Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin Is to Banking What YouTube Is to Broadcasting, Says MicroStrategy’s Michael Saylor

by Daily Hodl Staff
January 7, 2021
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

MicroStrategy CEO Michael Saylor is comparing Bitcoin to the disruptive video sharing giant YouTube.

In a new episode of The Saylor Series with Robert Breedlove, Saylor says Bitcoin’s ability to let people manage their own money is similar to the way YouTube allows people to run their own digital broadcasting network.

ADVERTISEMENT

“YouTube allows you to become your own TV station. So, what are we talking about here, well the cliche, ‘be your own bank,’ it’s kind of a cliche. And I think if we look at it a different way, it’s like, I’m a normal person, I endow my own monetary energy into Bitcoin, I plug it into some digital network, I give the keys to someone I trust, a family member maybe.

Maybe I do multi-sig instead of having five people on a board. If you have five people on a board of an endowment with a hundred million or a billion dollars in the endowment, they’re kept honest by filing annual tax forms with the IRS. And in theory, they can be personally liable if they defraud the foundation or abuse their fiduciary trust. But you know, it’s kind of like a 20th-century idea.

A better idea would be, I put the money into a Bitcoin, and I have like three or five digital keys and it takes three out of the five to vote on everything. And then, every three months they have to register that they’re online, and of healthy mind and spirit. If someone stops registering then the remaining four automatically appoint a fifth. Whenever anybody retires, they automatically transfer their key.

What I’ve done is, I’ve de-materialized an endowment board of directors, corporation, institution, and it’s just become maybe a simple application in cyberspace plugged into a base layer of monetary energy. It’s doing something, whatever that something is. That’s an operation of people and digital networks and crypto networks in order to allow people to achieve their hopes and desires over long periods of time.”

Saylor says he believes the mainstream remains too focused on Bitcoin’s use as a medium of exchange, and its potential as a store of value is far more valuable.

“If you go back 50 years, people talked about ounces of gold. So I think a Bitcoin will be like an ounce of gold, like an immutable self-sovereign unit of economic energy…

I think ultimately people focus too hard on medium exchange, unit of measure and underestimate the value of bitcoin as a store of value, and as an asset. I think they don’t do it justice because it’s so much better than every other asset…

It’s in my opinion utterly unimportant that you be able to engage in high frequency small transactions on the Bitcoin network and I think that it’s dysfunctional to pursue that vision. The magic of bitcoin is being able to catapult energy 100 years in the future and not lose the energy.”

l

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix
ADVERTISEMENT


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Cooler8

Submit a Press Release

Crypto Livewire – Press Releases

  • MakiSwap Raises $1.4M From Leading Investors to Build AMM Platform on Huobi Eco Chain
    April 14, 2021
  • DigitalBits To Become Premier Choice for NFTs After Litemint Partnership
    April 13, 2021
  • Ethernity Chain Launches Authenticated NFT Marketplace to Curtail Fraud
    April 13, 2021
  • ConsenSys-Backed Virtue Poker Raises $5 Million Strategic Round
    April 12, 2021
  • Cometh Partners With Alchemix for “Wizards” Collection of Yield-Generating NFTs
    April 9, 2021
  • eToro Appoints Dr. Hedva Ber, Israel’s Former Banking Supervisor, As Deputy CEO and Global COO
    April 8, 2021
  • Blockchain Provider Orbs Is Now Accessible Through the AWS Marketplace
    April 8, 2021
Submit a Guest Post
ADVERTISEMENT
ADVERTISEMENT
Bitcoin
$63,006.00
$63,006.00
0.28%
Ethereum
$2,511.42
$2,511.42
3.73%
Binance Coin
$527.78
$527.78
2%
XRP
$1.73
$1.73
1.54%
Polkadot
$43.08
$43.08
2.15%
Cardano
$1.47
$1.47
2.99%

Spotlight

  • Crypto Trader Ben Armstrong Is Buying XRP – Here’s Why
    April 11, 2021
  • Raoul Pal Says One Threat May Derail the Bitcoin Revolution – And It’s Not Regulation
    April 15, 2021
  • Massive Catalysts Coming to Bitcoin, Ethereum, Cardano and Polkadot, Says Crypto Trader Lark Davis
    April 9, 2021
  • Closely-Followed Crypto Analyst Predicting Giant Rallies in Litecoin, Ethereum, and These Two Other Altcoins
    April 13, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX

© 2020 The Daily Hodl

×