In his keynote at BTC Prague, MicroStrategy CEO Michael Saylor articulated a imaginative and prescient of Bitcoin because the world’s first good cash, a profound innovation with the potential to reshape financial and political methods worldwide. Drawing parallels to historic scientific revolutions, Saylor positioned Bitcoin as a disruptive financial power, ushering in a brand new period of monetary perception.
Saylor’s presentation appeared extra like a sermon than a keynote, paying homage to a church pastor preaching to his flock about salvation. Not like a non secular chief, Saylor’s sermon targeted on reaffirming and inspiring the viewers to consider in Bitcoin, not in God, not in himself, not in his firm, in a cultural character, nor in something aside from the self-sovereignty and ‘perfection’ of Bitcoin. Considered one of his closing traces about those that promote Bitcoin was:
“Satoshi forgive them; they do not know what they’re doing.”
Saylor launched an idea he referred to as “21 Guidelines for Bitcoin.” Whereas he acknowledged the subjective nature of those guidelines, he formulated them as guiding rules for understanding and embracing Bitcoin. In response to Saylor, those that perceive Bitcoin invariably select to put money into it, whereas those that do not perceive it are inclined to criticize it. This dichotomy highlights a elementary paradigm shift that challenges conventional views on cash and worth.
Michael Saylor’s 21 Guidelines for Bitcoin
- Those that perceive Bitcoin purchase Bitcoin. Those that do not criticize Bitcoin.
- Everyone seems to be in opposition to Bitcoin earlier than they’re for it.
- You recognize you perceive Bitcoin, when you know you’ll by no means absolutely perceive Bitcoin. You are by no means accomplished studying about Bitcoin.
- Bitcoin is powered by chaos.
- Bitcoin is the one sport within the on line casino the place we will all win.
- Bitcoin will not shield you for those who do not put on the armor.
- Bitcoin is the one factor within the universe that you would be able to really personal.
- Everybody will get Bitcoin on the worth they deserve.
- Purchase Bitcoin solely with the cash you possibly can’t afford to lose.
- Tickets to flee the matrix are priced in Bitcoin.
- Bitcoin perception is restricted to those that have to know.
- All of your fashions can be destroyed.
- The treatment for financial ills is the orange capsule.
- Be for Bitcoin, not in opposition to fiat.
- Bitcoin is for everybody.
- Be taught to assume in Bitcoin.
- You do not change Bitcoin; it modifications you.
- Laser eyes shield you from countless lies.
- Respect Bitcoin, in any other case you may be made a clown.
- Do not promote your Bitcoin.
- Unfold Bitcoin with love.
Considered one of Saylor’s key factors was Bitcoin’s intrinsic worth as “good cash,” contrasting it with historic and modern types of forex corresponding to shells, tobacco, and fiat cash. He emphasised that Bitcoin’s worth lies not within the valuation of belongings, however in realizing its absolute worth in a distorted monetary panorama. This shift in perspective, akin to a scientific revelation, forces people to interrupt standard considering and embrace Bitcoin’s revolutionary framework. He reiterated that everybody will get Bitcoin for the value they deserve and appeared content material with lacking out on Bitcoin at $950.
“I received the value I deserved, and I began shopping for at $9,500, however that is OK, I will purchase it at $95,000 and $950,000, and I will purchase it at $8 million.”
Saylor additionally highlighted Bitcoin’s distinctive place as an “financial virus” that may permeate by way of layers of society and expertise over time. He argued that an 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 developments and societal buildings.
Saylor targeted on the volatility and inherent danger of conventional investments and offered Bitcoin as a hedge in opposition to chaos and entropy. He in contrast Bitcoin to a refuge in a world marked by instability, drawing a historic analogy to the steadiness of Swiss banks throughout World Struggle II. This angle views Bitcoin as a resilient asset able to withstanding and benefiting from international financial turmoil.
“Are you making the most of chaos or stopping it? You may’t cease entropy […] Bitcoin is the home of chaos – anybody who needs to play in that sport can preserve successful.”
Saylor additional articulated that Bitcoin represents true possession in a world the place exterior entities management most belongings. He emphasised the decentralized and safe nature of Bitcoin, making it the primary asset in human historical past that people can actually personal with out having to depend on intermediaries. This precept of possession is prime to understanding Bitcoin’s worth proposition. He argued in opposition to the idea of solely investing what you do can afford to lose, as a substitute advocate investing the cash you earn cannot afford to lose in Bitcoin.
“While you say you must solely make investments with cash you possibly can afford to lose, you’re making an ethical equivalence to playing with the chances in opposition to you. […] Nobody is saying simply put the youngsters on the varsity bus and I haven’t got to come back again.”
Lastly, Saylor emphasised the significance of spreading Bitcoin adoption by way of optimistic engagement reasonably than confrontation. He advocated a compassionate strategy to educating others about Bitcoin, emphasizing that resistance usually comes from a lack of knowledge. By selling Bitcoin with love reasonably than hate, proponents can promote broader acceptance and speed up international adoption of this revolutionary expertise.
Saylor’s keynote at BTC Prague was a name to embrace the transformative energy of Bitcoin. His “21 Guidelines of Bitcoin” is a roadmap for understanding and navigating this new financial paradigm, emphasizing steady studying, resilience to chaos, and a compassionate strategy to spreading the advantages of Bitcoin.