Bitcoin
Michael Saylor’s 21 Rules for Bitcoin Calls Bitcoin ‘Chaos’ and an ‘Economic Virus’
In his talk at BTC Prague, MicroStrategy CEO Michael Saylor articulated a vision in Bitcoin as the world’s first perfect money, a profound innovation with the potential to reshape economic and political systems globally. Drawing parallels to historic scientific revolutions, Saylor positioned Bitcoin as a disruptive economic force, ushering in a new era of financial insight.
Saylor’s presentation seemed more like a sermon than a lecture, reminiscent of a church pastor preaching to his flock about salvation. Unlike a religious leader, Saylor’s sermon focused on reaffirming and encouraging the audience to believe in Bitcoin, not in God, not in himself, not in his company, in a cultural personality, nor in anything other than the self-sovereignty and the βperfectionβ of Bitcoin. One of his final lines about those who sell Bitcoin was:
βSatoshi forgive them; They don’t know what they’re doing.”
Saylor introduced a concept he called the β21 Rules of Bitcoin.β While he acknowledged the subjective nature of these rules, he framed them as guiding principles for understanding and adopting Bitcoin. According to Saylor, those who understand Bitcoin invariably choose to invest in it, while those who don’t understand it tend to criticize it. This dichotomy emphasizes a fundamental paradigm shift where traditional perspectives on money and value are challenged.
Michael Saylor’s 21 Rules of Bitcoin
- Those who understand Bitcoin buy Bitcoin. Those who do not criticize Bitcoin.
- Everyone is against Bitcoin before they are for it.
- You know you understand Bitcoin when you know you will never fully understand Bitcoin. You will never be done learning about Bitcoin.
- Bitcoin is powered by chaos.
- Bitcoin is the only casino game where we can all win.
- Bitcoin will not protect you if you do not wear the armor.
- Bitcoin is the only thing in the universe that you can actually own.
- Everyone gets Bitcoin at the price they deserve.
- Buy Bitcoin only with money you can’t afford to lose.
- Tickets to escape the matrix cost in Bitcoin.
- The view of Bitcoin is restricted to those who need to know.
- All your models will be destroyed.
- The cure for economic ills is the orange pill.
- Be for Bitcoin, not against the decree.
- Bitcoin is for everyone.
- Learn to think in Bitcoin.
- You don’t change Bitcoin; it changes you.
- Laser eyes protect you from endless lies.
- Respect Bitcoin, or it will make you a clown.
- Do not sell your Bitcoin.
- Spread Bitcoin with love.
One of Saylorβs key points was Bitcoinβs intrinsic value as βperfect money,β contrasting it with historical and contemporary forms of currency such as shells, tobacco, and fiat money. He emphasized that the value of Bitcoin does not lie in the appreciation of assets, but in realizing its absolute value in a distorted financial landscape. This shift in perspective, similar to a scientific revelation, forces individuals to break away from conventional thinking and embrace Bitcoin’s innovative structure. He reiterated that everyone gets Bitcoin at the price they deserve and seemed pleased to lose Bitcoin at $950.
βI got the price I deserved and I started buying for $9,500, but thatβs okay, Iβll buy for $95,000 and $950,000, and Iβll buy for $8 million.β
Saylor also highlighted Bitcoin’s unique position as an βeconomic virusβ that will permeate layers of society and technology over time. He argued that a proper understanding of Bitcoin requires an appreciation of its long-term potential and impact on future generations. This perspective requires continuous learning and adaptation, recognizing that Bitcoin’s influence will evolve with technological advances and social structures.
Addressing the volatility and inherent risk of traditional investments, Saylor presented Bitcoin as a hedge against chaos and entropy. He compared Bitcoin to a refuge in a world characterized by instability, drawing a historical analogy with the stability of Swiss banks during World War II. This perspective frames Bitcoin as a resilient asset capable of withstanding and benefiting from global economic turmoil.
βAre you in the business of profiting from chaos or stopping it? You can’t stop entropy [β¦] Bitcoin is the house of chaos β anyone who wants to play this game can keep winning.β
Saylor further articulated that Bitcoin represents true ownership in a world where external entities control the majority of assets. He emphasized decentralization and secure nature of Bitcoin, making it the first asset in human history that individuals can genuinely possess without relying on intermediaries. This principle of ownership is fundamental to understanding Bitcoinβs value proposition. He argued against the concept of investing only what you can afford to lose, instead advocating investing the money you can’t afford to lose in Bitcoin.
βWhen you say only invest with money you can afford to lose, you are making the moral equivalence of gambling with the odds against you [β¦] Nobody says just put the kids on the school bus and you donβt need me to come back.β
In closing, Saylor emphasized the importance of spreading Bitcoin adoption through positive engagement rather than confrontation. He advocated a compassionate approach to educating others about Bitcoin, emphasizing that resistance often stems from a lack of understanding. By promoting Bitcoin with love rather than hate, advocates can promote broader acceptance and accelerate global adoption of this revolutionary technology.
Saylor’s talk at BTC Prague was a call to embrace the transformative power of Bitcoin. His β21 Rules of Bitcoinβ are a roadmap for understanding and navigating this new economic paradigm, emphasizing continuous learning, resilience against chaos, and a compassionate approach to spreading the benefits of Bitcoin. benefits.
Mentioned in this article
Bitcoin
Big Tech Outperforms Bitcoin (BTC) as Trump Deal Weakens Token
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ β Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with βrevolutionaryβ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
Sign up for free CryptoCodex nowβA daily five-minute newsletter for traders, investors, and crypto curious people that will keep you up to date and ahead of the bitcoin and crypto bull market
Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
Getty Images
The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
βThe reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,β Cuban said. βTens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.β
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
Sign up for CryptoCodex nowβA free daily newsletter for the crypto-curious
Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become βa global βsafe havenββ and a βglobal currency.β potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters βenvisionβ β a means βof protecting our economiesβ¦ This is already happening in countries facing hyperinflation.β
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
Bitcoin (BTC) miner Riot Platforms (RIOT)βs second-quarter loss widens to $84.4 million as costs rise
Please note that our Privacy Policy, terms of use, cookiesIt is do not sell my personal information Has been updated.
CoinDesk is a awarded media outlet that covers the cryptocurrency industry. Its journalists follow a strict set of editorial policies. In November 2023, CoinDesk has been acquired by the Bullish group, owner of Optimistica regulated digital asset exchange. The Bullish Group is majority owned by Block.one; both companies have interests CoinDesk has a portfolio of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
Bitcoin
Why Trump Wants the US Government to Have a βNational Stockpileβ of Bitcoin
At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan β building a strategic bitcoin reserve. CNNβs Jon Sarlin explains what it is and why the crypto industry wants it.
-
News6 months ago
Bitcoin soars above $63,000 as money flows into new US investment products
-
DeFi6 months ago
Ethena downplays danger of letting traders use USDe to back risky bets β DL News
-
DeFi6 months ago
Zodialtd.com to revolutionize derivatives trading with WEB3 technology
-
News6 months ago
FRA Strengthens Cryptocurrency Practice with New Director Thomas Hyun
-
Markets6 months ago
Bitcoin Fails to Recover from Dovish FOMC Meeting: Why?
-
DeFi9 months ago
π Lido prepares its response to the recovery boom
-
DeFi8 months ago
PancakeSwap integrates Zyfi for transparent, gas-free DeFi
-
Videos8 months ago
BlackRock and Wall Street ready to take Bitcoin directly to $200,000 – Anthony Scaramucci
-
DeFi8 months ago
π΄ββ οΈ Pump.Fun operated by Insider Exploit
-
Videos8 months ago
This is the exact and unique time to sell your crypto asset – Raoul Pal
-
Videos8 months ago
βBlackRock HAS UNLEASHED a massive multi-trillion monsterβ β Lyn Alden and Eric Balchunas
-
Videos8 months ago
ONLY 2 WEEKS LEFT! Cryptocurrency Prices Are About to Go Crazy – Raoul Pal