One of Bitcoins greatest strengths is its simple message for newcomers: It is the best savings tool humanity has ever known.
Work, save in Bitcoin, lower your time preference, keep on going.
Then sit back and watch as they naturally want to lower discretionary spending to increase their stack.
Contrast that with the messages coming out of the shit coin world, even just etherium: it’s digital oil, no it’s ultra sound money, but it’s also a digital bond, actually it’s all of those things, but it’s also the world computer, it’s the home of defi man, and it’s going to flippen btc one day…..
#bitcoin #nostr #nostrich #nostriches #ethereum #bitcoinonly
Bitcoin is an inflationary currency. It inherently grows in value over time because there's a finite supply. Conversely, fiat (cash) is an deflationary currency that decreases in value over time do to an infinite supply, and the mechanisms of inflation. It's important to understand this fundamental difference when explaining Bitcoin to newcomers.
I can be a bit pedantic or semantic with things, my preferred way of desribing it is btc's supply is better described as disinflationary, vs fiats inflationary supply (except for recessions / depressions).
With demand, those supply dynamics affect prices (moreso than value which is subjective) accordingly. Sorry, i know i can be annoying and they're essentialy two ways of saying the same thing
No apologies necessary. It's always good to put things in your own language. Doing that builds your understanding and comprehension of the topic.