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Michael Saylor: “The best way to understand Bitcoin is it’s digital property for 8 billion people, and it’s going to demonetize other forms of property in the same way that digital books sucked the information out of libraries… and the same way that digital music sucked the music out of CDs.”

Michael Saylor: “The best way to understand Bitcoin is it’s digital property for 8 billion people, and it’s going to demonetize other forms of property in the same way that digital books sucked the information out of libraries… and the same way that digital music sucked the music out of CDs.”



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15 Comments

  1. People grab lands as property, since future generations are forced to live on land, it is securing the rights for rent seeking.

    People grab bitcoins, since future generations are forced to buy it to hedge against inflation? Is it the most liquid asset to hedge inflation?

  2. This analogy is good up to a point. Both the two examples refer to two things which have been licenced by a centralised entity. People are used to both the safety net of a central party, and them applying a cost of ownership or access. Bitcoin doesn’t have either which is what a lot of people can’t get their head around, or don’t trust themselves.

  3. good comparison for plebs but how about to audit mr saylor and what exactly he does for bitcoin other than setting up fiat speculative instrument

    does he even own bitcoins?

  4. How can ‚digital music‘ suck music out of CDs if music needs to be digitized before it can be written to a CD?

    Could he have meant audio streaming instead?

What do you think?

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