saylor is extremely good at one thing: raising copious amounts of capital. i do not have advice on that front
but when it comes to the inner technical workings of bitcoin he proved many times that he has no idea what he’s talking about
a few years ago he proudly announced on stage that his company will revolutionize the workplace by releasing software that will incentivize workers to show up on time to zoom calls by sending them fractions of a cent over lightning every time they do
truly a uniquely retarded idea that never launched, but also technically infeasible
saylor would go on every podcast for years announcing that ethereum isn’t necessary because we have lightning. a low iq comment that only someone doing no research whatsoever could ever say, and he didn’t say it once he said it seventy thousand times
of course when he actually needed a blockchain for his own purposes, to popularize STRC among crypto natives, he didn’t use lightning. he chose to promote a protocol that wraps STRC on ethereum
in another company keynote he proudly announced that microstrategy is developing ground-breaking software to store corporate documents in inscriptions on the bitcoin chain
not only was it politically tone-deaf (every bitcoiner hated inscriptions except for some wizard doodlers) and practically idiotic (there is no reason whatsoever to put corporate documents on a chain) it was also technology impossible. the chain is small, on purpose, and it cannot contain documents for every corporation.
when the mining industry was in flux during the mining exodus from china, saylor tried to stabilize things by starting a “miner council” he’d lead. on the first call of said council, mining leaders from across the globe listened to a multi-hour lecture where he rambled about how bitcoin is better than litecoin because it has more hashes per second (not knowing that litecoin’s hashing algorithm is entirely different from bitcoin’s hence the hash rates cannot be compared)
they couldn’t believe the confident boomer who invited them all to observe his complete and utter lack of knowledge in the field. they thought that because he’s rich he’d offer financial support, but he did not. he offered parables and monologues. the council never convened again
when asked about quantum resistance on major mainstream platforms, saylor routinely offers long monologues rehashing 15-year old forum posts on bitcointalk, not knowing the essence of what he says or why it no longer applies 15 years later, further convincing viewers that bitcoiners are lost
one of the greatest risks to bitcoin is allowing a single man to become its only spokesperson and decision maker. it’s especially risky if that man’s unprecedented access to capital allows him to be wrong for an exceptionally long time without changing his mind, while making him increasingly confident that he’s right.
@charlesdhaussy@dydxfoundation Where can the comunity find this information " An allocation of any future Arcus token will be reserved for the dYdX community." ?
Real talk: what we're about to announce isn't a feature update. It's not a new market.
It's a new direction entirely.
You've trusted us through every iteration of dYdX. This one will make sense of all of them.
Revenue-producing cryptoassets with programmatic value distributions will outperform on all bounces and in any proceeding bull market swing ahead.
Times have changed. Position accordingly.
I think this is a bad idea. Once a grant has been negotiated, executing the payment can take time. If ETH suddenly drops 20% during that period, it helps no one. The way to support the Ethereum ecosystem would be to use an ETH-based stablecoin, like RAI used to be.