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#Bitcoin
in 12 slides:
If you want something, you must offer something in exchange.
This is know as bartering.
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You'll notice there are 15 different relationships or exchange rates to keep track of.
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It's more efficient to use a single common thing in the middle of every transactions so that we can have a single denominator and easily-comparable prices.
pizza: 7x
avocado: 1x
haircut: 3x
...
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So how is this thing chosen?
Well, there's a number of properties that make something useful (functional) as money.
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And to find the best money, we'll need to survey all available goods against this criteria.
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First and foremost, we have to ask which option best preserves its value vs. others?
Otherwise, saving in the wrong option means gradually getting poorer relative to those who hold the best option.
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We'll keep repeating this comparative process until a the winner is found.
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But hold on, you might be thinking 'I didn’t choose my money. It’s just always been there.'
This is why it’s more important than ever to zoom out and recognize that government-issued fiat currency is just an old trick, tried many times in many places, always hyper-inflating.
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But a few things help ensure this monetary monopoly:
✋physical borders
💰capital controls
👩⚖️legal tender laws
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Why would governments prefer citizens used their version of money?
Because your savings can become the government’s piggy bank when needed (via debasement in the past or inflation in the present).
This is why sovereign govt are universally opposed to privately-issued forms of…
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Now ask yourself, why would a sovereign government allow this?
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Well, they didn’t.
They just have no practical method to stop an idea whose time has come.
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If you found this helpful, you'll probably like this too:
The things we've used as money have evolved over time.
This is critical to understand if you'd like to be able to make sense of the future.
THREAD.
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@anilsaidso
Universal exchange has one purpose, to trade your energy for universal energy that can be exchanged for other goods in demand.
Storing it in anything besides a business entity that produces more energy(profit) than it cycles (economically), just doesn’t make any sense for the…
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The 24 Risks of Equities by
@saylor
[source:
@timevalueofbtc
, 15 Feb 2023]
"When you're holding a stock, you're holding a share of equity in a company. In essence, you're owning a corporation as property. If your goal is to own that as a store of value over a long period of…
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