Michael Saylor: #Bitcoin is naturally engineered to be organically healthy in the same way that a creature in nature can’t help but be healthy! You can’t regulate your body temperature at 37 degrees Fahrenheit for long before you simply just die. It doesn’t matter how much you wish you could — you just can’t! And that is the brutal discipline of Nature. And the result is: you have this feedback, and then you have a constant Darwinian evolution to the virtuous — and that’s how life continues. So I think the recipe for virtue in a monetary system is: you have to plug it into Nature. Gold was plugged into Nature in a roundabout way — not perfect, because you could sort of sack a city and inflate the supply of gold, or you could find more gold and you can lie about the quality of the gold and you could centralize the gold and seize it — so, not perfect, but there was some thermodynamic relationship to Nature and matter and energy. And I think #Bitcoin achieves that thermodynamic relationship via proof of work mining. And that’s what makes it healthy: the fact that it’s an open protocol that’s decentralized makes it uncorruptible — much much much harder to corrupt than something that does naturally centralize.
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