Michael Saylor, Chairman of MicroStrategy and a outstanding Bitcoin advocate, has reiterated his intention to destroy Bitcoin keys following his demise.
In a current interview, Saylor described the motion as a technique to profit all Bitcoin holders, describing it as a “proportional donation to everybody on the earth who owns Bitcoin.”
Saylor elaborated on his philosophy, highlighting Bitcoin’s distinctive qualities. “When you accumulate plenty of wealth in Bitcoin after which burn the keys if you depart, you’ve given everybody else on the earth who owns Bitcoin a proportional contribution primarily based on their contributions and their data of Bitcoin,” he mentioned.
Noting that Bitcoin is a software for world prosperity, Saylor added, “Supporting Bitcoin as a protocol for prosperity is a good factor to do.” Saylor launched the concept of key destruction as a type of inheritance that may permit the Bitcoin ecosystem to collectively profit from irredeemable cash, successfully decreasing the availability and growing the shortage of the asset.
Throughout the dialog, Saylor additionally expressed how he hopes to be remembered. “I hope I am recognized for taking the torch from Satoshi and commercializing Bitcoin with firms and governments a long time after he handed away,” he mentioned, referring to Bitcoin’s nameless founder.
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