Michael Saylor expressed: No force on earth can stop an idea whose time has come. Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.
And Saylor is all enthusiastic about Bitcoin with inspiring thoughts like: In the game of life, you need to solve the puzzle in the foreground to claim the prize on the horizon. “Labor to keep alive in your breast that little spark of celestial fire called Bitcoin.
If history could teach us anything, it would be that private property is inextricably linked with civilization. Bitcoin is a swarm of cyber hornets growing faster. It does not matter how slowly you go as long as you do not stop.
Followers are like: Bitcoin (BTC) is the first super asset, it’s like physical gold, and real estate combined. BTC runs on a censorship resistant system with no carrying costs, 30 minute liquidity, pure title and is transact-able to anyone with a computer or smart phone. BTC is pristine collateral.
Bitcoin is so contagious. See you getting all excited like it’s your first time getting a girlfriend.
Twitter Handle Pulled up an argument armed by Pompliano and Michael Saylor Thoughts:
Argument 1: Bitcoin is used by lots of criminals. This is true. Criminals also use USD and many other currencies.
The currency of choice for money launderers, terrorists, drug dealers, and criminals around the world is still physical cash which is untraceable to a large extent.
In Pompliano’s article he references a report that suggests more that $2 trillion was laundered through the legacy banking system in 2020. This is more than double the market cap of Bitcoin and just one year.
Argument 2: Bitcoin needs to be regulated. It is regulated. Every transaction is taxed by many countries. It’s subject to regulation by the CFTC and SEC labels it as an “investment contract” in many circumstances. Linking to reference at the bottom of this Tweet.
Bitcoin is not thriving because of lack of regulation, nor is it thriving because of illegal activity. Bitcoin is more regulated than other currencies and has less illicit usage too.
Currently, sustainable energy sources like hydro and wind are not only the cleanest but the most cost effective for mining operations to take advantage of.
All of this energy produces lots of heat and miners are finding ways to use it such as heating homes and greenhouses. Miners are even finding ways to use wasted natural gas venting.
Miners are obsessed with finding efficient ways to use energy and it’s driving innovation that may end up helping our environment. In fact a recent estimate suggests 76% of miners use renewable energy.
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