Oddbean new post about login | logout how did you explain money or credit cards?
Money is tough because the current system is messed up, was trying to educate them about banks the other day but it’s hard because they don’t actually hold money any more. They are more of credit machine to create dollars to create debt which most people don’t fully understand including myself.
getting a foundation for understanding of exchanging value for value/ or money for stuff is a launch point. The finer points of how money is created in deferential models is more advanced. BTC is similar. It is a network, it is money, it is an investment... among other things. but just to get started before refining the learning, what is it at its most base level and what else is like it for an analogy to fill in understanding?