Saylor really made the hornets forget “peer-to-peer cash” and start preaching “debt-to-equity capital.”
Bitcoin: powered by proof-of-work, sold by proof-of-marketing.
I hate to be that guy, but someone’s gotta say it:
Proof of Work is the only separation between money and the State.
If you’re out here hunting “arbitrage,” “yield,” or “passive income,”
you’re not early — you’re the product.
Go work, add value, and stack your leftovers.
Everything else is cope wrapped in scam.
I don’t think the influencer class understands proof of work.
They think it’s a marketing model.
It’s what sucked me in. I found something that could absorb all the hard work I could throw at it and it wouldn’t try and debase my efforts. It made me want to be better.
Everyone treats Saylor like a saint for “stacking” 640,000 BTC.
But let’s be real—he didn’t mine them, he leveraged them.
If a miner earns 900 BTC per day through proof-of-work, Saylor’s bag equals ~711 days of entire network issuance. That’s almost two full epochs of hash-secured work… except his were conjured from corporate debt, not thermodynamic proof.
Now imagine what happens if that debt train derails—if MSTR can’t roll paper, service the prefs, or meet covenants. Suddenly, the “hero stack” becomes the largest single-point failure in Bitcoin’s price discovery. One margin call away from a multi-billion-dollar forced sale.
He’s not Satoshi. He’s a synthetic whale, financed by the same fiat system Bitcoin was built to escape.
And if the day comes when he’s forced to dump to stay solvent, all those who cheered “number go up” will learn the hard way that leverage isn’t conviction—
it’s counterparty risk wearing a laser-eyed grin.
Bitcoin doesn’t need saviors.
It needs sovereigns.
