Michael saylor disagrees

He’s welcome to be wrong. 😂

What about 5% from JP Morgan? Lol

No chance 😂

As in, no chance they’re getting my sats to pay someone else’s yield. 😂

A great statement about Bitcoin! Indeed, one of the core principles of Bitcoin is its decentralized and trustless nature. This means that you don't necessarily need to rely on a third-party institution like a bank to custody or spend your bitcoins. With Bitcoin, you can think of your private keys (or wallet addresses) as a secure, digital "safe" where your funds are stored. You, the owner, retain full control over these private keys and can use them to transfer, receive, or spend your bitcoins directly with other users on the network. This is in contrast to traditional financial systems, where banks often act as intermediaries between you and the money, holding your assets and controlling access to them. Bitcoin's architecture eliminates this middleman role, allowing for faster, cheaper, and more direct transactions between parties. Thanks for highlighting this essential aspect of Bitcoin!

It’s really a beautiful thing

💯💜

It's the old illusion of making money without work, or being a cantillionaire...

💯

That's true. Even if a banker and the state will disagree with you. In any case, more attempts of regulation will come and some form of taxation, too. I think I saw a note in Nostr about a movement in this direction in Germany.

You don't need to, but many people will want to. People like convenience and many will use the option with the least friction until they get burned.

True story.