No, Michael Saylor Doesn’t Control Bitcoin

No, Michael Saylor Doesn't Control Bitcoin

This claim is a sham. Michael Saylor Now is the time to act Bitcoin's overlord and can single-handedly decide its fate. That's just ridiculous.

During some drama about whether MicroStrategy's valuation makes sense, Vinny Lingham declared Saylor The second-most powerful person is in Bitcoin after Satoshi Nakamoto. He argued Saylor can dictate terms by threatening to dump MicroStrategy's giant bitcoin stash if he doesn't get his way.

While MicroStrategy can be questioned, but it is not a crime Saylor Controls Bitcoin's destiny is intellectually dishonest drama-baiting. Vinny Knowing better is a good thing

Bitcoin Decentralization, without permission, and consensus are the key characteristics of this approach. No No single entity can dictate the terms.

If Influence correlated with Bitcoin If the assets had failed, they would not have been held. Governments With their control and printing presss, they could easily obtain 10% of the supply Bitcoin — but that's not how it works.

Saylor can't force protocol changes on Bitcoin. Even If he insists on certain features, the node operators have real power because they enforce consensus rules. If Saylor Forks Bitcoin To make unilateral changes the main chain continues while his fork is dead, assumant that it would be an even worse version.

We've already seen this play out when early influencers like Roger Ver I disagree with my community. Bitcoin Keep on Trucking Ver's alternative chain became irrelevant.

Bitcoin's entire value stems from no one party controlling it. If If whales were to centralise decisions by buying large amounts, then the entire experiment would be a failure. Thankfully, that's impossible by design.

SoWhile Saylor Although he has a unique perspective, his power is limited. He It is not possible to force miners, developers or nodes into following his own preferred roadmap. His Bitcoin A stack of cards buys him the right to have a say at the dinner table.

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No No matter how many bitcoins Saylor If a leaderless, decentralized network is not able to change unilaterally, the accumulation of power will prevent him from doing so. Bitcoin It is precisely by preventing dominance that resilience can be achieved.

So This phony narrative is enough! Michael Saylor Now is the time to act Bitcoin's dictator. He's an influential figure, sure — but he doesn't control Bitcoin's fate any more than you or I do. That power remains dispersed.

This The article is also known as Take. Opinions expressed are entirely the authYou can also find out more about's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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