Bitcoin Freezer Analogy

I see a lot of people not understanding why Saylor says that Bitcoin is not competing with the dollar. I'll explain it by using my freezer analogy.

Bitcoin is like a freezer and the dollar is like a refrigerator. Freezers do not compete with refrigerators. When you go shopping for a new refrigerator you are not comparing it to your deep freezer you have at home. Why? Because they both do different things and both solve different problems we have with food.

If you want to make eggs and have those for breakfast tomorrow or in the next week you keep them chilled but not frozen. If you want to drink milk or use some cheese you are going to keep them in a ready state. Are they slowly going bad? Yes. But you are willing to accept that for the ability to consume them anytime you want in the short-term without having to wait or have a weird taste.

If you want to preserve steak for 6+ months because you know you'll use it, just not sure when, you deep freeze it. If you want to keep food with certain properties because they are better that way (such as ice cream) you deep freeze it. Sure, you could always take the steak out and eat it, but it's going to hurt, a lot.

If you take Bitcoin and spend it, it's going to hurt, a lot. It's highest and best use case is not as a currency. It can be used as a currency just like the frozen steak can be eaten, however that's not ideal. It's highest and best use case is as a store of value against all other forms of spoilage and decay.

Last thought and I'll leave you with this....... Imagine you go over to your family's house and every time you're there they complain about food going bad and how they cannot store lots of meat and other things like ice cream. They don't understand how other people are doing it. And when you ask them to show you, you notice they only have a refrigerator in their kitchen! Well, your solution for them wouldn't be to tell them to get rid of the refrigerator because that's the thing causing them to not store food long term. You would tell them that they need to go buy a freezer and that will allow them to not only store food for longer but more of it! They can keep the refrigerator, it has it's place in the kitchen, but they need to understand it's purpose and that they're not supposed to use it to store ice cream.

This is what Michael Saylor means when he says that Bitcoin doesn't compete with the dollar.