PBD Podcast Michael Saylor | PBD Podcast | Ep. 212
14 snips
Dec 6, 2022 Michael Saylor, CEO of MicroStrategy and a prominent Bitcoin advocate, joins Patrick Bet-David for a gripping discussion. Saylor fiercely critiques Sam Bankman-Fried and the FTX collapse, questioning ethics in the crypto space. They explore the mysterious deaths of crypto billionaires and what this means for the industry. Saylor elaborates on the distinction between centralized and decentralized systems, Bitcoin's market correlation, and reflects on his significant financial losses. This conversation dives deep into the dark side of cryptocurrency and its implications for the future.
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SBF's Scheme
- Michael Saylor explains SBF's scheme: creating fake collateral (air tokens), taking loans, extracting real cash, and gambling it.
- This differs from simply dumping tokens on retail; he used it to acquire assets and influence.
Investor Responsibility
- Investors in FTX, even experienced ones, bear responsibility for the collapse.
- Their greed and lack of due diligence contributed to the situation.
Killer Nurse Analogy
- Patrick Bet-David recounts a documentary about a nurse who killed patients.
- He draws parallels to Sam Bankman-Fried's denial of responsibility for missing funds.
