I was little disappointed after reading the strategy, basically just saying "keep promoting and developing bitcoin". Thread starter must be a genius
Apologies, I could have expanded a lot more but I think the community already has the magic formula.
"Just keep swimming..."
"Just keep swimming..."
"Just keep swimming..." 
If there's one thing that stands out it's
generate trust.
Bitcoin has to become the most
trusted currency it can be, or even, in the world.
In most currencies it is the job of centralized authorities to reduce fraud. But all too often, fraud becomes institutionalized. As legacy currencies start to lose trust, new ones will gain trust. I call this "The Law of Conservation of Trust". The total amount of trust in a monetary system remains roughly a constant. Bitcoin is well placed to gain brand value as other poorly managed currencies falter.
Here is the gap a decentralized currency can fill. Decentralization leads to a fault tolerant and self healing network, where it's very hard for one body to disrupt everything.
Every transaction in good faith strengthens the trust, and therefore, the network
- Increase the volume of good transactions
- Increase the success stories
- Increase the outlets
- Scale out the OTC web of trust
- Increase users
- Inspire people, by generating a culture of good ethics
Every time one of these things happens, bitcoin becomes one step closer to being the next great world currency. Network economics dictates that each new increment in the system takes bitcoin to a new level and makes it almost exponentially harder for any competition to challenge it.
Hoarding, speculation and fraud are part of any currency. But we should aim for a culture that encourages good behaviour, discourages bad behaviour and perhaps provides metrics. (These are the classic 3 properties of an
effective trust network).
Quality, integrity and trust are key. Try not to split energies too much until it's felt a critical mass has been achieved.
Just as in the rise of google or any other great share. Price increase should be a side effect of continuing (as a community) to do things well, rather than, the result of any one action.
Dont focus on the valuation. Participate in strategies to generate trust, and everyone wins.
