I follow shark tank a lot and enjoy the creativity the show portrays. It got me thinking of a hypothetical situation which led to this thread.
Imagine the year is 2010, you are a
Shark Whale tank contestant using the pseudonym 'We are all satoshi'. At the time relatively no one has heard about Bitcoin and do not understand how it works.
You are trying to convince some whales and institutional investors that putting their money into bitcoin is a wise financial decision and would bring more returns on their investment than all other ventures out there in value and utility.
I think they would have 2 major questions:
1.
The Technology.
2.
Their stake.
On the technology, one would talk about how efficient and effective the bitcoin network is and how it seamlessly allows financial transactions between one party and another. A demonstration there to create a wallet easily for one of the judges and send them some sats (showing it is divisible) would show how easy it is to use. You can also talk about the bitcoin whitepaper.
Keeping it short and ending with the famous phrase would give lots of dramatic effect
:
“...If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
On their stake in it, being a decentralized technology, they do not get any whale privilege, you only own as much of bitcoin as you possess. No one can give you a contract or some paper work for it, not even satoshi.
If you buy 10,000
BTC you own 0.05% of the total supply,
If you run a node or build a rig, you own a bit of consensus privilege or a bit of the total hashrate.
Do you think any of them would have been convinced to invest back then?
What reply would you give to their expected questions,
- why do we need an alternative to banks, or
- how can money work without regulation
Maybe we can pick up one or two phrases to pitch Bitcoin to others, not particularly whales.
- Jay -