Unchained · Wednesday, July 8, 2026
Some argue that MicroStrategy's recent actions, including selling Bitcoin and structuring its finances around preferred dividends, represent a departure from the original Bitcoin ethos. This is compared to criticisms of the US dollar's centralized management, suggesting MicroStrategy is creating its own version.
“But now, this structure that a strategy has created, it shifts that away from belief in Bitcoin to now you have to have faith in the team at strategy.”
“And, you know, I also, my personal take on this is that this is also a departure from the Bitcoin ethos. It's literally kind of going back to what Michael Sailor has been criticizing, where, you know, he has criticized the US dollar, um, you know, he calls it trash, like a melting ice cream, you know, whatever.”
“And the dollar is something where there's kind of like a small group of people, they're sort of in charge of, you know, how it's managed, and so you have to have faith in those people. You know, strategy is sort of created their own version of that, and so it's, it's just not really aligned with Bitcoin's philosophy anymore.”