Ever heard about how Japanese companies treat their long-term loyal employees? Like when someone sticks around for decades, through thick and thin, they become a senior and instead of being let go, they just chill at the office, read the paper, and still get their full paycheck.
It's not about the work they do anymore, it's all about their loyalty at that point.
Now consider this: Hal Finney mentioned in his post "Bitcoin and me" that he thought Satoshi might have been Japanese, even though he wasn't totally sure. But what if that idea has some truth to it?
Maybe Bitcoin is built on that same concept of rewarding loyalty. Similar to those senior employees who just show up daily to hang out and stay counted, we should be doing the same by holding onto our assets, being active, and trusting the cycles.
What do you guys think?
It's obvious, that's the whole point of holding for long, you can't just jump into bitcoin today and start reaping rewards instantly, you need to have been holding for a while, experienced it's ups and downs through volatility and price fluctuations without breaking under the pressure that comes with it, it's only then thst you can start benefiting from your efforts.
It's actually a good life lesson for anyone who cares enough to pay attention to it, it might be true that people get lucky in life but hardwork and consistency will always pay better.
Do you mean this topic?
Bitcoin and me (Hal Finney)
In another finding, in The timestamps of Satoshi's posts, it seems there is a theory that Satoshi Nakamoto likely has UK background.
The finding.
If by chance you are saying that being loyal is holding Bitcoin, does this mean selling Bitcoin to take profit, being disloyal? So how can one be rewarded of being loyal if in the end, to get that reward, is the need to be disloyal (selling bitcoin at a profit).
There is no pension system in Bitcoin where we earn if we just hold Bitcoin, in the end, we need to sell to realize our gain. So I do not think the word loyal is fit in reaping a reward in Bitcoin economics. The fitting word should be patience. Selling BTC at the right time to gain huge profit.
It's true to a degree, however, BTC would appreciate you in any case, whereas companies.. not all of them are so sincere about providing what we are talking about. They may be not doing it for X peeps, and there would be not much you can do about it.
Very likely, because if you invest in bitcoin today, hold for some time and discover that the value has increase, which is also seen as a reward for our loyalty in holding, loyalty could mean patience here, when we hold and keep pressing even when others are selling, you choose not to sell and hold, because you're more confidence about the future and the return you get is in the reward with its increase in market value over time.
Well, look at it from this POV Even the employee will one day retire and stop working there, does that also makes them disloyal? No!
Loyalty in this context doesnt mean you wouldnt sell..it means you believe in Bitcoin and you decided to stay in the market no matter the storm, the disloyal people in this context refers to those that panic-sell during market crash or dips.
I think It does to an extent
Yes bro, it is a relatable comparison, also it is true. Because in order to make some money from bitcoin or to be at an independent stage we need to stick with bitcoin and should stay loyal. If we leave its side and move into alts well we know what the consequences are going to be. I have seen, haha I lost some good amount.
Well we need to hold and wait until the market starts to pay us but we should accumulate enough that we never had to sell all the coins again but we could book profit in a small pump every single time. By the way, it is also not limited to Japanese now due to global level adoption of anyone. The world could benefit from the corporate culture of Japan while sitting in China. The digitalization has really turned the world into a global village.
Many people claim that Satoshi comes from Japan, not sure about this but that's what is flooded on the internet if asked about his place of birth, and if such Japanese person is crafting a decentralized system, the same ideology would be implemented in it, knowingly or unknowingly.
To be frankly watching, Bitcoin actually rewards those who stick to the long term plan, who keeps accumulating no matter the price for as long as the time worth it.
I think we should really put a stop this cultist behavior because it is irritating, dubious and distubing. Why does it have to be a philosophy? It is clear who Bitcoin rewards, it clearly rewarded the earlier just like gigantic Corporations 'rewarded' its early share owners. If it was a failure instead of a success, it would have punished the loyals?
We do not have to 'believe in the cycles', this is not a Deity to worship. Please. Just stop.
Bitcoin actually pays out everything instantly to holders, regardless of how long ago you started, that is freedom.
While growth in value wasn't what Bitcoin promised from the start, anyone can bet on it. This means you still have to accept the risks.
Good analogy and comparison and it's no doubt that Bitcoin rewards the loyal and patient people holding it.
We've seen on how it's able to change lives and made a lot of people profitable from their patience which have made them held Bitcoin for years.
So the effect is the same although this is an investment and not an employment that others might think that it is. No, we don't get pension, we don't get any benefit except the profitability that we'll get when the price pumps more compared to how much we've bought it before.
Not just Japanese though, most companies rewards their employees if they stay loyal for them for many years. I once work in a company for 10 years and they have rewarded me with perks, not just a increased in pay.
I don't know about that, because up to this time, we all have our own speculation whether Satoshi is British since he uses British English according to some investors or Japanese because of his name.
This is pretty obvious that Bitcoin works in a cycle, and with that, we take advantage of it's cycle, if we are in bear market, then it's time to accumulate and then when bull run occurs then we might want to sell and take profits.
There's that similarity, but that's not intentional. I mean, Bitcoin isn't designed that way. Satoshi very well knew he/she/they created a decentralized cash system which he/she/they can't control.
Satoshi couldn't provide let alone guarantee rewards to those who are loyal. It isn't guaranteed that hodlers will be rewarded in the end. The price, the market, is beyond Satoshi's control. And it's uncertain. It could crumble in the end and those who stayed loyal could turn out the most bitter of Bitcoin supporters.
As always, invest, hodl, believe, support at your own risk.
That sounds great until you realize the japanese senior employment practice is reducing opportunity for younger people.
The loyalty analogy that you mentioned is real though, people who are loyal holding bitcoin rewarded with millions. Such wealth is generational, could even retire your 7th descendant if being taken advantage properly through investing and money risk management.
Truly a life changing opportunity for some.