Michael Saylor has come under fire after downplaying the importance of self-custody
According to Buterin, Saylor is advocating for a"regulatory capture" of crypto as a way of protecting it.
However, the Ethereum co-founder believes that this strategy could potentially fail. Needless to say, it would also undermine the very ethos of crypto, which centers around the idea of becoming your own bank. Ethereum $3,000 Comeback Is Over, Dogecoin 7.7 Billion Price Peaks, Will Shiba Inu 40% Price Growth Continue?
Saylor drew the ire of many members of the cryptocurrency community after ridiculing self-custody advocates as"crypto-anarchists." According to the billionaire, Bitcoin holders should rely on traditional financial institutions instead of buying hardware wallets. Jameson Lopp, the chief security officer at Casa, recently noted that Saylor's approach will lead to increasing centralization and the disenfranchisement of Bitcoiners. Moreover, it will hinder the improvement of the Bitcoin network given that financial institutions will not care about advanced cryptographic features.
Ethereum $3,000 Comeback Is Over, Dogecoin 7.7 Billion Price Peaks, Will Shiba Inu 40% Price Growth Continue?Unlock the Future of Marketing at the Influence Exchange Confex & Awards Series 2024 – QatarEthereum $3,000 Comeback Is Over, Dogecoin 7.7 Billion Price Peaks, Will Shiba Inu 40% Price Growth Continue?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Saylor Issues Epic Bitcoin Prediction Using Just 2 WordsBitcoin eyes big test at $63,000 as MicroStrategy CEO Michael Saylor issues epic prediction
Read more »
MicroStrategy's Saylor Backs BlackRock's Bitcoin StanceMichael Saylor, the outspoken Bitcoin advocate and co-founder of MicroStrategy, has publicly endorsed BlackRock's recent comments on Bitcoin. Saylor's support follows Robbie Mitchnick, head of digital assets at BlackRock, who praised Bitcoin's attributes during an appearance on Bloomberg Crypto.
Read more »
Bitcoin Evangelist Saylor Wants You to Say These Words in ElevatorHere's what Michael Saylor wants to hear in elevator
Read more »
Michael Saylor Issues 'Bitcoin to Moon' Statement as Price Tops $65,000Micheal Saylor's Bitcoin bet is paying off again
Read more »
Reason Not to Buy Bitcoin Revealed by Raoul Pal to Michael SaylorRaoul Pal denies Bitcoin for Solana and meme coins, prompting response from Michael Saylor
Read more »
Michael Saylor Says Bitcoin 'Storm-Proof' as BTC Recaptures $66,000Bitcoin evangelist Saylor reacted to BTC soaring above $65,000 ahead of coming 'Uptober'
Read more »