Michael Saylor's 21 Guidelines for Bitcoin calls Bitcoin 'Chaos' and an 'financial virus'

In his keynote at BTC Prague, MicroStrategy CEO Michael Saylor articulated a vision of Bitcoin because the world’s first excellent cash, a profound innovation with the potential to reshape financial and political programs globally. Drawing parallels to historic scientific revolutions, Saylor positioned Bitcoin as a disruptive financial power, ushering in a brand new period of economic perception.

Saylor’s presentation was extra like a sermon than a keynote, paying homage to a church pastor preaching to his flock about salvation. In contrast to a non secular chief, Saylor’s sermon was centered on reaffirming and inspiring the viewers to consider in Bitcoin, not god, not himself, not his firm, a cultural persona, nor something apart from the self-sovereignty and “perfection” of Bitcoin. One in all his closing strains regarding those that promote Bitcoin was,

“Satoshi forgive them; they know not what they do.”

Saylor launched an idea he termed “21 Guidelines of Bitcoin.” Whereas he acknowledged the subjective nature of those guidelines, he framed them as guiding rules for understanding and embracing Bitcoin. In accordance with Saylor, those that comprehend Bitcoin invariably select to spend money on it, whereas those that don’t perceive it are inclined to criticize it. This dichotomy emphasizes a elementary paradigm shift the place conventional views on cash and worth are challenged.

Michael Saylor’s 21 Guidelines of Bitcoin

1. Those that perceive Bitcoin purchase Bitcoin. Those that don’t criticize Bitcoin.
2. Everyone seems to be in opposition to Bitcoin earlier than they’re for it.
3. You realize you grasp Bitcoin when you understand you’ll by no means totally perceive Bitcoin. You’ll by no means be carried out studying about Bitcoin.
4. Bitcoin is powered by chaos.
5. Bitcoin is the one sport within the on line casino the place we will all win.
6. Bitcoin received’t shield you for those who don’t put on the armor.
7. Bitcoin is the one factor within the universe that you would be able to actually personal.
8. Everybody will get Bitcoin on the worth they deserve.
9. Solely purchase Bitcoin with the cash you may’t afford to lose.
10. Tickets to flee the matrix are priced in Bitcoin.
11. Bitcoin perception is restricted to those that have to know.
12. All of your fashions might be destroyed.
13. The treatment for the financial ailing is the orange tablet.
14. Be for Bitcoin, not in opposition to fiat.
15. Bitcoin is for everyone.
16. Study to suppose in Bitcoin.
17. You don’t change Bitcoin; it adjustments you.
18. Laser eyes shield you from infinite lies.
19. Respect Bitcoin, or it should make a clown out of you.
20. Don’t promote your Bitcoin.
21. Unfold Bitcoin with love.

One in all Saylor’s key factors was the intrinsic worth of Bitcoin as “perfect money,” contrasting it with historic and up to date types of foreign money like seashells, tobacco, and fiat cash. He emphasised that Bitcoin’s worth lies not within the appreciation of belongings however in realizing its absolute worth in a distorted monetary panorama. This shift in perspective, akin to a scientific revelation, compels people to interrupt from standard pondering and embrace Bitcoin’s modern framework. He reiterated that everybody will get Bitcoin on the worth they deserve and appeared content material with lacking out on Bitcoin at $950.

“I acquired the value I deserved, and I began shopping for at $9,500, however that’s okay’ll be shopping for it at $95,000 and $950,000, and I’ll purchase it at $8 million.”

Saylor additionally highlighted Bitcoin’s distinctive place as an “financial virus” that can permeate by means of layers of society and know-how over time. He argued {that a} correct understanding of Bitcoin requires an appreciation of its long-term potential and influence on future generations. This attitude necessitates steady studying and adaptation, acknowledging that Bitcoin’s affect will evolve with technological developments and societal constructions.

Addressing conventional investments’ volatility and inherent danger, Saylor offered Bitcoin as a hedge in opposition to 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 Struggle II. This attitude frames Bitcoin as a resilient asset able to withstanding and benefiting from world financial turmoil.

“Are you within the enterprise of benefiting from chaos or stopping it? You possibly can’t cease entropy […] Bitcoin is the home of chaos – anybody who needs to play in that sport can maintain successful.”

Saylor additional articulated that Bitcoin represents true possession in a world the place exterior entities management most belongings. He emphasised the decentralized and secure nature of Bitcoin, making it the primary asset in human historical past that people can genuinely personal with out reliance 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 can afford to lose, as a substitute advocating for investing the cash you can’t afford to lose in Bitcoin.

“Whenever you say solely make investments with cash you may afford to lose you’re making an ethical equivalence to playing with the chances in opposition to you […] Nobody says solely put the youngsters on the college bus that you just dont want me to return.”

In closing, Saylor emphasised the significance of spreading Bitcoin adoption by means of constructive engagement relatively than confrontation. He advocated for a compassionate strategy to educating others about Bitcoin, emphasizing that resistance typically stems from a lack of expertise. By selling Bitcoin with love relatively than hate, advocates can foster broader acceptance and speed up the worldwide adoption of this revolutionary know-how.

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 in opposition to chaos, and a compassionate strategy to spreading Bitcoin’s benefits.

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