Saylor Pledges to Donate Bitcoin Wealth to Humanity: Sincere?

[ZAINmalik75]

I do agree that he is not that rich as let's say compare to the world's billionaire. And yet those people with or without media, are helping humanity with their wealth.

And so with that, it seems that Michael Saylor is all for the clout of being a Bitcoin investor. Maybe he will donate, it's up to him, but I do not see him putting majority of that money to charity, in my opinion.

Good point if he wants to donate and help the community how he can help in the first place and why he is advertising this. This is just a method to either hide his profits to manage the taxation or to manage high loss or profits. If he wants to help the community why he did not shared a proper plan and why he want to do that.

If he donates then he will donate in some good L2 projects being built on BTC blockchain that can bring him more returns otherwise a  investors don't just donate his money to any other platform. he can charge new and authentic platforms for extra fee to rent them his BTC for some time he can make money by any way from his BTC if he only own them without any partner.

[_act_]

Whether Michael Saylor is just playing with words and his emotions, I am seeing something genuine with his plan to "donate his Bitcoin wealth, focusing on Bitcoin's role in future economies."

Or maybe I am just an optimist person who can take anyone's words at face value. Certainly, he got a lot of Bitcoin to spare for all of us. Maybe he is planning one day to be of great help to humanity by supporting projects and communities that are need of help in many parts of the world, thereby contributing something for the betterment of the people, the environment and the future.

Now, in case you are one of this man's circle of advisers, what would you tell him with his grand plan of one day serving humanity?

I may think of it that you're either being pessimistic about Michael or you don't get the brain behind all these, this is not his first appearance in public saying all manner of things concerning bitcoin and crypto, of which some of his words unknowingly to him had been trespassed by himself, one thing he always set on target is to engaged the public through the media men to take up his spoken words or action.

[MrSpasybo]

Whether Michael Saylor is just playing with words and his emotions, I am seeing something genuine with his plan to "donate his Bitcoin wealth, focusing on Bitcoin's role in future economies."

Or maybe I am just an optimist person who can take anyone's words at face value. Certainly, he got a lot of Bitcoin to spare for all of us. Maybe he is planning one day to be of great help to humanity by supporting projects and communities that are need of help in many parts of the world, thereby contributing something for the betterment of the people, the environment and the future.

Now, in case you are one of this man's circle of advisers, what would you tell him with his grand plan of one day serving humanity?

We don't know Saylor exact plan yet. Maybe he'll give all his BTC to BTC development organizations or charities, or maybe he'll burn his private key, or maybe he'll send it to the Genesis address.

Charity is a great thing and would be a huge PR win for anyone donating billions of $ worth of BTC. But personally, I hope Saylor finds a way to permanently lock up his BTC so it can never be moved. That would reduce the total supply of BTC and increase its scarcity, which would help drive the price up.

Of course, I wouldn't say no if Saylor wanted to send me his BTC. I promise I wouldn't let him down ^^

[Bobcrypto]

since he made it public already then this is close to just promotion of the bull run cycle. he been doing this since the time he appeared to the public for Bitcoin. maybe another announcement will be made when the bear market starts. he could start by saying 'i was only joking'.

I also believe that it is nothing but PR, if he has truly taken this kind of decision, i doubt he will make it public, he would simply make it impossible for anyone to find his seed phrase when he is gone. I don't believe most things people say on the internet, there is usually a hidden motive to what they say.

Yes, must of the things people say or do on the internet is just creating personal publicity and drawing additional followers for themselves especially on social networks like Twitter and Facebook.
I am very skeptic about pronouncement on social networks about people's gestures, many of them are just people seeking attentions and trying to be relevant.
Like you mentioned, if truly Micheal Saylor want to give his Bitcoin to humanity, it shouldn't make it a public hearing, It should have been kept out of public notice until when he is old and plans to retire from active service. This is my opinion.

[Z-tight]

I hope Saylor finds a way to permanently lock up his BTC so it can never be moved. That would reduce the total supply of BTC and increase its scarcity, which would help drive the price up.

I know lost BTC's reduce the total coins in circulation and makes everyone's coins slightly worth more, but it is not so consequential in my honest opinion. Instead of doing it this way, it is much better is Saylor donates his coins to charity, there are so many poor and homeless people everywhere and his coins can give relieve to some of them.