsiusNetwork like a vulture? Why are you trying to take over Celsius in order to accomplish this plan? And what does the community have to do with this plan? His answer was, he’s simply here for the Celsius community, that’s why.

7/19 Mr. Dixon, you sat down and waited years until @Mashinsky created and built a community and then you come into the community and say ‘CEL must die.’ You’re coming to the Celsius community and you’re asking us for support and telling us that what we the

8/19 community is currently supporting (CEL token) needs to die and that you would also just burn the Celsius treasury. That’s a very tough pill to swallow for most of us. @Mashinsky said we, @CelsiusNetwork, don’t pick winners and losers, that we’re not biased to one project,

9/19 yet you’re coming into this community biased to one project: #Bitcoin. What world are you living in? Mr. Dixon, I asked you if you’re interested in the Celsius #Bitcoin mining business and your answer was, well, no, if it’s not profitable, but yes, if it’s profitable.

10/19 You’re telling me you’re interested in #Bitcoin and been in #Bitcoin since 2011, but you’re also telling me in the same breath that you’re not interested in Celsius’s #Bitcoin mining business, which is very confusing. Then you tell me the Celsius #Bitcoin mining business

11/19 is not profitable. But you can see profits in the future, right, Mr. Dixon? If it’s not profitable, then why are you here? Aren’t you a believer in #Bitcoin like me? I believe that you’ll wake up one day and one #Bitcoin will be worth $1 million. I also believe that crypto

12/19 is the future of money. So telling me you’re here just to help the community and have no interest in the #Bitcoin mining business (unless it’s profitable) is not enough; there has to be some other reason why you’re here.

13/19 You also said you’re here for #DepositorsFirst, but looking at your plan, your plan is for only the top 100 depositors. We have 576K active users on Celsius and we have 300K users that have $100 or more in their Celsius account. Your plan does nothing to address

14/19 their concerns. The idea that it’s a #Bitcoin world only is total nonsense. This #Bitcoin investment bank may be in your best interest, but it’s not in 300K depositors’ best interests, of which only a few of them have only #Bitcoin in their account and no other cryptoasset.

15/19 I can see how this aligns with your interest, @SimonDixonTwitt, but that’s not in the best interest of everybody else in the community. You coming to @CelsiusNetwork, the best community in all of crypto, and telling them all the projects that we

16/19 have invested in is worthless is a huge slap in the face, not just to us but to the wider crypto community. Your position is that all innovation should stop after #Bitcoin, since your [NewCo.] #Bitcoin investment bank will only have #Bitcoin and stablecoins in it.

17/19 I completely disagree with that #Bitcoin maxi sentiment. Innovation is good, competition is good; competition makes companies better. I have said this before to both Mr. Mashinsky and the Celsius team: This is not Bitcoin Network, it’s Celsius Network. Now you, Simon Dixon,

18/19 comes for support from the Celsius community and in the same sentence says the CEL token needs to die. Mr. Dixon, whether you know it or not, @Mashinsky’s neglect for adding CEL token utilities is what got us here in the first place. Now you want to kill CEL token and burn

19/19 the treasury without regard for who holds CEL token, which I’ll sum up and say: Now we have under your plan, Mr. Dixon, the killing of CEL, which leaves many depositors all with worthless assets if they’re not holding #Bitcoin, and that rubs a lot of people the wrong way.

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