GENERATIONAL WEALTH: Why BITCOIN is CONSERVATIVE | MICHAEL SAYLOR at CPAC

"Bitcoin is a way for you to convert your capital into digital capital that will last 1,000 years. Your company, your country, or your family will be wealthy for generations to follow."

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Bitcoin literally represents the conservation of energy in cyberspace. Satoshi implemented a protocol which is inherently conservative. If I send Bitcoin to you, I lose it. You have it. I can't create more. I can't lie about it. The thing that's beautiful about nature is conservation of energy. Conservative is based on natural law. It's based on the idea that if you just make something up which isn't true, you'll be punished. And the Bitcoin network represents that innate integrity and truth. So if you think about the world today, there's just an inherent force. There's a struggle between capitalism and socialism, between people that believe in freedom and free markets and those that believe in central planning and collectivism. And if I'm a socialist, I want to take away your guns and your money. And Bitcoin is money that they can't take away. What freedom do you have if you have all of your money in a bank that can freeze it? What freedom do you have if you have your money embedded in a currency where someone can print 4x more of it without your approval and debase it to zero? What freedom do you have if you own real estate in a city where the mayor can put rent control on it or expropriate it or the governor can tax it away from your family? What freedom do you have if all your wealth is in a business where the government can tell you you can't operate, shut down your pipeline, tax your employees, tax your income, regulate your products? And the answer is you only have conditional freedom until the government changes and they just take away that freedom. And then when they take away your wealth, when they take away your economic power, they're going to starve you to death. And then you've got nothing. So Bitcoin represents putting your economic wealth in cyberspace. It's beyond the reach of the mayor, beyond the reach of the governor, beyond the reach of any nation state, beyond the reach of any other company that would do you harm. It is the first time in the history of the human race that you can bind economic energy tightly to an individual, to a family, to your company. And you don't have to ask permission to have economic wealth, to have money. And you don't have to live in fear that someone gets up on a morning and just takes it all away from you to power you down. And so if I am conservative, I want a family. I want a company. I want freedom. Well, how are you going to pay for it? And if you live in a country like Venezuela and the currency goes to zero, you're going to be begging for food next week. Wouldn't it be great if I could? Take the wealth of my family and put it into a network that no one can loot, no one can corrupt. And at the end of the day, I don't want to gamble my future. I don't want to take my life savings and gamble in the stock market. I don't want to take my life savings and gamble that the mayor of the city won't just take my property away from me. I actually just want to own the wealth. I want to own my money. And Bitcoin is a way for you to convert your capital into digital capital that will last 1,000 years. Your country will be your company, your country or your family will be wealthy for generations to follow. You don't have to live in fear. And when you don't have to live in fear, when you have economic independence, you can actually stretch your time horizon out and you can build an institution, you can build your family, you can build a life for yourself.

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