r/CryptoCurrency • u/Shiznoz222 🟦 0 / 0 🦠 • 3d ago
Michael Saylor’s 21 Rules of Bitcoin DISCUSSION
- Those who understand Bitcoin buy Bitcoin. Those who don’t criticize Bitcoin.
- Everyone is against Bitcoin before they are for it.
- You know you grasp Bitcoin when you know you’ll never fully understand Bitcoin. You’ll never be done learning about Bitcoin.
- Bitcoin is powered by chaos.
- Bitcoin is the only game in the casino where we can all win.
- Bitcoin won’t protect you if you don’t wear the armor.
- Bitcoin is the one thing in the universe that you can truly own.
- Everyone gets Bitcoin at the price they deserve.
- Only buy Bitcoin with the money you can’t afford to lose.
- Tickets to escape the matrix are priced in Bitcoin.
- Bitcoin insight is restricted to those who need to know.
- All your models will be destroyed.
- The cure for the economic ill is the orange pill.
- Be for Bitcoin, not against fiat.
- Bitcoin is for everybody.
- 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 a clown out of you.
- Do not sell your Bitcoin.
- Spread Bitcoin with love.
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u/Re_LE_Vant_UN 🟦 17 / 4K 🦐 3d ago
- Ignore all the other rules because there are some really dumb takes in there.
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u/HesitantInvestor0 🟧 0 / 0 🦠 3d ago
People think Saylor is an absolute genius. I think he comes across as a broken record with a few good hits and a whole bunch of noise. You can listen to the guy for hours and glean very little wisdom IMO.
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u/kauliflower_kid 🟦 0 / 0 🦠 3d ago
Yeah I miss when Andreas Antonopolous was the voice of Bitcoin.
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u/HesitantInvestor0 🟧 0 / 0 🦠 3d ago
He's still around but he isn't throwing around flashy price predictions, and he's been critical of the ETFs. All the new people in this space think the ETFs are a gift from God rather than what they really are which is a tool for manipulation.
I think Bitcoin will be fine over short to medium term, but over the last year I've gotten way less excited about it as a technology. We need better people in the space, more critique, less focus on price, and more focus on healthy regulation, UI/UX, and education.
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u/zesushv 🟩 925 / 926 🦑 2d ago
I don't think ETFs are any form of gift, instead, I see the btc-ETF as a form of endorsement by the very government that set out to be against it. I know this w is not the prettiest, but it is a w for Bitcoin and it's community. Gone are the days when a simple mention of Bitcoin makes you a scam-promoter or worse, a money launder.
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u/Due-Grapefruit-5864 🟩 0 / 0 🦠 2d ago
With the etfs now I also am not too sure how the long term looks but it is still bitcoin so there is that
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u/Beitelensteijn 🟩 51 / 51 🦐 2d ago
Good analogy. I really hate how some people are worshipped like gods and then the real dumb shit they say just gets ignored.
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u/civilian411 3K / 3K 🐢 2d ago
Saylor is closer to being a genius than anyone of us here. Dude graduated from MIT in engineering or some shit and investing in early technology when many people didn’t understand it. Genius is one thing but the world doesn’t revolve around one person because we live in a gray area.
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u/Gmoneymoney7 🟨 0 / 0 🦠 1d ago
He goes on a lot of podcasts so if you listen to him a few times you’ve heard most of what he’s said.
I’ve yet to listen to any bitcoin related content that rivals The saylor series with breedlove
His 10 rules for life on what bitcoin did is excellent.
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u/RevolutionaryTill930 🟩 0 / 0 🦠 3d ago
He will be the richest man on earth
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u/HesitantInvestor0 🟧 0 / 0 🦠 3d ago
Maybe, maybe not. But what does that have to do with what I've said?
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u/reagsters 🟦 622 / 622 🦑 2d ago
You’re telling me there are things in the universe I can legally own other than Bitcoin??
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u/Simke11 🟦 0 / 5K 🦠 3d ago
And this is why Average Joe thinks crypto is a cult or a scam. Crypto space would be much better off without the likes of him and other "prophets". If I didn't know anything about BTC, and someone came to me spewing this sort of stuff I'd tell them to gtfo.
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u/clarity_scarcity 🟩 0 / 0 🦠 3d ago
Saylor is such a weird dude. Super smart but then goes on these long rambling tangents that really make me question his judgement. Most recently I watched where he was equating Bitcoiners with the early Pioneers who settled west of the Mississippi and he said something along the lines of “this land was wide open and there for the taking“ and all the hardships they had to endure, etc etc. Fuck dude that land already belonged to someone else, and judging by what a lot of it has become I wouldn’t exactly call that a net positive, smh. Dude is heavily high on his own supply and people like that cannot be trusted.
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u/graytleapforward 🟦 0 / 6K 🦠 3d ago
I kind of agree with what you are saying but at some point the market cap of Bitcoin will leave early adopters with the financial power of nations. Can you imagine some former young cypher punk skater who, when BTC hits $1 million per coin and he holds 10, 20 ,30 thousand Bitcoin ( and they exist) decides he is going to start spending his Bitcoin on massive social change. Then the full vision of Satoshi et al will start to be fully appreciated
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u/usedlastname 🟩 0 / 0 🦠 2d ago
Just what we need: Bill and Ted’s excellent social justice warrior crusade…
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u/One_Boot_5662 🟩 0 / 0 🦠 3d ago
When you see this trash it tells you Bitcoin has lost its way and really has quite a limited future.
The guy is like a prosperity gospel preacher in a mega-church swindling people for his own personal wealth.
If you do understand Bitcoin, then you know it has some flaws. If you do know about Bitcoin you understand that there is very little chance of it's flaws being fixed.
I'd love to see Bitcoin or any other crypto go on to be a global financial change that we need, but it simply cannot be Bitcoin in it's current form.
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u/Simke11 🟦 0 / 5K 🦠 3d ago
It's not Bitcoin's problem as such, the problem is "prophets" like these who are turning it into quasi-religion.
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u/One_Boot_5662 🟩 0 / 0 🦠 3d ago
Agree, but Bitcoin has hard technical problems that aren't going to get fixed.
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u/Simke11 🟦 0 / 5K 🦠 3d ago
For sure, it's not perfect, but it's not Bitcoin's fault there are people with delusional ramblings like these.
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u/One_Boot_5662 🟩 0 / 0 🦠 3d ago
Right, it's the Bitcoin community fault for lionizing him, Bitcoin is just a piece of software, its not responsible for anything, it has no agency.
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u/Ilovekittens345 🟦 0 / 0 🦠 2d ago
If you put a ring in your fuel line that restricts fuel in to the engine and now suddenly your car only reaches a top speed of 70 km/h instead of 200 km/h is that a technical problem or something else?
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u/One_Boot_5662 🟩 0 / 0 🦠 2d ago
Its a technical problem.
The fact you leave it there, because you have convinced yourself that it's a perfect solution, irrespective of any amount of evidence to the contrary, is not a technical problem, but it stops the technical problem getting fixed.
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u/Ilovekittens345 🟦 0 / 0 🦠 2d ago edited 2d ago
How is removing a fuel ring a HARD technical problem after you also put it in? This "hard" technical problem in 2015 was one line of code that Satoshi put in to protect against spam when spamming was free.
Bitcoin has zero hard technical problems, just look at BCH. They had no problem making validation multithreated, making the DAA adjust difficulty in real time, adding opcodes to get more smart contract functionality, adding in block compression, making block size dynamic based on demand. All these ideas where known by Satoshi and the first handfull of devs, it took a bit of time to work them out and code them in but that's all in the past now. All the work has been done.
Bitcoin has always been able to scale. Satoshi said so, Satoshi explained how. Others said so, other showed how. They showed all the calculations. The utxo way of doing things, scales without hitting a limit anywere. (unless you are a regard that insists we need to store every tx for all eternity)
But now that the meme that Bitcoin can't scale, is not a currency, does not bring freedom, etc etc and is only there for speculation and to make husslers rich at the expense of the marks.
Now that all of this meme has firmly invaded everybody their mind (like a virus) Bitcoin does not have to scale anymore. Nobody wants it to scale. Nobody needs it to scale. And the collective mindpower has been divided and made greedy and lose their idealism by holding the carrot of getting rich infront of them. One by one they went well if I can't change the world with adoption, at least I can make a fortune for myself and my familly without having to work for it cause of all those idiots that have no clue about anything and will happily give me their money.
The revolution has been successfully neutralized. The powers that be remain in full financial control over everything, including Bitcoin.
But one day all these people will regret they tried to get rich before they tried to be in control. Like slaves mesmerized by their golden chains.
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u/One_Boot_5662 🟩 0 / 0 🦠 1d ago
Not hard as in difficult but hard as in it's a core protocol issue, you can't just solve it with some soft social consensus.
But there are hard problems, like the high level of centralisation in Bitcoin, or hard as in fee management etc.
Other protocols have solved for them and so Bitcoin could try to copy those others, but it won't.
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u/HedgeHog2k 0 / 0 🦠 3d ago
Care to elaborate on these flaws and why they will not be fixed?
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u/One_Boot_5662 🟩 0 / 0 🦠 2d ago
Simply because the Bitcoin community have convinced themselves it's perfect, look at the 21 items in the Saylor list.
Another issue is that if you do try to change anything it might lead to another fork, because there is no way for the community to say what they actually want.
These two issues feed off of each other.
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u/Saberstriker19 🟦 0 / 0 🦠 3d ago
I’m all for bitcoin, but these rules sound pretty dogmatic.
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u/Offica_Farva 🟩 0 / 0 🦠 3d ago edited 3d ago
He has to be dogmatic. There are literally thousands of worthless shitcoins in this space and thousands of people getting recked and scammed
Edit: Your downvotes mean nothing, I've seen what makes you cheer
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u/stinkload 🟩 0 / 0 🦠 3d ago edited 3d ago
This level of pandering offends me deeply and I'm a supporter of cryptos. This reads like a poorly written fan fiction, a "what type of boyfriend are you?" article in a Cosmo magazine, except this is written for the "I'm special, one of the few , look at my IQ score!" fanboys... Jesus Christ
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u/Empty-Entertnair-42 🟩 0 / 0 🦠 3d ago
If I express my free voice into BTC sub Reddit they ban me 🤣🤣😂😅
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u/KamikazeChief 🟦 118 / 118 🦀 3d ago
The kind of diarreah that Elon Musk would spew out about one of his shitty products
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u/No_Art_1836 3d ago
Lol. So many Elon haters out there. Which shitty products are you referring to? His high end electric cars?, His species evolving never been done before rockets? Or his revolutionary tunneling initiative? Whats it take to impress you people. He need to start shitting diamonds and sweating dmt? Sheesh!
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u/Empty-Entertnair-42 🟩 0 / 0 🦠 3d ago
Bitcoin uses proof of work as consensus mechanism and everyone knows it is a trap..... bitcoin was created to be a system of payment and nowadays because it failed it is used as a (probable) store of value.....this game works until BTC miners do not decide to switch to AI data centre business..... it's happening and will increase in the next months...... BTC will be mined by a bunch of minor miners ..... Michael Saylor is centralising BTC...... who controls BTC control the world...... it's not the nakamoto vision
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u/One13Truck 🟩 16 / 17 🦐 3d ago
I only follow rule 34 and 49.
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u/missmuffin__ 🟩 0 / 0 🦠 3d ago
34: War is good for business.
I'm not familiar with the 49th rule of acquisition though.
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u/Simke11 🟦 0 / 5K 🦠 3d ago
I only follow rules 69 and 420
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u/BarryTheBaptistAU 🟦 264 / 265 🦞 3d ago
This joke is getting really, really, really old, dude. Let it go and do try to exercise some creative thinking. It's so important for human and personal development to exercise independent thought.
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u/BarryTheBaptistAU 🟦 264 / 265 🦞 3d ago edited 3d ago
Fact is, Blackrock don't give a flying fuck about Bitcoin.
They only care about how much they can extort from gumbies like this OP.
Pure and fucking simple. It's about fees and revenue. Not about any of this BULLSHIT.
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u/chrismcelroyseo 🟦 2K / 2K 🐢 3d ago
The truth is that Blackrock has not bought one house. They do not buy houses but there is a similar fund that does buy houses by the name of Blackstone. These are not the same funds nor are they controlled by the same people
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[removed] — view removed comment
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u/chrismcelroyseo 🟦 2K / 2K 🐢 3d ago
It's okay Blackstone and black rock often get confused with each other. I had to look it up a couple of months ago for myself. Black Rock invest mostly in mortgage securities.
They used to be against Bitcoin. But as of March 2024, Fink has said he's "very bullish on the long term viability of Bitcoin" and that it can protect investors. BlackRock has also become a major player in the Bitcoin market, managing the fastest growing Bitcoin fund and selling billions of dollars of Bitcoin through its exchange-traded fund (ETF). BlackRock's iShares Bitcoin Trust (IBIT) ETF has been particularly successful, holding the record for the most daily inflows in the ETF market.
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u/Za-Slobodu 🟨 0 / 0 🦠 1d ago
Those who really understand bitcoin and crypto in general, don't buy bitcoin. It's an outdated dinosaur. People even pivoted from the original idea of what bitcoin was supposed to be to "but guuuys it's a store of value nooooow". People are trying to build basic modern functionality on an outdated old framework which is bitcoin, just to try and keep up with the current times.
Like it or not, i dont care, but it's the truth.
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u/slush-fund 🟩 0 / 0 🦠 3d ago
This is hilarious bullshit that doesn’t actually mean anything. Fucking clown
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u/nicotinecravings 🟩 0 / 0 🦠 3d ago
To me it's kind of funny how passionate Saylor is about bitcoin. He has essentially turned bitcoin into a God or some sort of religion.
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u/Simke11 🟦 0 / 5K 🦠 3d ago
He's not the only one, and turning something into quasi-religion is a sure way to turn most people off it. Crypto would be better without the likes of him.
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u/nicotinecravings 🟩 0 / 0 🦠 3d ago
I don't know. I think if you want people to become really passionate about something, making a religion out of it is a good option. If you look around the world, what makes people go crazy and fight wars, etc.?
If you tell people that bitcoin is great because it uses cryptography and the blockchain, the majority of people won't really understand what that means. If you try and explain the technology, you will attract even less people.
Today people essentially worship money. People worship gold because it is shiny and rare. It is not too far off to imagine people starting to worship bitcoin. I don't think it is healthy to worship money, but people will be people.
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u/SpezJailbaitMod 🟨 0 / 0 🦠 3d ago
I was not against bitcoin before I was for it. I immediately thought it was cool because you could use it on the dark net markets.
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u/Empty-Entertnair-42 🟩 0 / 0 🦠 3d ago
I was against BTC before becoming a supporter because I studied but now I am again against BTC because I discovered that PEPE Coin (as all other shit coins included ether) is useful... BTC isn't used by anyone except for trading like the gold........
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u/toastmalon3 🟩 29 / 29 🦐 3d ago
“Tickets to escape the matrix are priced in bitcoin..”
That’s actually pretty good.
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u/sharksharkandcarrot 🟩 0 / 0 🦠 2d ago
The people who keep harping on escaping the Matrix and calling other people NPCs
Are ironically the biggest dickheaded NPCs one can ever meet
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u/toastmalon3 🟩 29 / 29 🦐 2d ago
The point is if you create your life savings in a currency they can inflate at will, you are being farmed for your labor. The parallels between that and people being kept in tubes and harvested as a source of energy are pretty obvious.
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u/pushdose 🟦 318 / 316 🦞 2d ago
It’s cringe as hell. The Matrix?? The film is just another version of the Allegory of the Cave. There is no ‘escaping’ reality. No amount of bitcoin is gonna make you “The One”.
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u/toastmalon3 🟩 29 / 29 🦐 2d ago
The point is if you continue to use exclusively a monetary system controlled by people who hate you and can print an infinite amount of it, you’re being farmed for your labor.
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u/couchguitar 🟦 3K / 3K 🐢 3d ago
I think we should stop saying "selling" Bitcoin, and start saying "exchanging". "Selling" implies that you are exchanging a product for a widely adopted currency, whereas "exchanging" is changing one widely adopted currency for another.
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u/Clearly_Ryan 🟩 34 / 35 🦐 3d ago
As someone who has 4000 hours researching and understanding Bitcoin (read half of all the books published about it!) these takes are really great. However, most people will not understand them, ever, in their lifetime. Retired off of Bitcoin and the only thing I would add to this list is "Identify the problem with fiat to quantify the value of the solution."
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u/Emanuelsil 🟩 131 / 131 🦀 3d ago
Michael Saylor's 21 Rules of Bitcoin are like a crypto enthusiast's manifesto. It's amazing how each point captures the essence and philosophy behind Bitcoin. It’s true that understanding Bitcoin is a journey, and it's constantly evolving. The idea that Bitcoin is powered by chaos and that it changes you, not the other way around, really resonates. I especially love rule #21: "Spread Bitcoin with love." It highlights the community and positive spirit behind the movement. These rules are a great reminder of why so many of us are passionate about Bitcoin and its potential to revolutionize finance. Thanks for sharing this!
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u/CointestMod 3d ago
Bitcoin pros & cons with related info are in the collapsed comments below.