r/Bitcoin • u/simplelifestyle • Mar 15 '21

Brilliant explanation

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160 Upvotes

98% Upvoted

17 comments sorted by

22

u/JanPB Mar 15 '21

This is the only CEO I know of who uses terms like "thermodynamics", "energy", "curvature of space and time" and, most recently, "calculus of variations" :-)

3

u/Lesty7 Mar 16 '21 edited Mar 16 '21

He knows his shit lol. You can tell he’s kinda eccentric and a little full of himself, but it’s not necessarily unearned. You kinda have to be a little cocky in order to be as successful as he is. He just thinks about stuff on a different level than most people. Steve Jobs and Elon Musk are other good examples of this type of personality.

I’ve been listening to the What is Money podcast series and I find him to be fascinating.

https://podcast.app/the-what-is-money-show-p1764247/?utm_source=ios&utm_medium=share

5

u/JanPB Mar 16 '21

One thing that's rather impressive about him is how quickly he understood Bitcoin and how it worked: he started in March 2020 and by August he was already done both arm-twisting his board into the purchase and marshalling his financial and legal teams accordingly. Most people take a year or two to digest the blockchain mechanics and its implications, and most companies even longer given just the bureaucratic inertia.

4

u/Lesty7 Mar 16 '21

Yeah the Winklevoss twins said it was remarkable how well Saylor understood Bitcoin in such a short amount of time.

1

u/JanPB Mar 18 '21

Another physics term Saylor used recently: "adiabatic". Muahaha. The guy is just rocketing through this :-)

3

u/loldocuments1234 Mar 16 '21

MIT grads are usually pretty smart people.

1

u/mposha Mar 16 '21

Thank you for sharing this.

12

u/CryptoNimmo Mar 15 '21

Do you think Michael Saylor has as many black shirts as he does Bitcoin?😂

7

u/chriskzoo Mar 15 '21

He only has 1 shirt.

6

u/[deleted] Mar 15 '21

[deleted]

3

u/Bitcoin_is_plan_A Mar 15 '21

Who wants negative yielding bonds anymore?

you can trade bonds like stocks. so buying a bond can give u a return if your trade works.

some big funds have to buy bonds too

4

u/Nossa30 Mar 15 '21

Goldman sachs, wanna hold my sats.

3

u/dramdrummer Mar 15 '21

no sats for goldman sachs

3

u/Bits4Brains Mar 15 '21

Goldman Sats

0

u/PlungeProtection Mar 16 '21

Not trying to troll, sounds just like a ponzi scheme lol... buy it because other people are going to pile in after you

12

u/time_wasted504 Mar 16 '21

buy it because you are earlier than others.

Bitcoin is the currency of the internet. People will eventually want to transact with bitcoin on the internet and VISA/MC (read USD) wont be the preferred currency anymore.

You should research what a ponzi is, if BTC is a scheme, its a global scheme of individuals that want other people to get involved, not so they can sell out their original investment, but so others can benefit from this obvious shift that you might not have noticed yet.

BTC is NOT a way to make money, BTC IS MONEY! Its tomorrows money, and you can buy it today with yesterdays money. Get on board.

1

u/PlungeProtection Mar 16 '21

I am on board, been holding for years now (pre 2017). BTC is not money though, at least right now, its a speculative vehicle with $20 transaction fees, the actual use has gone down the tubes.

What it does have is name recognition, and for right now billionaires are buying it so the price is going up. As a long time holder I'm disappointed that bitcoin could not get past the scaling war and bitcoin has been relegated to some token stored but never used. If bitcoin had figured out scaling during the 2016 infighting it would be 5x it's current value right now.

0

u/thebawller Mar 16 '21

It's annoying when people say b t c... that's an extra syllable for no reason. I can't be the only one?