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Just had a very simple exchange with my plumber about #Bitcoin that seemed to resonate with him…

He asked what made it valuable and why would it go up in price.

I said, if you could know that the set of rules for the economy were perfectly fair, where everyone had to put in value to get it out and nobody could cheat, would that be worth something to you?

Him: hell yeah.

Me: well we clearly don’t have that when someone can print trillions of dollars and just consume a horrific amount of capital without doing anything at all, right? Causing the price of everything to double, just like the PVC price we were just talking about.

So imagine you could just know, that whatever someone else did to get those bitcoin, you could *know* beyond any doubt, that they didn’t cheat the money. That they couldn’t print them out of thin air. They had to work within the rules. Would that be valuable?

Him: Yeah. So there’s a certain amount or something?

Me: Yes, 21 million forever. There will never be any more.

Him: So if inflation keeps happening Bitcoin will go up?

Me: Well it’s far more perfectly scarce than PVC pipe and housing and what has happened to the price of those things?

——

We got distracted with a leak issue after that, but he seemed to really follow this line of thinking.

BITwise 🐳 >>= RIGHTish 1y ago

I get this question A LOT. This is a really good concise and logical way to explain it. Gonna use it for sure!

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Discussion

Hi, it's Me 1y ago

After many attempts, I realized is impossible try to explain Bitcoin in an "elevator conversation" or even in 1 hour. My take now is much simpler:

How many hours a year do you spend on earning money? Don't you think it will be worth to spend a few hours on understanding money?

Before I recommended the Bitcoin Standard to start, now I trend more for Broken Money. After that, not my problem I will answer any questions

BITwise 🐳 >>= RIGHTish 1y ago

That's a good strategy if there isn't much time. Just getting people around to the fact that they don't truly understand money in the first place is a milestone in and of itself.

I guess for me it is really situational. How much time (and how much willingness does the other person have to listen and learn) all factor into the appropriate strategy.

I've always said, you have to meet ppl where they are, not where you want them to be.

Hi, it's Me 1y ago

That's correct, and the real problem is the same as with a Jedi. If they leave the training before it's time, they'll end up in the dark side.

All you say in a short conversation about Bitcoin, it's received by them as crypto. They go research and these crypto are like socialism, their speeches are like sirens songs.