Bitcoin is a 13-year-old Tech but SEC Does Not Decide What is Ethical

Michael Saylor Expressed:  Bitcoin mining is the only proven method for creating a digital asset that is property rather than a security. This makes it the ethical foundation of the crypto economy.

Given the uncertainties that investors currently face, it feels less risky to be holding bitcoin than any mix of currencies, credit, equity, commodities, or property.

Community Response:  When did bitcoin ever be a hedge against anything?

The reality is that there are real bear times in all markets.  As long as Bitcoin does not drop with the market maybe it was reliable; however, these days it falls with the stock market.

Now do the past few years. Past 5 years? 10? During the past few years of intense money printing gold should have had its best few years ever. Instead, it’s been a bad investment. Bitcoin has had an incredible past few years.

So, what’s the plan? 7 Billion people eventually share 2 million coin, and you own the other 19 million, but we all entrust you make it rain prosperity as Earth Lord?

Mining is a tremendous waste of energy. Every dollar “invested” into this Ponzi gets converted into heat by these miners.  When it collapses, there will be nothing left but worthless video game hardware.

When will you realize that Bitcoin is a 13-year-old tech? A tech that has its security/mining banned in country after country. The electricity needed will only go up, that is very bearish for Bitcoin. Bitcoin is the new GOLD in the sense, it does not hold value very well.

You clearly still don’t yet understand Bitcoin.  It was intended a digital currency.  To the extent that is a “Property” is a matter of conjecture only.  Few = you.

Most BTC miners have written in the contract the requirement to literally shut off mining rigs when asked to do so by the electricity company when the demand spikes happen.  A true free market.

Bitcoiners are getting desperate. Like a broken record player.  POW is essential, miners are needed. Hash rates are getting cheaper. Bitcoin security is getting weaker.

Bitcoin is a decentralized, open system that allows you to transact with anyone, at any time, without asking permission of anyone else.  Bitcoin gives you freedom of choice.

Bitcoin has given life to millions already and will give life to billions in the future. A Norman Borlaug in digital form. A Bitcogronomist has been created.

Property vs security is a point for businesses, not individuals. There are better investments for individuals even in crypto.

The SEC doesn’t decide what is ethical.