Michael Saylor stated, Bitcoin is rules without rulers.  Previously, he stated, “The first rule of Bitcoin is: You do not sell your bitcoin. The second rule of Bitcoin is: You do not sell your bitcoin.” – Tyler Durden on Bitcoin.

Community Response:  At the end gold holds the true value of the system. You are a smart guy and know that central banks are never going to accept Bitcoin it’s not how the infrastructure works. We’ve been using gold since start of the human civilization.

People have been using horses since the dawn of civilization. Once cars came around horses as a means of transport is almost gone.

There is a ruler, to measure the size of the green candles.

If that’s the Case, then Bitcoin is the ruler according to those rules. Which is why it’s not 100% decentralized, simply because it is influenced and manipulated. The least thing about other projects like ETH is that I can sell or hold it at any time with no rules.

With fiat as money, central banks, governments & politicians can steal your time without your consent. With Bitcoin as money, no central bank, government or politician can steal your time without your consent. Fiat – Rulers without rules. Bitcoin – Rules without rulers.

Fiat always inculcates a catch-me-if-you-can attitude in people. The reason being your money is constantly being stolen from you in terms of QE and inflation.

Bitcoin inculcates a build-earn-and-save attitude in people. You tend to save and help people through charity etc.

The 3. Rule is: If you want to buy something with Bitcoin you pay too much.

But bitcoin rewards the early adopters creating rulers? Right?

Why to sell Bitcoin? There is nothing on earth will grow faster.

1st rule is don’t sale. 2nd rule is always remember 1st rule. It just keeps adding value.

Negative Response:  Bitcoin is private currency and ruled by some businessman, which is more dangerous than current system. It’s a scam not technology.

The realization of the American ideal of “a government of laws, not men.”

Talk about how bitcoin is a threat to banks and how it is a threat to the current monetary system.

I have been thinking about how the collapse of the dollar may affect the way in which we price Bitcoin. Say for example the dollar collapsed like what happened on Venezuela. How would you then price the amount of which Bitcoin is valued at without having a currency? 1 Bitcoin would = one pizza, just as a for instance.