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Author Topic: 21 Rules of Bitcoin - Michael Saylor  (Read 253 times)
mindrust
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July 02, 2024, 07:34:31 PM
Merited by MeGold666 (1)
 #21

Why do I feel like this guy has been trolling everybody? For some reason I can't take any of what he says seriously. When I read OP's post, I only see a man that's trying to turn bitcoin into a cult/religion. I don't know about you but I don't think bitcoin is a religion or a cult. Bitcoin is useful in real world and as long as it stays that way bitcoin has a future. If bitcoin fails to function or something better comes around (which is unlikely but still possible), bitcoin may become myspace v2.0.

So I think his post isn't in the favor of bitcoin at all. He is making us look like lunatics imo.

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July 02, 2024, 08:55:48 PM
 #22

I cant get why people quote others when it comes to discussing anything about Bitcoin is this because they have greater accumulation, or is it because they dont have their own strong position for Bitcoin.

Ok well, there 3 rules of - Hamza for Bitcoin.

1- Buy and Hodl.
2- Not your keys, not your funds.
3- Be conscious about what you do with the security of the funds.

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July 02, 2024, 09:04:45 PM
 #23

All these things you have written doesn't sound like rules, most of them are just an ordinary statement. The numbers 9, 20, and 21 are the ones that really sounds like a rule. But I don't know about the part of not selling your Bitcoin though, it still goes down to individuals and the reason behind their investment; if you're the type that considers it an asset you want to hold for permanently, then good, but i know there are others who just wants to trade and make it a source for daily income.
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July 03, 2024, 02:27:45 PM
 #24

Will Saylor soon publish a BTC Bible in which the first sentence will be "And God created Bitcoin and appointed Saylor as its manager"? Grin

Honestly, I really don't like it when someone makes such (mostly) pointless philosophical statements when it comes to Bitcoin. This is about cryptocurrency, not some kind of sect whose trademark is laser eyes and keeping something until judgment day.

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July 03, 2024, 02:49:18 PM
 #25

1- Buy and Hodl.
Buy and HODL has its powerful effect on your investment and portfolio ROI.
HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
https://hodl.camp/

Quote
2- Not your keys, not your funds.
It's very basic but vital warning and newbies must know about it, practice to store their Bitcoin fund with this warning always in their minds.

Bitcoin Q&A: Not your Keys, Not your Coins
Reminder: do not keep your money in online accounts

Quote
3- Be conscious about what you do with the security of the funds.
https://chainsec.io/checklist/
A Crypto Security Checklist for Every User

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July 05, 2024, 12:13:51 PM
 #26

I'll respond to some rules suggested by Saylor as outlined by the op.
1. While criticism is often done due to ignorance, it is possible to understand Bitcoin and still criticize it legitimately for its weaknesses, such as the scalability issue.
2. No, of course, sometimes people start from a neutral or even positively curious position; not everyone starts from being against Bitcoin.
5. Not a casino, not a game, but if BTC long-term upward trend continues, it's true enough.
7. Overgeneralization. There are plenty of physical things you can truly own.
8. I don't think there's a notion of deserving a certain price of Bitcoin. It's more about circumstances, awareness, opportunities, and beliefs.
9. No matter how safe Bitcoin seems, people shouldn't spend money they can't afford to lose on it.
20. It's okay to sell as needed, directly spend Bitcoin, or trade Bitcoin. It's not just about hodling indefinitely.

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July 05, 2024, 01:21:57 PM
 #27

2. Everyone is against Bitcoin before they are for it.
Bitcoin Vs the world and the government. If you don't know about bitcoin you will directly or indirectly be against it.

3. You will never be done learning about Bitcoin.
Just like life, it's dynamic and mysterious, so also is bitcoin.

5. Bitcoin is the only game in the casino that we can all win.
Only if you don't sell at lose.

14. Be for Bitcoin, not against Fiat.
As Satoshi said, bitcoin is fiat alternative and not in a battle with fiat.

17. You don't change Bitcoin, it changes you.
Also just like the forum, many came to change the forum, but in the end we all got changed by the forum.

20. You do not sell your Bitcoin.

You gift to others at discounted rate.

R


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