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Vitalik Buterin Criticizes Michael Saylor’s Bitcoin Comment

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The Bitcoin world is reacting to MicroStrategy founder Michael Siler’s comment in an interview that it is better and safer to hold BTCs in large institutions. While many Bitcoin pundits criticized Siler for the comment, the crypto world also started to support him. Vitalik Buterin, one of the founders of Ethereum, was also among those who took part in the criticism.

“Regulators control”

Responding to a tweet by Jameson Loop, one of the security managers at cryptocurrency storage company Casa, in which he criticized Siler, Butrin used the following statements:

“Obviously, I tried hard to promote the ‘mountain man’-style idea that everyone should have their own cryptocurrency. But that time has passed. Snarks and account abstraction-style technologies have taken over this world. Completely changed. I can safely say that Saylor’s comments are clearly about the regulatory bodies that are in charge of protecting cryptocurrencies There are many examples and I think crypto is not that kind of world, crypto is not the only one.

What did Sylar say?

Speaking to the New Zealand media yesterday, Michael Sailer said that he would give away all his wealth to humanity like Satoshi. Touching on a number of issues in his interview with journalist Madison Reddy, Siler said it’s best to hold BTC in banks or other large financial institutions.

Journalist Reddy asked Siler, “Wouldn’t that pave the way for asset grabs, as has happened under gold in the past? Isn’t that one of the things that the Bitcoin and crypto worlds don’t want the most? Saylor continued his insistence and said:

“I don’t think so. It’s more risky to keep your BTC in institutions that are run by a few anarchists than regulated institutions. In fact, that would actually be the reason for the takeover. Working with these people Doing so doesn’t recognize the government and tax payments. But things are different if you work with institutions like BlackRock, Fidelity, JPMorgan, and State Street. That’s where lawmakers put their money anyway Retirement money is already there… Less volatility, less risk of loss… Do you think FTX or Fidelity is better? Will put in the company?

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