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Will Saylor Destroy Bitcoin?

Lark Davis May 4, 2024
GBTC

Michael Saylor made a surprising announcement and Bitcoin Maxi’s jaws hit the floor. 

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Here is your weekend crypto update with all the juicy details…

Here's what's in today's issue:

  • Rebecca shares her thoughts on what MicroStrategy did, crypto companies dropping Q1 results, BTC ETFs bleeding, Wasabi Wallet surrendering & Friend.tech is back.
  • Altcoin alpha by David.
  • This week's airdrop by Jesse.
  • Sam has an NFT report on Base NFTs.

Look What MicroStrategy Did

MicroStrategy has become a Bitcoin development company that owns 1% of Bitcoin’s total supply.

So it’s no surprise that Michael Saylor’s next move is to build on Bitcoin….but wait for it…using Ordinals-like inscriptions.

I don’t think the Bitcoin Maxis were quite expecting that little detail.

Saylor unveiled his grand plans for “MicroStrategy Orange” at the MicroStrategy World Bitcoin For Corporations Conference.

It’s a decentralized identity app on Bitcoin that allows users to create decentralized identifiers (DIDs). 

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Essentially an orange checkmark for your email, it uses the Bitcoin blockchain to verify a user’s identity online.

MicroStrategy believes every Bitcoin Wallet should have a digital identity built into it. So, its use cases go far beyond email…e-commerce apps, social media and messaging platforms too.

Whilst

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