In his keynote speech at BTC Prague, MicroStrategy CEO Michael Saylor expressed the imaginative and prescient of Bitcoin because the world's first good cash, a profound innovation with the potential to reshape financial and political techniques globally. Drawing parallels with historic scientific revolutions, Saylor positioned Bitcoin as a disruptive financial drive that ushered in a brand new period of economic perception.
Saylor's presentation was extra of a sermon than a keynote, harking back to a church pastor preaching salvation to his flock. Not like a spiritual chief, Saylor's sermon was geared toward reaffirming and inspiring the viewers to imagine in bitcoin, not in god, not in himself, not in his society, cultural persona, or in something aside from the self-sovereignty and “perfection” of bitcoin. One in every of his closing sentences concerning these promoting bitcoins was,
“Satoshi forgive them; they know not what they do.”
Saylor launched an idea he referred to as the “21 Guidelines of Bitcoin”. Whereas acknowledging the subjective nature of those guidelines, he described them as guiding ideas for understanding and accepting Bitcoin. In keeping with Saylor, those that perceive Bitcoin all the time select to spend money on it, whereas those that don't are likely to criticize it. This dichotomy highlights a significant paradigm shift the place conventional views of cash and worth are challenged.
The 21 Guidelines of Bitcoin by Michael Saylor
- Those that perceive bitcoin purchase bitcoin. Those that don't criticize Bitcoin.
- Everyone seems to be towards bitcoin earlier than they’re for it.
- You understand you perceive Bitcoin when you already know you’ll by no means totally perceive Bitcoin. You’ll by no means cease studying about Bitcoin.
- Bitcoin is powered by chaos.
- Bitcoin is the one on line casino recreation the place we will all win.
- Bitcoin received't shield you for those who don't put on armor.
- Bitcoin is the one factor within the universe that you may really personal.
- Everybody will get bitcoins on the worth they deserve.
- Solely purchase bitcoins with cash you’ll be able to't afford to lose.
- Matrix escape tickets are valued in bitcoins.
- Details about Bitcoin is proscribed to those that have to know.
- All of your fashions might be destroyed.
- The treatment for financial ills is the orange capsule.
- Be pro-Bitcoin, not anti-fiat.
- Bitcoin is for everybody.
- Study to suppose in Bitcoins.
- You don't change Bitcoin; it is going to change you
- Laser eyes will shield you from infinite lies.
- Respect bitcoin or you’ll be made a idiot of.
- Don't promote your bitcoins.
- Unfold bitcoins with love.
One in every of Saylor's key factors was bitcoin's intrinsic worth as “good cash,” in distinction to historic and modern types of foreign money equivalent to seashells, tobacco, and fiat cash. He emphasised that Bitcoin's worth lies not in asset appreciation, however within the realization of its absolute worth in a distorted monetary atmosphere. This shift in perspective, akin to a scientific revelation, forces people to desert typical pondering and embrace the progressive framework of Bitcoin.
Saylor additionally highlighted bitcoin's distinctive place as an “financial virus” that may permeate layers of society and expertise over time. He argued {that a} correct understanding of Bitcoin requires an appreciation of its long-term potential and affect on future generations. This angle requires fixed studying and adaptation, recognizing that Bitcoin's affect will evolve with technological advances and societal constructions.
Contemplating the volatility and inherent threat of conventional investments, Saylor offered bitcoin as a hedge towards chaos and entropy. He likened Bitcoin to a haven in a world characterised by instability, drawing a historic analogy to the soundness of Swiss banks throughout World Battle II. This angle frames Bitcoin as a resilient asset able to withstanding and benefiting from world financial shocks.
“Do you wish to revenue from the chaos or cease it? You’ll be able to't cease entropy (…) Bitcoin is a home of chaos – anybody who desires to play on this recreation can preserve successful.”
Saylor additional expressed that Bitcoin represents true possession in a world the place most property are managed by exterior entities. He highlighted the decentralized and safe nature of Bitcoin, making it the primary asset in human historical past that people can really personal with out counting on intermediaries. This precept of possession is key to understanding Bitcoin's worth proposition. He argued towards the idea of investing solely what you be capable of enable to lose as an alternative of advocating investing the cash you cannot enable to lose in bitcoins.
“If you say solely make investments cash you’ll be able to afford to lose, you're doing the ethical equal of playing with the percentages stacked towards you (…) No person's saying simply put the children on the varsity bus, that you just don't want me to return again.”
In closing, Saylor emphasised the significance of spreading bitcoin adoption via constructive engagement reasonably than confrontation. He advocated a compassionate method to educating others about Bitcoin, stressing that resistance typically stems from a lack of awareness. By supporting Bitcoin with love reasonably than hate, advocates can foster wider adoption and speed up the worldwide adoption of this revolutionary expertise.
Saylor's keynote speech at BTC Prague was a name to embrace the transformative energy of Bitcoin. His “21 Guidelines of Bitcoin” is a blueprint for understanding and navigating this new financial paradigm that emphasizes fixed studying, resistance to chaos, and a compassionate method to spreading the advantages of Bitcoin.
