😱🫨Vitalik Buterin criticized Michael Saylor's Bitcoin comment: "It's crazy..."
Ethereum founder #VitalikButerin has responded harshly to MicroStrategy chairman Michael Saylor’s Bitcoin custody statements.
In an interview on Markets with Madison, Saylor discussed his long-term vision for Bitcoin, saying that the risk of disease is increasing as unregulated individuals are collected and controlled.
“There is an increasing risk that Bitcoin will continue to be held by crypto anarchists who do not recognize the government, do not accept tax obligations or reporting requirements,” Saylor said. However, these comments may be ironic to some, as Saylor has previously paid $40 million to settle allegations of tax evasion and $8.5 million to settle accounting fraud charges.
Saylor also suggested that the idea of custody may be a pipe dream. “There is a lot of crypto that is very much tied to it, but 99.9 percent of the money is still in the traditional economy,” Saylor said, arguing that more secure custody solutions are offered than the hardware budgets of major banks.
Buterin responded to the comments on Twitter, calling Saylor’s statements “crazy.” Buterin responded to a post by Jameson Lopp, co-founder of Bitcoin custodian Casa, noting that Saylor advocates for crypto to be protected internationally. “There are many examples of where this strategy can fail, and to me, it doesn’t align with the values that crypto stands for,” Buterin said.
