With each passing year, it becomes more centralized. Mining is becoming increasingly centralized, and so are the nodes. Years ago, you could mine on your own with a laptop, just like you could set up a node with an old, low-spec computer. If you want to set one up today and have it last, you’d better buy one with at least two terabytes. There’s Saylor, all the companies that have copied Saylor, Bitcoin ETFs, and centralized exchanges. There is less and less peer-to-peer Bitcoin and more centralized Bitcoin. 


Yes. I said that also after that quote.

What Saylor and Strategy did recently are not too surprising, and to be honest, I don't know how you and the other people believed in Saylor and Strategy sayings about their strategies with their company's Bitcoin treasury, I personally have never believed in their sayings like "we will never sell our bitcoins, we only buy bitcoins and hold it because Bitcoin is the end game".

I know Bitcoin is very good, can be the end game or not the end game but good for investment is enough for me to spend my money and buy bitcoin, then hold it a long time. With companies, they will have to manage finance and satisfy their company investors with profit annually too. It's unlikely that they will never sell anything each year or after several years. Especially with Strategy's leveraged or over leveraged strategies, selling bitcoins is unavoidable and it's only matter of time.

I don't feel disappointed with Saylor and Fink, as they have made contributions to bring Bitcoin nearly to the mainstream.

Two pages of arguing about the word and nobody has looked at what the company actually issues. Their STRC preferred was set to 12% a year from the start of July.

That is what makes the central bank line half right. Issuing paper against a reserve is the part that carries over. What doesn't is that a central bank can print the asset it holds in reserve, and Strategy can't, so every one of those coupons has to come from outside the stack. They also started buying STRC back on 27 July, which isn't what you do when the liability side is comfortable.