Readit NewsNo offence, but is English your first language? This sounds entirely unrelated to the concept of a cult. I think you're just describing a company, an LLP with a religious focus.
Hearing about a group of people who have successfully implemented small scale communism with a religion involved and they thrived for over 100 years isn't something you want to shout from the rooftops as it would encourage more of this behavior.
I think he was right. My criterion for whether someone's in a cult is that eerie feeling talking to them, where they get angry at any challenge, they can never quite seem to explain why they're as invested (metaphorically and literally) as they are, and so forth. It's that sense that they themselves don't know why they do it, and there's a lot of emotional pathology that goes into shutting off from the outside world and protecting their obsession from reality. That absolutely typifies Bitcoin/crypto obsessives I've met.
He had unlimited money ($25k a month was nothing) and freedom to do anything he wanted for 15 years. He was never harmed. The organization collapsed as the elders passed away partially due to the rule of no proselytizing so no new members.
edit: they had about $50M split between 6 people near the end. I don't really know why more people don't do this: register a religious organization, require all members to assign all assets and money to the organization, work together for the rest of your life building your wealth tax free and watch how quick your wealth amplifies as you acquire properties and make investments.
Seriously though, if speculative assets are your thing then crypto is great. It's still not great for the average consumer to use for payments.
The benefit of crypto also makes it a perfect target since there is no ‘undo’.
We are relearning why the financial system is set up as it is …