Bitcoin Talk 014: Bitcoin Serves No Special Interest but That of the Working Class and the Broadest Masses

Buying and holding Bitcoin is the most beautiful thing in this world. If the price falls, you can buy more cheap Bitcoin; if the price rises, you can go on profiting from the corruption of the central banks, and win while lying down.

El Salvador, a small Central American country of only 6.5 million people, became the first country in the world to make Bitcoin legal tender last September. Now this earliest sovereign state to embrace Bitcoin is bringing endless hope to the people of a land long suffering under financial hegemony. The best outcome may be to help the country overtake on the bend — leaping from a rogue “Third World” statelet to a top-tier power.

To not buy Bitcoin is to lose the joy of living; to live without Bitcoin in hand is to walk like a corpse at midnight.

Do not grieve over a fall that has already finished falling. Look forward. Over the New Year at home, assign yourself a task: explain Bitcoin to your family and friends, spread the thought of Satoshi. Let more people join this decentralised social experiment.

Don’t call them leeks. Call them — the awakened.

Don’t call it catching a falling knife. Call it — saving.

To buy Bitcoin is to store the fruits of your own blood-and-sweat labour in the impregnable kingdom of Bitcoin. Yes, buying Bitcoin is saving — the plainest and most unadorned of acts, and the most commendable.

In ancient times they said: a woman without talent is virtuous. Today we say: a man with bitcoin is virtuous. Born a man, yet holding no bitcoin — such a man is without virtue.

Bitcoin is not a company, nor an organisation. Bitcoin is a standard, a protocol. Bitcoin belongs to no one, yet anyone can own bitcoin.

As far as Bitcoin is concerned, the longs will ultimately defeat the shorts. This is determined by the chip structure of the two sides. The longs’ bullets are fiat, supplied without limit; the shorts’ bullets are bitcoin, supplied under strict limit. Bitcoin is finite and fiat is infinite; finite against infinite — this war is an asymmetric war.

Few can see through the underlying logic of longs and shorts: the shorts’ counterparty is the exchange; the longs’ counterparty is the central bank’s printing press.

The underlying logic of decentralisation is the countryside surrounding the cities. Bitcoin serves no special interest but that of the working class and the broadest masses of the people. —Mao Zedong