Wednesday 3 August 2022 ▪ 13:00 ▪
my read – by
Michael Saylor is no longer CEO of MicroStrategy. This is what the media smuggled yesterday after the release of a press release from the company. From now on, he will devote himself to activities of buying bitcoins and will take the position of Executive Chairman of MicroStrategy. Saying that Vitalik Buterin had just called him” total clown “.
MicroStrategy CEO Saylor demoted?
In 1989, Michael Saylor founded MicroStrategy, a company specializing in business intelligence software. Since then, he has been its day-to-day manager.
But the nasty blows received by his company against the background of bear run didn’t fix things. This is despite a series of massive bitcoin purchases and Saylor’s role as a bitcoin advocate for some time.
The balance sheet is heavy for the company: fall in MSTR shares to more than 48%, losses of almost 1.5 billion dollars in connection with the collapse of BTC, etc.
Just yesterday, the business intelligence firm issued a statement that Michael Saylor no longer holds the title of CEO of MicroStrategy. We didn’t throw him out though. As an accompanying measure, the title of Executive Chairman falls to him, with the main role of buying bitcoins on behalf of the company.
” I believe that separating the roles of Chairman and CEO will allow us to better pursue our two business strategies of acquiring and owning bitcoins and expanding our enterprise analytics software business. As Executive Chairman, I will be able to focus more on our bitcoin acquisition strategy and related bitcoin promotion initiatives. While Phong will be empowered as CEO [de MicroStrategy]to manage the company’s entire operations. »
Vitalik Buterin takes it for a ” total clown »
Last Sunday, Vitalik Buterin, the man who predicted Meta’s failure, made unflattering comments on Twitter about the former CEO of MicroStrategy. Here is what he said:
” Why do maximalists keep choosing heroes who turn out to be total clowns? »
Of course it was Michael Saylor he had in his sights. The reason ? The latter has been criticizing Ethereum and its co-founder lately.
As a reminder, the former CEO of MicroStrategy claimed in a recent video that securities law is rooted in the “Decalogues” (the Bible’s ten commandments). And in his eyes, Ethereum is the type that breaks these laws and lacks ethics.
” For it to be a commodity, there can’t be an issuer, and the truth is, you can’t really make decisions. I mean one of the fundamental ideas in the crypto industry is that the fact that you can change it is what makes it a security said the man who considers Ethereum a security.
To drive home the point, he blurted out during the Blockhain Economy conference in Istanbul that “ ‘Ethically justifiable’ means that I must know that no one can change [le protocole]which includes Vitalik “.
And these comments from the former CEO of Microstrategy did not fail to irritate Vitalik Buterin and his entire gang. So, for the moment, we are only at the beginning of a long series of verbal fights between these 2 icons of the crypto universe. All that’s missing are statements from pro-cryptos Elon Musk and Jack Dorsey to make matters worse, and it will be a total disaster. In the eyes of no-coinersthis is indeed another weapon to be used against enthusiasts.
Sources: Discard; CNBC; Mashable India
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The blockchain and crypto revolution is underway! And on the day when the effects will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it