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No, Saylor Isn’t Killing Bitcoin—Expert Fires Back
- Tech entrepreneur Jason Calacanis criticized Michael Saylor's aggressive Bitcoin strategy, suggesting it could pave the way for a 'better bitcoin.'
- Calacanis' remarks followed Saylor's keynote at the Bitcoin For America event, where US Senator Cynthia Lummis announced plans for a 'Bitcoin Act' to buy one million BTC over five years.
- Saylor's company, Strategy, known for buying significant amounts of BTC, plans to raise capital to continue accumulating Bitcoin.
- Despite concerns, Pierre Rochard argued that Bitcoin's decentralized architecture protects it from being controlled by any single entity or individual.
- Rochard highlighted Bitcoin's resistance to manipulation due to its rules-based architecture, proof-of-work mechanism, and global network of node operators.
- He emphasized that Bitcoin's strength lies in its issuance model, security, and decentralized community, rather than any individual holder like Saylor.
- Rochard dismissed the idea that a better alternative to Bitcoin could easily emerge, citing Bitcoin's unique position and network effects.
- He reinforced the importance of Bitcoin's permissionless nature, community-driven validation, and users' ability to self-custody coins.
- Rochard concluded that Bitcoin's governance is rooted in its code and global community commitment to peer-reviewed upgrades and protocol integrity.
- At the time of writing, Bitcoin was trading at $82,404.
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