- In keeping with Michael Saylor, Bitcoin is changing into the winner within the crypto ecosystem.
- Saylor believes Bitcoin is a low-risk community and would be the final community to function in regulated environments.
- Saylor highlights Bitcoin’s encryption and registration capabilities for securing vital paperwork.
YouTube channel Merely Bitcoin not too long ago posted a video investigating MicroStrategy co-founder Michael Saylor’s interview with David Lin discussing ordinals. In keeping with Saylor, the vast majority of crypto ecosystem members and capital are migrating to the Bitcoin base layer, saying Bitcoin is rising because the winner.
It (Bitcoin) is a low threat community.
Saylor additional provides that when all networks are shut down and person crypto safety is regulated, Bitcoin would be the final community to function. YouTube channel host praises MicroStrategy exec for ‘weighted’ stance.
Moreover, the YouTuber acknowledges Saylor’s view that no highly effective exterior pressure, together with “the Chinese language authorities or the federal government of america”, Bitcoin will be stopped.
In keeping with Merely Bitcoin, even when a significant participant bought billions of {dollars} price of crypto-mining gear A6 LTC Grasp and “attacked the system”, it could find yourself making the community even stronger.
Moreover, Saylor factors out that some paperwork are price much more than cash, corresponding to a will or the identify of somebody related to a enterprise. These paperwork will be encrypted and written to Bitcoin, based on Saylor, to keep away from being tampered with by different events corresponding to regulation companies, nation states and even firms.
The hosts of Merely Bitcoin conclude the video by citing almost 20,000-30,000 tokens and cash which have tried to enhance Bitcoin. Nevertheless, most of them failed and stop to exist now.
In the meantime, Saylor’s current remarks about ordinals being a “catalyst” for Bitcoin adoption, as talked about on the PBD podcast, aligns along with his present stance. Nonetheless, he acknowledges that ordinals have additionally been used for frivolous functions.
