Michael Saylor shared: The solution to the challenges that face Meta FB is to integrate Bitcoin and Lightning High voltage signs into their platform. They would free themselves from the pure ad model, improve the quality and security of their services, and morph into a bank in cyberspace.

When asked they announced recently Meta are getting out of the crypto space was that a mistake for them, because if they added Bitcoin in to their business and built that out, theoretically, maybe they will be able to avoid the apple privacy issues and report better earnings.

Micheal Saylor:  “To be clear, the mistake was not getting in to the crypto space.  Meta pursued a DM project and that wasted many, many, years of their time.  If they were to go adopt and embed Bitcoin in to their product, they could deliver a compelling offering to billions of people which I think would be hundreds of billions of now trillions of dollars of the meta.  So, the answer to Meta’s problem on the revenue and the P & L Side is to embed Bitcoin and Lightning in to their product line.  And, the answer to the problem of how do you make cyberspace more secure and improve the quality of your products is to embed Bitcoin and Lightning in to your product line.

If you want to clean up WhatsApp scams, clean up Instagram, if you want to make you tube and twitter safe for children and safe for the world you got to wrap those personas in a layer of digital energy and that would be bitcoin or lightning.

Metas solution is to go from the peer ad model to a value creation model, where they become a bank in cyber space. It is no reason why they wouldn’t want to accumulate one to 10 trillion dollars or asset on their cloud platform, if they build Bitcoin and Lightning in to their product line.  So, I think that is the solution to the problem. They have not embraced Bitcoin that is the problem.”

Community Response:  To make money as a ‘bank’ means lightning apps are exposing your Bitcoin BTC held in the trust to counter-party risk via lending your coins.  Beware folks there is hidden leverage and fraud in this system that will surface soon – currently unregulated.

Wait, what bitcoin is held in a trust? When you open a lightning channel to a peer the bitcoin is locked on the BTC blockchain.

Bitcoin is used in an app like Strike. 99% of people aren’t going to run their node.

I am not sure if Prime Trust charges a hidden management fee or if they lend us the Bitcoin to make money on the spread. But it’s like one of the two. If anyone knows the answer let me know.

Prime Trust is the one-stop shop for financial infrastructure APIs and plug and play widgets that allow fintech and digital asset companies to innovate quickly, securely, and reliably.

Does this mean, we should encourage people to self-custody their coins. Hopefully, blocks can make that mainstream.

FB doesn’t want #Bitcoin or crypto. Just like they don’t want to protect user data. They have time and time again proved the opposite.

Time for them to ‘think different. Meta needs their Steve Jobs second coming moment, they need to simplify their thinking, focus, and products.