Matt O'Dell, managing partner at Ten31, claimed this week that he understood Michael Saylor's true beliefs about Bitcoin development, specifically saying that if asked, “he believes in open source development. “We have actively broken deals to support them,” he claimed. Developer,” and “He’s proud of it.”
O’Dell’s opinion shared on Nostr is worth noting. Because he is a fundraiser and director of OpenSats, one of the largest donors to open source Bitcoin development.
Odell continued to verbally abuse Saylor. “One of the major ETFs was going to donate to open source developers. Saylor told them he would crush them if they did that, so they backed away from their commitment.”
Conversation between Michael Saylor and ARK
with jack dorsey Samson Mo It was later revealed that O'Dell's anonymous ETF sponsor was Cathie Woods' ARK Invest. 21 Stock Spot Bitcoin ETF.
O'Dell speculates that MicroStrategy's 214,246 bitcoin vault, which Saylor can use to develop and capitalize on competing ETFs, lends credence to Saylor's threat to “crash.” did.
The insinuation was clear to Mr. Odell's Bitcoiner audience at Nostr. Mr. Saylor wants Bitcoin to become more rigid, meaning he does not want to actively develop risky software upgrades that threaten his theory that Bitcoin is digital gold. This narrative fits with Bitcoin's anti-nationalist ethos, which has long rebelled against corporate takeovers.
Mr. Odell and many Bitcoiners use their wealth to thwart innovation and development whenever Mr. Saylor, the billionaire owner of the Nasdaq-listed Bitcoin holding company, threatens Bitcoin's identity as digital gold. I am concerned that this may be the case.
Read more: Cathie Wood’s ARK joins the Bitcoin ETF race – but does it matter?
However, according to Samson Moe, Odell mischaracterized what actually happened. In fact, he SaidThaler merely expressed an opinion on funding open source development. Regarding Bitcoin ETF, It's not about funding Bitcoin developers in general.
Mr. Moe also did not believe that Mr. Saylor's tone was in any way a threat to “crush” competing donors. Mow said that during the conversation, Thaler did not encourage companies or statisticians to capture Bitcoin developments. In the end, this exchange had little to do with Saylor's support for Bitcoin development.
“Even if ARK Invest decides whether or not to fund a development based on Saylor's input, it actually has nothing to do with Saylor and nothing to do with ARK,” Mo said. Sailor can't really stop what they do. Let's move on to the next drama.”
After all, despite the unconscious overreaction of many Bitcoiners, Michael Saylor never offered to pay Bitcoin developers to quit their jobs. He was having private conversations with a group of people, including ARK Invest, and then O'Dell became angry. Thaler has not commented on misconceptions about X or Nostra.
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