Crypto and the Canadian Trucker Protest.....What Can We Learn?

Michael Saylor is one of the most well known cryptocurrency advocates. Thanks to his bold move of investing in BTC, his company earned a hefty reward, and Saylor has been able to use this success to showcase the merits of crypto. Although I tend to agree with most of his comments regarding cryptocurrency, I think that the recent Canadian Trucker Protests should cause us to re-examine one of his conclusions. In this post, I will do my best to make the case that holding crypto with a third party custodian that provides fiat settlement services more or less re-creates the existing financial system under a different name and negates the peer to peer nature of cryptocurrencies in favor of convenience. #bitcion #crypto #cryptocurrency

References https://bitcoin.org/bitcoin.pdf https://twitter.com/saylor/status/1313494150554308615 https://twitter.com/APompliano/status/1495038292773019655 https://www.cbc.ca/news/politics/ottawa-protests-frozen-bank-accounts-1.6355396