Michael Saylor has always been Bitcoin's biggest supporter. For years he talked about how BTC is the ultimate store of value, digital gold that does not need yield at all. An interesting old clip came up where Saylor admits something ironic: if he put $100 billion in Bitcoin and it generates 0% return, it is no different than holding bonds that pay nothing. In his own words.. that makes it a 'non-performing asset.'
Etheraider (Ethereum community member) commented on this clip on Twitter, saying what many of us already know: Saylor wishes Bitcoin was more like Ethereum. Ethereum staking changed everything.. instead of just holding and hoping price goes up ETH holders can earn yield directly from the network. That yield is native, secured by the protocol and it keeps capital productive. Meanwhile Bitcoin still offers no return at all. Let's look at the bigger picture, this is not just Saylor talking. Institutions are moving to crypto and they want assets that work for them. That is why Ethereum is the best choice.
If even Bitcoin's biggest believer recognized the problem then maybe it is time to admit it: Ethereum is doing what Bitcoin cannot do. That is exactly why it is winning.
Michael Saylor accidentally explained why Ethereum wins.
byu/MasterpieceLoud4931 inethtrader
Posted by MasterpieceLoud4931
10 Comments
[deleted]
Aren’t there are some protocols that offer yield from staking btc?
The “digital pet rock” narrative seems more fitting
Misleading headline. Saylor is saying that 5.5% return from JP Morgan is ‘risk free’. But its NOT risk free. We have seen Lehman go down and we can see JP Morgan do down. So how is it risk free?
Nothing is risk free, when it has a counterparty. Only thing risk free is holding Bitcoin, because there is no single counterparty. There is just the whole network.
When I look at btc and the long term problems like the security budget, it’s clear that bitcoin is not sustainable long term. Ethereum doesn’t have this problem and is able to create yeild as well, it’s a complete no brainer to me.
Saylor himself said that btc mining is a shit business, and will only continue to get harder.
Simply,
Yield generating assets > Non-yield assets
or
Staked ETH > All
^(!tip 1)
Do you believe ETH/BTC is a zero sum game? So far, that’s not been the case with each rising in value with the other. ETH has utility. BTC has a certain amount of credibility from being the first and from an immutable, fixed number. I see them living and growing side by side.
well staking is like mining eexcept u dont need to invest in mining equipement but instead u invest in the network itself. imagine the price of bitcoin if miners didnt have to buy rigs but had to buy more and more btc and lock it out . eth will flip btc its just a matter of time.
Somebody tell Micheal that it’s not too late to start buying Eth
!tip 1
Etherium superior than BTC? come on! what the f**k is OP smoking ?