How does Bitcoin losing value weaken Bitcoin’s ability to produce a valid block every ten minutes? How does people using other blockchains for literally every real world application of blockchains weaken Bitcoin’s ability to do so? It doesn’t! As long as Bitcoin produces a valid block every ten minutes it wins! Therefore, by your logic here, Bitcoin can fail in every conceivable manner, it can lose every single product application, but still “succeed” because you can jerk off to the current hashrate and block height. Well, most people want their money to do something other than be a masturbatory math problem.
In terms of Saylor specifically, he openly says Bitcoin is *done*. That it doesn’t need a security budget. That it doesn’t need any additional features. That LN works perfectly and needs no further work. And he specifically has sabotaged research grant orgs like OpenSats under this logic, going to their patrons and aggressively demanding that they withdraw their pledges of *free financial support* towards further Bitcoin development. Note that I have been in Bitcoin since sub-$5 and most OG Bitcoiners aggressively dispute Saylor’s ideas here:
X (formerly Twitter)
Eric Voskuil (@evoskuil) on X
More cringe every day.
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FRANCIS ⚜️ BULLBITCOIN.COM (@francispouliot_) on X
Pack it up everyone, no need to build anything anymore, we have already won. Governments are on our side and stablecoins on altcoin chains are goin...
Saylor is poisonous to Bitcoin’s success, unless you define Bitcoin success as merely more blocks being solved. Which, I agree, Bitcoin will continue having valid blocks, and the fee market will continue to be a fucking ghost town because people will continue to not use Bitcoin and the blocks will be fucking empty.
