Michael Saylor Lecture: 21 Rules of Bitcoin

Introduction

• Founder and executive chairman of the first publicly traded company fully on the Bitcoin standard
• Highlights Michael Saylor's dedication to Bitcoin

Framing the Conversation

• Bitcoin as Singularity: Science colliding with economics
• Comparison to historical paradigms: Astronomy, medicine
• Paradigm Shift: Changes in political, financial systems
• Perfect Money: Comparison to defective money (seashells, tobacco, etc.)

21 Rules of Bitcoin

Rule 1: Buy vs. Criticize

• Those who understand Bitcoin buy; those who don’t criticize
• Epiphany moment leads to buying

Rule 2: Initial Resistance

• Everyone is against Bitcoin before they are for it
• Resistance is natural and expected

Rule 3: Perpetual Learning

• Understanding Bitcoin means realizing you’ll never fully understand it
• Bitcoin is a virus spreading through economics, ideology, and technology

Rule 4: Powered by Chaos

• Comparing investment mechanisms: Bank, stock, building, art vs. Bitcoin
• Chaos Advantage: Entropy benefits Bitcoin holders
• Historical Example: Value of a Swiss bank in WWII

Rule 5: Bitcoin as a Game

• Casino analogy: All games are rigged; Bitcoin is the only game everyone can win
• Investment Strategy: Defend against entropy

Rule 6: Full Commitment

• Suit up fully in Bitcoin, not partial investment
• Metaphor: Fire and armor

Rule 7: True Ownership

• Bitcoin is the only asset truly owned without dependency on external entities

Rule 8: Price and Deserve

• Every investor gets Bitcoin at the price they deserve depending on their journey to understanding
• Personal Example: Saylor’s initial misjudgment and later investment

Rule 9: Invest Safely

• Paradigm shift: Only invest what you