How one man will cause the next financial crisis

Why Michael Saylor Could Trigger the Next Financial Crisis

Have you been watching what's happening with MicroStrategy and its Bitcoin accumulation strategy? I've been following this situation closely, and after watching Patrick Kenny's recent video on the topic, I felt compelled to dig even deeper into what might be one of the most precarious financial situations developing right before our eyes.

Michael Saylor, the CEO of MicroStrategy, has positioned his company as one of the largest corporate holders of BTC. But this isn't Saylor's first rodeo with volatile market valuations. Back in the late 1990s, MicroStrategy was valued at $6-7 billion before losing 99% of its value virtually overnight. This historical context is crucial to understanding the potential risks in his current strategy.

What's particularly concerning is Saylor's mantra of "never sell" BTC, encouraging others to hold indefinitely while MicroStrategy continues to accumulate. This creates a Ponzi-like structure where constant new investment is needed to maintain price levels. The strategy works brilliantly on the way up but could be catastrophic when the tide turns.

Recently, we've seen something remarkable happen: approximately 80,000 BTC from Satoshi-era wallets have moved and been liquidated. In a true free market, this should have caused a significant price correction. Instead, we've seen Tether print additional funds to maintain market stability. This artificial support can't continue indefinitely.

There are two regulatory developments that I believe will force this situation to a head within the next 24 months:

First, the Genius Act has already passed, requiring stablecoins like Tether to prove legitimate backing. The New York Attorney General's previous case against Tether established that they didn't have the assets they claimed. They now have about 24 months to become legitimate or cease operations.

Second, the upcoming Clarity Act (not yet passed) will establish standards for "mature blockchains" that aren't controlled by a single entity or group. I predict many cryptocurrencies, including BTC and Ethereum, won't qualify under these standards.

When these regulatory changes take full effect, and Tether can no longer print unbacked currency to prop up the market, what happens to MicroStrategy's BTC holdings? If Saylor starts selling, it could trigger a cascade effect that collapses the entire market.

This is why I've taken the controversial position that BSV (which I consider the original Bitcoin protocol) should be removed from all exchanges within this timeframe. Instead, it should only be available through direct onboarding platforms where users maintain control of their keys. This would protect it from the market manipulation and eventual crash that I see coming.

I understand the appeal of get-rich-quick schemes. At 27, I became a millionaire through hard work in business, but I lost it all through lack of discipline and poor financial management. This experience taught me the value of long-term thinking over short-term gains.

The coming years will bring a paradigm shift as blockchain technology integrates with advancing AI capabilities. Those focused on building sustainable value rather than speculative gains will be positioned to thrive through this transition.

What do you think about Saylor's strategy? Are you concerned about Tether's influence on the market? I'd love to hear your thoughts in the comments.

Check out the full video here.

BitPay Affiliate Model: What #BitCoin Community Needs Now

EDGE WALLET MISSING MSV CONNECTION

I'm excited to share that we've just completed our first test run of streaming our X Spaces conversations directly to YouTube! It's been something I've wanted to try for a while, and with Harris's technical wizardry, we finally made it happen.

During this test stream, we had a fantastic conversation about what's really needed to drive Bitcoin adoption at the grassroots level. Casey shared her recent experiences talking with local farmers who are genuinely interested in accepting Bitcoin as payment but are struggling with the technical barriers and lack of appropriate tools.

What became abundantly clear is that we're missing something crucial in the BSV ecosystem: an all-in-one merchant solution that combines payment processing with accounting and customer relationship management. Imagine a farmer at a market being able to take Bitcoin payments, track inventory, manage taxes, and build a customer list all in one simple application. That's the tool we need to create.

Raphael brought up an interesting model from the early days of Bitcoin adoption—BitPay's affiliate program. This allowed Bitcoin enthusiasts to earn commissions by onboarding merchants to the payment system. Implementing something similar for BSV could mobilize our passionate community to spread adoption one business at a time.

One bright spot in our conversation was the positive experiences people have had introducing the Money stablecoin (built on BSV) to potential users. The simplicity of a stable value combined with the efficiency of the Bitcoin protocol makes for an excellent onboarding experience. As Raphael colorfully put it, it's like the "gateway drug" to Bitcoin adoption.

We also discussed the need to get BSV back onto more mainstream wallets like Edge, which previously supported it but dropped integration due to technical challenges. Edge is particularly appealing because it was designed by accountants and has built-in features that would make it ideal for merchant adoption.

Looking ahead, we're exploring ways to support community initiatives through crowdfunding. Casey mentioned upcoming opportunities to represent BSV at farmer and homesteader events, which could be perfect venues to demonstrate the practical benefits of Bitcoin payments to receptive audiences.

The beauty of the original Bitcoin protocol is its versatility—it truly can do everything from micropayments to data storage to smart contracts. Our challenge isn't technical capability but effective communication and user-friendly implementation.

Check out the full video here.

Satoshi Wallet Moves, Iceberg Connections, & Terranode - State of BitCoi...

The Future of Bitcoin: Teranode, Satoshi's Coins, and the Genius Act

Hey everyone!

I just wrapped up an incredible discussion about the current state of the Bitcoin protocol, and I can't wait to share some of the fascinating insights we uncovered.

We kicked things off by diving into what's happening with Teranode and the Bitcoin protocol. There's so much backstory here that most people aren't aware of! I was fortunate enough to have Scott share his personal connection with Roy Murphy, going all the way back to 2011 when they first met in Cyprus. It was fascinating to hear how Roy was already deeply knowledgeable about Bitcoin when it was trading at less than a dollar.

One of the most mind-blowing topics we covered was the movement of Satoshi-era coins. Yes, you read that right—those long-dormant wallets are actually moving! What's even more intriguing is the legal notices attached to them through something called "constructive possession." The Solomon Brothers legal notices have appeared on thousands of wallet addresses, though there are some suspicious elements about this law firm that have us all questioning what's really happening.

I also discussed how Michael Saylor and MicroStrategy might be in a precarious position. Their strategy of buying BTC through bonds at 0% interest seems sustainable only as long as the price continues to rise. When combined with the new Genius Act requiring stable coins to be fully backed by US treasuries, we could be looking at a significant market shift within the next 24 months.

The conversation took an unexpected turn when Mr. Ben joined and proposed a fascinating theory about the Money stablecoin. He suggested that the US government's strategy might be to create a dominant global stablecoin backed by US treasuries, effectively exporting US debt to the world while maintaining dollar dominance. And guess what platform he believes this will all run on? BSV. The original Bitcoin protocol could serve as the rails for this new financial system.

We also touched on practical adoption challenges. Casey shared her experiences trying to onboard farmers and merchants to accept BSV payments. It's clear that businesses need more than just another wallet—they need integrated solutions that handle accounting, CRM, and multiple signatories all in one place.

Through it all, I maintained that we should be long-term thinkers. The original Bitcoin protocol wasn't designed for get-rich-quick schemes but for building something special that will last. As regulatory clarity emerges through acts like the Genius Act and the upcoming Clarity Act, the distinction between mature blockchains and centrally controlled ones will become increasingly important.

I believe we're at a fascinating inflection point in the history of digital currencies and blockchain technology. The next 24 months could bring significant changes to the ecosystem as we know it.

What do you think about these developments? Are you keeping an eye on the Money stablecoin? Do you believe BSV could serve as the rails for a new financial system?

Check out the full video here.

The GENIUS Act & MNEE: Secret Stablecoin Revolution Begins

Could the Bitcoin revolution actually happen through a stablecoin? Recent evidence suggests it might, and it could be tied directly to Satoshi Nakamoto's recent moves and the GENIUS Act.

The Perfect Flatline: Unprecedented Stability

Something extraordinary has happened with MNEE stablecoin, built on the original Bitcoin protocol. Until recently, its price chart showed typical stablecoin behavior - small fluctuations up and down, maintaining general stability but with visible market movements.

Then, on July 29th, something changed. MNEE's price chart suddenly flatlined completely - achieving perfect stability that's unprecedented in the stablecoin world. This wasn't a minor improvement in stability; it was a complete transformation to perfect flatness.

The Satoshi Connection

This perfect flatline appeared just days after Galaxy Digital announced that Satoshi's 80,000 BTC was entering what's called a "no notion sale" on July 25th. This means the BTC wasn't liquidated to fiat currency (which would trigger a taxable event) but was likely converted to US treasuries or derivatives.

If Satoshi converted 80,000 BTC to treasuries, where would those treasuries go? The timing suggests a direct connection to MNEE stablecoin's sudden perfect stability. A massive influx of treasuries - potentially billions of dollars worth - could explain why MNEE suddenly achieved perfect stability when no other stablecoin has managed this feat.

The GENIUS Act: Compliance vs. Resistance

The GENIUS Act has created a regulatory framework for stablecoins in the US, giving providers roughly a two-year timeline to become fully compliant - with complete auditing, transparency, and legitimate treasury backing.

MNEE stablecoin seems to have positioned itself perfectly for this new regulatory landscape. As Ron (the Canadian developer behind MNEE) and his team focused exclusively on US stablecoin adoption and 100% compliance, Tether took a different approach - continuing to print more tokens without demonstrating the same commitment to transparency.

The Bitcoin Revolution Through Compliance

This development suggests the Bitcoin revolution might happen through an unexpected path: fully compliant stablecoin adoption enabled by the GENIUS Act. MNEE stablecoin, built on the original Bitcoin protocol, appears to be at the forefront of this revolution.

For businesses looking to adopt cryptocurrency solutions, a perfectly stable, fully compliant digital dollar provides the ideal onramp - especially compared to volatile cryptocurrencies or questionably-backed stablecoins like Tether.

A Warning: Get Off The Exchanges

If this analysis is correct, those holding assets on Tether-backed exchanges face significant risk. When "the music stops" with Tether and BTC - which seems increasingly likely as the GENIUS Act's compliance deadline approaches - you don't want to be tied to that ship when it goes down.

The strategic move appears to be getting the original Bitcoin off all exchanges and bucket shops, focusing instead on legitimate Bitcoin transactions through compliant channels like MNEE stablecoin.

While this may create short-term price volatility, the long-term vision (2+ years) suggests a more stable, compliant, and ultimately more valuable ecosystem built around the original Bitcoin protocol and properly-backed stablecoins like MNEE.

The revolution may not be what many expected, but it might already be underway through the perfect stability of MNEE stablecoin.