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My explanation of bitcoin as a store of value

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I've spent the last three weeks obsessively learning about bitcoin, from saylor to breedlove to ammous.

I've taken their ideas and put them into my words like this:

You spend your time and energy in the present in exchange for money. If you hold on to that money and don’t spend it, you are transferring your current life’s energy into the future. It’s like putting it into a pipe that transports it to your future self to be spent on things later. But fiat money (money that can be printed) is like a pipe that’s leaking (through inflation). In fact, it’s leaking like crazy! A dollar you put into the pipe now won’t be worth as much on the other side in 10 years because it loses value. Bitcoin is like the perfect pipe without leaks, perfectly moving your life's energy through time all because it has an immutably fixed supply cap, making inflation impossible, ensuring your life’s time and energy is protected.

#whatismoney

My mind is being absolutely blown... I've never thought about any of this...

submitted by /u/youbehasbeen
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