How Bitcoin Fans Show Their Appreciation to Michael Saylor
Michael Saylor is a billionaire entrepreneur and a vocal advocate of Bitcoin. He is the founder and former CEO of MicroStrategy, a data analytics company that holds more than 140,000 bitcoins ($4.2 billion) in its treasury. Saylor has been praised by many Bitcoin enthusiasts for his bold and visionary strategy of investing in the leading cryptocurrency as a hedge against inflation and currency devaluation.
But how do Bitcoin fans express their gratitude and admiration to Saylor? By sending him tiny amounts of bitcoin via the Lightning Network, a layer-2 scaling solution that enables fast and cheap transactions on top of Bitcoin. Saylor recently revealed that he has activated a special Bitcoin “Lightning Address” mapped to his corporate email, saylor@microstrategy.com. This means that anyone can send him bitcoin by simply using his email address as the destination.
Saylor shared a screenshot on Twitter showing a steady stream of bitcoin tips flowing from fans, each one 21 satoshis (the smallest bitcoin unit, otherwise known as sats). 21 sats is equivalent to $0.006 at the current exchange rate, which is a symbolic amount that represents the 21 million limit of bitcoin supply. By sending 21 sats to Saylor, Bitcoin fans are saluting his commitment to the scarce and sound money that Bitcoin represents.
Why Use the Lightning Network?
The Lightning Network is a layer-2 scaling solution that makes BTC transactions faster and cheaper, although there are security trade-offs. Lightning balances and transactions are somewhat private compared to Bitcoin mainnet. It's not possible to reverse engineer either MicroStrategy or Saylor's transactional history to determine just how “rich” Bitcoin fans are making Saylor (whose net worth is already valued at $1.2 billion).
The Lightning Network also allows users to direct bitcoin to standard internet identifiers, such as email addresses or usernames, rather than QR codes or complicated strings of characters. This makes it easier and more user-friendly to send and receive bitcoin across different platforms and devices. For example, Saylor can receive bitcoin tips from his email address, his Twitter account, or his podcast app.
The Lightning Network is still in its early stages of development and adoption, but it has been growing rapidly in terms of capacity and usage. According to 1ML.com, a website that tracks Lightning Network statistics, there are currently over 30,000 nodes, over 100,000 channels, and over 3,000 bitcoins ($90 million) locked in the network. The Lightning Network also supports various applications and services that enable users to pay for goods and services, stream content, play games, and donate to causes with bitcoin.
What's Next for Saylor and Bitcoin?
Saylor has been one of the most influential figures in the Bitcoin space in the past year. He has inspired many other companies and institutions to follow his example and invest in Bitcoin as a reserve asset. He has also been educating the public about the benefits and potential of Bitcoin through various media appearances, podcasts, conferences, and courses.
However, Saylor is also facing some challenges and risks as a result of his Bitcoin advocacy. He is still on the hook for $25 million in unpaid taxes, penalties, and associated interest from his ongoing Washington, DC tax lawsuit. He also stepped down as MicroStrategy's CEO earlier this month amid regulatory scrutiny over his accounting practices for his massive crypto stash.
Despite these setbacks, Saylor remains optimistic and bullish about Bitcoin's future. He has predicted that the bitcoin price will eventually go “into the millions” and that regulation will be “good for the industry”. He has also stated that he will never sell his bitcoins and that he will continue to buy more whenever he can.
As long as Saylor keeps promoting and supporting Bitcoin, he can expect to receive more appreciation from Bitcoin fans around the world. Whether it's 21 sats or 21 bitcoins, every tip is a sign of respect and gratitude for his contribution to the Bitcoin community.
How to Send Bitcoin to Michael Saylor
If you are one of the many Bitcoin fans who want to show your appreciation to Michael Saylor, you might be wondering how to send him some sats via the Lightning Network. Here are the steps you need to follow:
- First, you need to have a Lightning wallet that supports Lightning Addresses. Some examples are Breez, Zebedee, Muun, and Phoenix. You can download them from your app store and set them up with some funds.
- Next, you need to enter Saylor's Lightning Address, saylor@microstrategy.com, in the recipient field of your wallet. You can also scan his QR code from his Twitter post.
- Then, you need to enter the amount of sats you want to send. The minimum is 21 sats ($0.006), but you can send more if you want. You can also add a message if you like.
- Finally, you need to confirm the transaction and wait for it to be processed by the Lightning Network. It should take only a few seconds or minutes, depending on the network conditions.
Congratulations! You have just sent some bitcoin to Michael Saylor and joined the ranks of his loyal fans. You can check his screenshot or his email address on a Lightning Address explorer to see if your tip has arrived.
The Bottom Line
Michael Saylor is a Bitcoin legend who has inspired many people to embrace the cryptocurrency as a store of value and a hedge against inflation. He has also been a generous educator and advocate of Bitcoin, sharing his knowledge and insights with the public. By sending him some bitcoin tips via the Lightning Network, Bitcoin fans are saluting his contribution and showing their support for his vision.
Do you want to learn more about Bitcoin and how it can benefit you? If so, you can check out some of the resources we have listed below. They will help you understand the basics of Bitcoin, how it works, why it matters, and how you can get started.
- Bitcoin.org: The official website of Bitcoin, where you can find everything you need to know about the cryptocurrency.
- Bitcoin Resources by Jameson Lopp: A comprehensive list of articles, books, podcasts, videos, and more about Bitcoin.
- Hope.com: A free online course by Michael Saylor and other experts that teaches you the fundamentals of Bitcoin.
- What Bitcoin Did: A popular podcast by Peter McCormack that features interviews with leading figures in the Bitcoin space.
- Swan Bitcoin: A service that allows you to buy Bitcoin automatically and regularly with low fees and high security.
We hope you enjoyed this article and learned something new about Bitcoin and Michael Saylor. If you did, please share it with your friends and family who might be interested in Bitcoin too. And don't forget to send some sats to Saylor if you appreciate his work. He will surely appreciate it too! 😊👏🚀
