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The author may be right in that MSTR putting the surplus capital towards BTC was a somewhat strange and potentially reckless move. He got a lot of things wrong

The author may be right in that MSTR putting the surplus capital towards BTC was a somewhat strange and potentially reckless move. He got a lot of things wrong with what Bitcoin is and how it works. For instance he claims Bitcoin to be anonymous and a criminals' haven when all BTC transactions are publicly and permanently recorded on the blockchain. While also criticising it's inefficiencies he offers no other alternatives nor any solutions for them. Unrelated though; There is no fighting against Bitcoin as the future of digital currency. The fast dinosaurs like PayPal have already started seeing the mass extinction ahead.

helen___keller 6y ago
> There is no fighting against Bitcoin as the future of digital currency. The fast dinosaurs like PayPal have already started seeing the mass extinction ahead. My experience in the past 9 months is that shopify is winning online payments for small vendors with websites, venmo is winning for individuals selling peer-to-peer (e.g. facebook marketplace), and anyone bigger has their own credit card management front-end. I've purchased from many small operations for my hobby (houseplants), and in the past 9 months only 1 of them has advertised accepting bitcoin. YMMV
- freebuju 6y ago
  That is why I said future . Bitcoin is not ready today or even tomorrow for merchant or even peer to peer payments. Takes forever to confirm transactions and is not exactly intuitive to use. However it is a no-brainer once it matures to be robust, faster, and have cheaper fees to use. Btw doesn't have to be the winner here since Bitcoin has competitors in this space. Might take 5-7 decades for this to be fully achieved but it will eventually replace most middlemen we have today for payments.