Replies (40)

Good job btw. You allowed him to speak and didn’t keep interrupting like a few other interviewers out there. Regarding developer funding: how do you think he answered? And or feels about it? I must change my stance on it after listening to this interview. I use to think anyone can fund you and it should be ok as long as you decide to do the right thing. Now it seems to me as if he thinks big gov, big tech, big anything will always come back later and demand some “quid pro quo.” “Like diddy.” So maybe he was trying to protect Matt Odell??? @Michael Saylor did say “the devil is in the details.”
Bayman11771's avatar
Bayman11771 1 year ago
This was an excellent discussion Peter. You pressed him politely and teased out some very interesting insights. Great job.
Peter, please ask @Michael Saylor why he continues to repeat that Bitcoin is “digital property.” This is problematic because, as he surely knows, property is taxed annually. Bitcoin is a digital COMMODITY.
Yes, obviously. But according to GAAP, durable property (e.g. PP&E) is depreciated/amortized over its useful life, as prescribed by U.S. tax code. @Michael Saylor's description of #bitcoin as “digital property in cyberspace” is a reference to real property and an eager regulator is going to interpret it, accordingly. Better to use words (and analogies) carefully. Commodities are not taxed or depreciated during holding periods — though they sometimes do erode. Additional bookkeeping (and thus taxation) only happens when they are bought, sold, leveraged, or exchanged. That’s what we want for Bitcoin.
Stackerman's avatar
Stackerman 1 year ago
Thank you Peter. Looking forward to hear Saylor's perspective!
This is actually really good (coming from someone who has watched a lot of Saylor pods). I enjoyed his admission about previously accepting inflation metrics and taking certain things for granted 🙏
Default avatar
Abhi 1 year ago
Should have asked if he ever going to get married, start making kids and create a family dynasty!! I guess every human has one imperfect choice 😳
Muzan's avatar
Muzan 1 year ago
Thought he has like 3 kids?
Thank you for this interview Peter. Your discussion gave me lots to think over. I appreciate what you do and your podcast.
This is an important interview. I struggle to care about my nation state's politics. It's tiresome, moronic and black pilling. Bitcoin, on the other hand, is motivating, relevant and hopeful. That's why we're winning. I think everyone should listen to Saylor's message, pertaining the future of the protocol, and think about it critically.
Peter McCormack's avatar Peter McCormack
New interview with Michael Saylor. I did ask regarding ossification and developer funding. https://www.whatbitcoindid.com/podcast/bitcoin-is-forever-money
View quoted note →
In my view, the IRS *should* have treated it like a digital currency. That would have been fairer for miners. But since but the CFTC (and now the SEC) both say it’s a commodity. The IRS should do the same so there’s agreement and consistency. And the IRS should remove the double taxation that miners pay: currently once at the time Sats are mined, and then again when exchanged for fiat. That’s crazy. You don’t tax a gold miner for every scoop of earth they excavate, and then again when they sell the refined metal at market prices.
He is the king of analogies, I believed him when he said, he had 3 kids but he was making a point of families vs companies
I actually think this was a great interview. I think Saylor really appreciates you Peter, and almost encouraged you to ask questions this time around.
Default avatar
c00lyman 1 year ago
He is on the scale gracefully team - what's the problem?
Hoshi's avatar
Hoshi 1 year ago
Saylor‘s block size argument is strange. Weren‘t the miners on the big block side in the block size wars?