Bill Barhydt, CEO of Abra and an early Bitcoin adopter, criticized Michael Saylor’s proposal to make his personal Bitcoin holdings of over 17,000 BTC permanently inaccessible. In an interview, Barhydt voiced his concerns that this strategy, intended to lower the supply and increase value for the Bitcoin community, does not benefit it as intended. He argued that instead of locking away his holdings, Saylor should invest in educational initiatives for low-income individuals or develop Bitcoin-based banking and remittance services in underserved markets. Barhydt highlighted the earlier days of Bitcoin when enthusiasts promoted its adoption by giving away Bitcoin to foster understanding of its decentralized nature. He contrasted this with Saylor's approach, which he believes focuses too much on the value of existing assets rather than expanding the user base of Bitcoin. Barhydt's comments raise questions about the long-term implications of freezing substantial Bitcoin holdings for the broader community.

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