Printable Money is Good for Everyone that Controls the Money Printer.
Finite Money is Good for Everyone.
Asset (House) prices go down in terms of Bitcoin over time.
-The above graphs should be self explanatory. Supply and demand create true value.
-The USD is being printed to infinity.
Bitcoin is the first form of true scarcity in human history.
-The supply schedule is fixed in the code and cannot be changed. 21M total. Ever.
-Demand for Bitcoin is increasing exponentially while new supply is going to zero.
Cost of a house in 2028?
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---------- in USD? $550,000? ------------
---------- in Bitcoin? 1? ------------
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As of Nov 22nd, 2024 ------ 1 house = 4.4 BTC
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Where to start learning?
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Learn how and why assets have become financialized- article by Parker Lewis.
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Try to understand the info on this page.
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Watch more videos, read more books, or listen to podcasts.
Common Misconceptions
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Bitcoin isn’t backed by anything
-Its superior monetary properties back Bitcoin, the most important being finite scarcity.(see supply chart above)
-The finite scarcity is enforced through decentralized consensus.
-Bitcoin is backed by computing power securing the network(the most secure network in the world).
-Bitcoin is backed by the number of users of the network.
Both of these are increasing exponentially.
-See graphs of the hash rate (computing power), and number of users(nonzero addresses) – charts below
Bitcoin is not Backed by Nothing - Parker Lewis article (Sep 2019)
Electrical power securing the network
Network Size (orange line)
What is an EH/s?
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Bitcoin and Crypto are the same thing
-Bitcoin is fully decentralized – the network consists of miners in 175+ countries
-There is no company, no board, no CEO, no employees – it is an open-source protocol
-All other cryptos are centralized to different degrees
- Other coins can be shut down by the government - Bitcoin cannot.
-Bitcoin is a revolutionary technology. Other cryptos are just companies. 90% are complete scams.
-Investing in other coins is much more akin to gambling. Do so at your own risk.
-The two articles below explain this concept in much more detail.
Bitcoin, not Blockchain - Parker Lewis article (Sep 2019)
Dear Crypto & Fiat Bros - Dergigi article
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Bitcoin will replace daily transactions
-The Layer 1 Bitcoin protocol is built to be decentralized and secure at the expense of speed.
-It is competing with final transaction settlements – bank transfers of cash between banks(days to weeks)
-Layer 2, 3, and 4 applications(Lightning/Liquid/others) will compete with daily transactions
Bitcoin is a store of value that is gradually replacing stocks/bonds/treasuries and real estate.
Real estate will return to being valued as a property, not as a store of value.
Bitcoin is not too Slow - Parker Lewis article (Aug 2019)
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Bitcoin is only used by criminals
-The same thing was said of the internet in the early 90s
-99% of crime is accomplished with FIAT money
-Bitcoin is on a public ledger – all transactions are public and can be tracked
-The addresses can be anonymous, but the fact that every transaction is public is a red flag for criminals
Bitcoin is not for Criminals - Parker Lewis article (Nov 2019)
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Bitcoin is just digital gold
-Before Bitcoin, gold was the best money the world had ever seen
-But it had flaws, mainly portability, verifiability, and divisibility
-Governments were able to capitalize on these flaws and take it from people
-The paper gold(ETFs, receipts) today is estimated at 250x the true amount of gold in existence
-With true supply and demand, the FIAT value of gold today would be greater than 250x the current price
​Bitcoin Obsoletes all Other Money - Parker Lewis Article (Jan 2020)
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Bitcoin can be understood in a few hours
-Understanding how and why Bitcoin is a revolutionary technology takes time and effort.
-Everyone will learn eventually, but those who learn sooner will benefit to a greater degree.
-you have to learn how the current monetary system works and how it came to be.
-you have to understand the history of central banks, FIAT, fractional reserve banking, and money printing
-you have to learn Austrian Economics – which is based on human decisions
-you have to learn the properties of money and how the Bitcoin protocol works
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Satoshi's original announcement of Bitcoin (February 11, 2009)
