Member-only story

Microsoft Shareholders Not Buying Into The Useless Ponzi That is Bitcoin

Can’t you just copy and paste cryptos?

Isaiah McCall
Yard Couch

--

Tulips

Aren’t “cryptos” basically the modern version of the tulip mania?

Well, yes and no. Yes, crypto does require the working of the greater fool rule, just like the tulips. However, the tulip market could only reach thousands of people in a small nation; crypto can reach billions around the entire planet.

People don’t understand the scale difference.

Crypto, or as I like to call it, “Crapto,” will end up as vaporware and idealistic drivel, just like NFTs and the metaverse did in the last bear market.

Do I believe all of this?

No. One is a flower. the other is a robust distributed system of cryptographic money. It’s immutable, finite digital gold. But the shareholders of Microsoft did not believe this. On Wednesday, Microsoft shareholders voted overwhelmingly against a proposal to invest 1% of the company’s assets in Bitcoin, effectively ending a topic that had drawn attention across tech and crypto circles.

Microsoft just spat on that thang, Lawd!

Remember, this is Microsoft we’re talking about … the crème de la crème … the same Microsoft who said the iPhone and tablet would never catch…

--

--

Responses (5)