When trying to explain the concept of bitcoin everyone needs to know that it’s a solution to a problem. To truly understand the purpose you need to explain the current technology that underpins money and how Bitcoin improves on it and why the improvements are good/ what they achieve.
I like to use a scenario where you ask someone if they go to work for 40h a week what are they doing that for?. You are exchanging your energy for money. The money is like a battery you can use to store your economic energy. If you made $10k in a year which you saved in 2010, you just stored $10k worth of economic energy in that year. If you saved that money until today, your savings would be worth $4200 in the USA if we don’t account for the low interest rates. Why work so god damn hard at your job if the work you’re doing isn’t being stored properly and is leaking out really quickly? If you get pissed off for losing half your weekly pay because you damaged your car, you begin to appreciate the time value of money. And if everyone lost half their pay over 12 years for doing nothing, I don’t think they’d be happy if they heard that.
It really sucks that we don’t have any other option other than to use this cash as money. But wait, we can use bitcoin instead! Instead of working 40h a week every week and earning $1000 to have it depreciate at increasing rates, why not store that economic energy you have generated on bitcoin which will protect that energy forever? By mathematical design, the value of your economic energy stored in bitcoin will always go up as long as people are demanding it. Once everyone understands that bitcoin is a safe haven where you can store your wealth, it will be highly demanded.
It’s a really simple concept to understand. You have to introduce the idea then that CPI which determines how much value the government thinks your money lost is flawed. It doesn’t make sense not to include everything consumers demand in an inflation calculation. By expending your energy as a human being and then being subject to inflation is essentially just sucking the life force out of you as you struggle to earn a living. Anyone that has held predominantly more cash for the last few decades has become increasingly poorer as the fiat system promotes the division of wealth in the economy.
Explain the idea, the problem, the solution and what the solution does.
Then make it personal. No one likes being robbed of their life force.
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