Throughout his keynote tackle at BTC Prague, MicroStrategy CEO Michael Saylor articulated his imaginative and prescient for Bitcoin because the world's first good forex and a groundbreaking innovation with the potential to reshape the world's financial and political techniques. Drawing an analogy to historic scientific revolutions, Saylor positioned Bitcoin as a disruptive financial drive, ushering in a brand new period of economic perception.
Saylor's presentation was extra of a sermon than a keynote, extra like a pastor preaching to his congregants about salvation. In contrast to a non secular chief, Saylor's sermon was targeted on reaffirming and inspiring his viewers to think about God, himself, his firm, cultural figures, and nothing however Bitcoin's self-sovereignty and “perfection.” Considered one of his closing phrases about individuals promoting Bitcoin was:
“Satoshi, forgive them. They don't know what they're doing.”
Saylor launched an idea he referred to as the “21 Guidelines of Bitcoin.” Whereas he acknowledged the subjective nature of those guidelines, he positioned them as a information to understanding and accepting Bitcoin. In response to Saylor, individuals who perceive Bitcoin will all the time select to put money into it, whereas those that don’t are likely to criticize it. This dichotomy highlights a elementary paradigm shift through which conventional views of cash and worth are being questioned.
Michael Saylor's 21 Guidelines for Bitcoin
- Those that perceive Bitcoin will purchase Bitcoin. Those that don't criticize Bitcoin will purchase Bitcoin.
- Earlier than everybody was for Bitcoin, they have been towards it.
- You’ll know you perceive Bitcoin if you understand you’ll by no means absolutely perceive it. You’ll by no means end studying about Bitcoin.
- Bitcoin is powered by chaos.
- Bitcoin is the one recreation within the on line casino the place we will all win.
- Should you don't put on armor, Bitcoin received't defend you.
- Bitcoin is the one factor within the universe you’ll be able to actually personal.
- Everybody can get Bitcoin on the proper value.
- Solely purchase Bitcoin with cash you can not afford to lose.
- Tickets to flee the Matrix might be priced in Bitcoin.
- Bitcoin insights are restricted to these on a need-to-know foundation.
- All fashions might be destroyed.
- The treatment for financial ills is an orange capsule.
- Converse for Bitcoin, not towards fiat.
- Bitcoin is for everybody.
- Study to suppose in Bitcoin.
- You don't change Bitcoin, Bitcoin adjustments you.
- Laser eyes will defend you from countless lies.
- Respect Bitcoin otherwise you'll be a clown.
- Don’t promote your Bitcoin.
- Unfold the love for Bitcoin.
Considered one of Saylor's key factors is Bitcoin's intrinsic worth because the “good cash,” contrasting it with historic and trendy currencies reminiscent of shells, cigarettes, and fiat currencies. He emphasised that Bitcoin's worth doesn’t lie within the appreciation of belongings, however within the realization of its absolute worth in a distorted monetary surroundings. This variation in perspective is akin to a scientific revelation, breaking down typical pondering and spurring people to embrace Bitcoin's modern framework. He reiterated that anybody can get Bitcoin at an affordable value, and appeared content material to overlook out on the $950 Bitcoin.
“I purchase at an affordable value, I begin off shopping for at $9,500 and that's advantageous. I'll purchase at $95,000, $950,000 after which $8 million.”
Saylor additionally emphasised that Bitcoin is uniquely positioned to turn into an “financial virus” that may seep into layers of society and know-how over time. He argued that to correctly perceive Bitcoin, one should consider its long-term potential and its affect on future generations. This attitude requires steady studying and adaptation, acknowledging that Bitcoin's affect will evolve alongside technological advances and social constructions.
Addressing the volatility and inherent dangers of conventional investments, Saylor launched Bitcoin as a hedge towards chaos and entropy. He likened Bitcoin to a haven in a world characterised by volatility, drawing historic parallels with the steadiness of Swiss banks throughout World Warfare II. From this attitude, he positions Bitcoin as a resilient asset that may each face up to and profit from international financial turmoil.
“Are you within the enterprise of benefiting from chaos, or are you within the enterprise of stopping chaos? You’ll be able to’t cease entropy (…) Bitcoin is the home of chaos. Anybody who needs to play in that recreation can maintain successful.”
Saylor additional acknowledged that Bitcoin represents true possession in a world the place exterior entities management most belongings. He emphasised Bitcoin's decentralization and safety, stating that Bitcoin is the primary asset in human historical past that may be actually owned by people with out counting on intermediaries. This precept of possession is prime to understanding Bitcoin's worth proposition. He argued towards the notion of investing solely with belongings that one owns. can We are able to't afford to lose and advocate investing as an alternative Cannot You’ll be able to't afford to lose cash on Bitcoin.
“Saying you must solely make investments cash you’ll be able to afford to lose is morally equal to playing towards your self… Nobody places their children on the college bus and says I don't have to return again.”
Lastly, Saylor emphasised the significance of spreading Bitcoin adoption by means of optimistic engagement reasonably than confrontation. He advocated for a compassionate method when educating others about Bitcoin, emphasizing that resistance usually stems from a lack of know-how. By selling Bitcoin with love reasonably than hate, supporters can foster wider acceptance and speed up the worldwide adoption of this revolutionary know-how.
Saylor's keynote tackle at BTC Prague was a name to embrace Bitcoin's transformative energy, and his “21 Guidelines of Bitcoin” are a roadmap for understanding and navigating this new financial paradigm, emphasizing steady studying, resilience to disruptions, and a compassionate method to spreading Bitcoin's advantages.
