Ricardo Salinas’ BTC Masterclass, Part 2: Sound Money System + Keiser and Herbert | Bitcoinist.com
As Mexican very rich person Ricardo Salinas keeps on making sense of bitcoin from the personal luxury plane viewpoint, Bitcoinist’s friend part of the meeting proceeds the work we began here. Or then again, it could even have been here. This time, Salinas and columnists and podcasters Max Keiser and Stacy Herbert go significantly further into the bitcoin deep, dark hole. From here, there’s no turning back.
In this subsequent part, Herbert gives Salinas full credit as the individual liable for bringing bitcoin into Mexico. They additionally discuss the likelihood that tycoons could be keen on the advancement of humankind. About Florence and the Medicis. About the excellence of bookkeeping, that, in addition to other things, “enables the citizens to hold the king accountable.” They additionally examine the worth of private and public organizations and notice that economies hit by the ongoing framework are the ones that take on bitcoin first.
That, in addition to significantly more bitcoin. Actually look at it out:
Ricardo Salinas On The Importance Of a Sound Money System
For the unrestricted economy to do its thing, the world must be at peace.”War is totally something contrary to exchange,” Salinas said. “The huge wars were based on the fiat fraud,” Salinas blamed. “The monetary system is like the foundation of this civilization that you bring, that you construct on top of. If the foundation is wrong, the construction is going to fall off (…) That is why a sound money system is so important,” Salinas made sense of. (However, *)how do we get to reality? Appropriate bookkeeping procedures.
he said, for then to denounce, “I’m saying accounting is very important to be able to keep you honest and to get to the truth,”Then, Stacy Herbert eases up the mind-set. “the current day governments in Mexico and the U.S, they don’t use accounting. They have this in an out flow (…) It’s disgusting.”
After hearing that Hugo, Ricardo Salina’s child, contrasts their excursion to El Salvador and going to Galt’s Gulch in Ayn Rand’s “Bitcoin is f*ck you money. I mean, the President of El Salvador has said that just recently in a tweet (…) And that is the new modern way of freedom for everybody on the individual level.” says Stacy Herbert giving Max Keiser full credit for the exemplary expression. How did bitcoin adjust Salinas’ point of view? “Atlas Shrugged.”
“You don’t change bitcoin; bitcoin changes you,” And, shouldn’t something be said about his child? “It’s given me a lot more confidence in my ability to survive.” Hugo says.“I think Bitcoin is like the greatest innovation that we’ve seen so far and it fixes this corrupt system,”
BTC cost graph for 05/06/2022 on Eightcap | Source: BTC/USD on
The Michael Saylor EffectTradingView.com
Salinas depicts MicroStrategy’s bitcoin strategy and Michael Saylor’s brave bet as:
The writers question the very rich person about jealousy and Salinas replies,
“…He owes money, he borrowed money to buy Bitcoin. He borrowed fiat to buy Bitcoin. So, he’s short fiat, long-term bonds had a low rate. Which, by the way, I think it’s a very good idea anyway (…) Now, the other part is taking all the money and investing it in bitcoin (…) I’m a pretty aggressive investor, I mean I’m not scared of practically anything but this concentration of a bet in the single asset that’s too much for me. (…) If it pays off, and I think it will, he’s going to blow it through the roof, but it’s a big risk.”
With that, Stacy Herbert concurs and adds, “envy is a really bad sentiment. It leads to absolutely no good, and it affects you personally more than the other guy.” Showing he’s a genuine Bitcoiner, Ricardo Salinas doesn’t say how much bitcoin he has. “You can only live your own best life. You do you and that’s it.”Ricardo Salinas Answers A Burning Question“Is not a good policy to talk about how much you have in general. Second, it’s a security risk. Third, what’s the point?”
Max Keiser takes the discussion back to Michel Saylor, who he fights is sending off a speculative assault on the US dollar with MicroStrategy’s bitcoin play. Relating it to that, Keiser dispatches the main inquiry of the entire meeting.
Ricardo Salinas doesn’t frustrate, “He also says that in his view in the future, that bitcoin will be the world reserve asset, and that the U.S dollar will remain the world reserve currency (…) What do you respond to that?”
Plus, government issued currency is gradually kicking the bucket and we as a whole can see the signs around us. Is that what’s going on? Tomorrow, in the closing part of this series, Keiser raises another chance and Ricardo Salinas answers. Try not to miss it.“I agree that (…) Bitcoin’s on the way to being a world reserve asset, I 100% agree. I’m not sure that the dollar is going to make it (…) Now especially, that the U.S has weaponized the dollar to further its imperial purposes. Why would a self-respecting big country like Russia or China, why would they accept that as a reserve currency? Clearly it has a lot of downsides.”
Highlighted Image: Ricardo Salinas, screen capture
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