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@akalayci34 - May 27, 2025
🎭"Saylor vs. NFTs: A Critique in Tokens"

Michael Saylor’s dismissal of on-chain proof-of-reserves sounds a lot like someone rejecting **token provenance** in the NFT space. But here’s the thing: **NFTs prove the opposite** of what he’s suggesting.

🎨 1. Provenance is Everything

In NFTs, value comes from *provable ownership*. If Beeple’s “Everydays” couldn’t be verified on-chain, it wouldn’t be worth \$69M—it’d just be a JPEG.

> Saylor’s logic rejects provenance** by arguing transparency weakens security. But **in the NFT world, transparency *is* security.**

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🛠️ 2. Smart Contracts ≠ “Trust Me Bro”

NFT ecosystems thrive because **code enforces trust**, not CEOs. No NFT collector would buy a PFP from a project that says,

> “Don’t worry, the mint wallets are safe—we just won’t show them to you.”

Saylor wants Bitcoin to be a trustless asset… backed by trust-based accounting?

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🏛️ 3. Blue-Chip NFTs and Reputation

In NFT culture, blue-chip status is earned through **public behavior, verified transactions, and community trust**—on-chain.

> Saylor claims to be a Bitcoin blue-chip. Then why resist the same kind of **open ledgers** that made CryptoPunks and BAYC valuable?

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🔑 4. NFTs Give You the Keys—Literally

The whole mantra of NFTs is: *“Don’t trust, verify. Own your keys, own your asset.”*

> Saylor’s stance implies: *“Trust the custodian. We’ll handle the keys. Just believe us.”*

That’s not crypto. That’s TradFi dressed in digital robes.

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🧩 5. If You Can’t Show It, You Don’t Own It

Just like fake NFTs collapse when provenance can't be verified, **paper Bitcoin collapses when reserves can’t be proven**.

> Would anyone take seriously an NFT project that refuses to link its contract on Etherscan?

Then why accept the same from a public Bitcoin custodian?

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🎤 Final Mic Drop:

If NFTs taught us one thing, it’s this:

> 🔗 **On-chain or it didn’t happen.**

Michael Saylor might speak like a maxi, but when it comes to proof-of-reserves, he’s acting more like a maximalist of **opacity**—not transparency.

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@ibrahimkhan190 - May 27, 2025
The reason of loss is because he didn,t invest in deso @bkat
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