[Vitalik: Michael Saylor's Advocacy Of Protecting Cryptocurrencies Through Regulatory Capture Is Nonsense] According To TechFlow, On October 23, Ethereum Co-founder Vitalik Buterin Posted On Social Media That MicroStrategy Executive Chairman Michael Saylor's Recent Remarks On Bitcoin Custody Were "complete Nonsense." Vitalik Pointed Out That Saylor Seemed To Be Explicitly Advocating The Protection Of Cryptocurrencies Through Regulatory Capture, That Is, "when Regulated Public Entities Like BlackRock And Fidelity Hold Assets, All Legislators And Law Enforcement Agencies Will Invest In These Entities." Vitalik Believes That This Strategy Has Many Failed Precedents And Is Contrary To The Essential Purpose Of Cryptocurrency. Previously, Saylor Said In An Interview On October 21 That Bitcoin Holders Would Not Lose Money If They Handed Their Assets Over To Large Banks For Custody, And Criticized The View That The Government Would Confiscate Bitcoin As "unnecessary Fear." This Position Is In Stark Contrast To His Previous View That He Supports Bitcoin Self-custody. Saylor's Remarks Have Caused Widespread Controversy In The Cryptocurrency Community. Industry Insiders Such As 21st Capital Founder "Sina" And "Bank To The Future" Author Simon Dixon Questioned The Motives Behind Saylor's Remarks, Speculating That It May Be Related To MicroStrategy's Plan To Transform Into A "Bitcoin Bank."