@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.** --- 🛠️ 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? --- 🏛️ 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? --- 🔑 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. --- 🧩 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? --- 🎤 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. --- ![]() ![]() |
@ibrahimkhan190 - May 27, 2025
The reason of loss is because he didn,t invest in deso @bkat ![]() ![]() |