The 100,000 BTC Challenge – Part II
Anti-IMF for Worldwide BTC Adoption by 2035
Part II – The Solution: Stop Treating BTC Like It’s Fiat 2.0! The Future is Decentralised.
We all know that the whales will do what they have always done. Words are futile and the wealthy will continue using their vast resources to accumulate more, cornering the market to the last Sat. However, expecting the rest of us to cheer, thank and/or applaud them for enriching themselves and making sure that there is nothing left for people getting into the market 5 years from now… just adds insult to injury. You wish to be remembered as a great captain of industry? Then do something WORTHY of that great memory. Hoarding wealth is neither noble nor praiseworthy. Do what you want, but don’t expect humanity to fan the flames or its own demise.
Understand that the issue lies in not how much you own but what you do with it. That is what earns you respect. That is what earns you power. Not potential power, but kinetic. Not words—actions! Make your actions your legacy.
What is Microstrategy’s overarching plan? Suck up all of the Bitcoin supply and then lend it out for MORE profit, right? How is that different from becoming what the banksters are today, i.e., leeches on the neck of humanity, sapping the life-force of the world, as renowned journalist, Teeka Tiwari eloquently put it? This is GigaChad’s grand plan? Build the world’s ULTIMATE Greed Inc.?
As I said, this is like someone cornering the oxygen supply on planet Earth, just because they can build a machine big enough and then charging the rest of humanity to breathe. No one should applaud this cynical perversion of Satoshi’s vision.
Some say that Bitcoin fixes everything, as everyone in the world has an equal shot at this golden moment in human history, the pre-distribution of ‘gold 2.0’, the wealth of tomorrow. The part about equality, of course, is absolute nonsense. An illusion. 'Chads' please… don't add insult to injury! That’s like saying that two people of equal skill and potential have exactly the same chances of getting drafted by the NBA, even though one of them comes from a wealthy family and attends Stanford, Princeton or UCLA, while the other one is a poor fisherman’s son in Somalia.
While a farmer in Afghanistan, Sierra Leone or even India, technically, does have the same ‘opportunity’, they have not the tools to even see it, let alone take advantage of it. Even if we toss the education and sheer learning curve of crypto aside, they have not even a modicum of the vast financial instruments, readily available in the bristling arsenal of Michael Saylor and co. If #GigaChad continues ‘accumulating’, ‘buying the dip’ and executing any other pick-your-euphemism to apply to blatantly hoovering up the supply and cornering the market, there will soon be nothing left for the rest of humanity. The tragedy is that they don't even know that their future is being stolen. By the time the majority of humanity awakens to the amazing potential of the blockchain and wishes to adopt it, there will be nothing left to adopt. They'll cry: "Fiat is dead! Long live the new fiat!" If someone else owns you money supply, then debt is debt, whichever way you slice it. Who cares what it's called and whether the people in charge can or can't print more? Who CARES when you can't get ANY?!
There are over 22 million millionaires in the USA alone. Imagine, if every millionaire on Earth wished to own just a single BTC...
“Altogether, about 56.1 million people around the world are millionaires, according to the report. That's a significant rise from a year before when about 50.8 million had achieved that status.”
So riddle me this: if Bitcoin fixes everything, does it fix the cancer of greed that dwells in people’s hearts? This is not that story about 100 dogs in a room with 99 bones. No, this will be so much worse.
In all my research, I have found but one thought leader with the integrity and fortitude of will to note that whenever MSTR trawls the market for BTC, they deprive millions of people from ever owning Bitcoin. A huge applause for James from Invest Answers for this brilliant analysis, as well as bold display of courage and moral fibre! These things have to be said, lest we sleepwalk into eternal slavery.
The art of MOAR!!
Should Mr Saylor put some BTC on his books? But of course! Every responsible CEO should… And that is the POINT. Put some BTC on your books, by all means… just NOT all of it!
Ironically, it is the #GigaChadClub that will suffer the most from this fanatical capitalism. If the entire 14 odd million BTC in supply is held by some 100 or so wallets, then Bitcoin fixes precisely NOTHING. This will be the consensus of the people. The world will simply move on to an alternative, read: saner, store of value, define a different standard and you boys can hold on to your bags of nothing forever. Dear #GigaChad and co, by trying to corner the market, you are blowing off your own feet, i.e., fostering the exact opposite of mass-adoption. You are acting as agents of ‘The Flippening’. Don’t let greed eat into Bitcoin’s prospects for world acceptance and prosperity. We expect such obscene avarice from the likes of Jamie Diamon and his ilk of legacy intestinal parasites, but this old-world greed has no place on the blockchain.
As a side note, did you know that it takes just 30-50 billion dollars to decimate world hunger? You might want to look into that, if a better world is truly your goal. Maybe it’s time to stop talking about changing the world and subscribe to Nike’s slogan? Don’t let Elon have all the fun.
Become the solution, rather than prime examples of the human vices. You truly want to see mass-adoption of Bitcoin? You truly want to make Bitcoin the world’s store of value? You truly want the dominoes to cascade? Then tip the scales. Simply make it so by creating an incentive.
STOP just buying and hoarding Bitcoin and start USING Bitcoin!
“The ultimate act of charity, is to die with your private keys.”
—Michael Saylor, Invest Answers interview October 22, 2021
Respectfully Ser... I disagree. You know as well as I do that Satoshi’s vision was NOT to create a better store of value for institutions, but to free humanity from the tyranny wrought onto the world by maniacal hoarders of wealth.
That’s like saying the greatest way to conserve Earth’s resources and curb pollution, is to cull the population. That’s how an AI would think. Too extreme? Alright. How about you lead by example and literally burn your excess fiat to put the brakes on monetary inflation? I doubt you can keep up with Jerome, but I have no doubt that you could slow him down… Charity begins at home, the saying goes.
Does humanity wish to have the lifeline of our economies, our financial air supply in the hands of a handful of people who think along such ruthless lines?
@MaxKeiser… Perhaps the time has come for Karmabanque 2.0?
Death as a public service, anyone?
Calling all Bitcoin whales, you are whaling wrong! Here is a challenge worthy of your bloated wallets: create an anti-IMF. Pool together a fund of just 100,000 BTC and donate… NOT LOAN, i.e., no strings attached, 250 BTC/country, to the next 40 countries with populations north of 2 million inhabitants, to adopt BTC as their national currency. All the nation has to do is pass the required laws, purchase 1,000 BTC and follow El Salvador’s model, as well as airdrop (fairly distribute) at least 50% of the 250 BTC you donate to the general population—beginning with non-governmental workers.
Cursed are the whale HODLERS, for their greed will cost Bitcoin the world.
At the time of writing, the intrepid nation of El Salvador owns around 1,500 BTC. That’s a nation of nearly 7,000,000 people. For perspective, Microstrategy holds 122,478 BTC as of Dec. 08 2021.
Given that back in the day, the greatest Bitcoin maximalist to ever walk the face of this Earth, Max Keiser a.k.a. Scarceface gifted a friend 10,000 BTC, (which, the said chap, subsequently, proceeded to lose on a sinking vessel) (news.bitcoin.com/alex-jones-lost-laptop-10000-bitcoins)… A fund of 100,000 BTC should not even put a dent in the collective hoard of the top 100 BTC wallets. I am positive that no BTC has EVER been spent on a worthier cause than the 100,000 BTC proposed here. It’s quite easy to forecast Michael Saylor’s answer, but what about the rest of you? You want mass adoption to happen within the coming 10 years? It’s yours, take it.
“I don’t think you should ever give up any Bitcoin.”
— Michael Saylor, Invest Answers interview October 22, 2021
Enough blustering interviews and ‘visionary’ tweets, while hoarding ridiculous piles of wealth. IF Bitcoin truly has fixed YOU, then put your mouths where your Bitcoin is, chaps and truly fix the world. You have the power, but not the excuses. Checkmate!
“Seriously Chads, enough talk—Just Do It!”
I am glad that this story just came out, it seems that some important people are finally awakening to the fact that hoarding wealth is NOT the way to create the impetus for mass adoption of blockchain tech.
Getting warmer, but #ThinkBIGGERthanBanks.
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