Explaining Saylor and MSTR to a 4th grader
Discussion
Interesting
He looks a little old to be in 4th grade.
that is all he is doing indeed π€
Ummm but but he doesnβt have the keys . Please make this stop π
This is why I love nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle, because I AM that 4th grader, and he ALWAYS explains these things in a way I can understand!
Thanks Jack!
Simple is King
Yep. When my daughter was much younger than a 4th grader, it was hard for her to understand monetary value, so I explained it using bananas, which get spotty and then rot in real life, and fictitious "super bananas" which only get better and more delicious with time.
I told her that, for this analogy, bananas = fiat, and super bananas = Bitcoin.
Me: "How many super bananas would you want?"
Her: "As many as I can get!"
Me: "Great! When would you ever eat (spend) them?"
Her: "π€ Only when I REALLY need to."
Me: "Good. How many rotten bananas can I give you for 1 super banana?"
Her: "π€ Infinite...? No, wait! There's no amount you could ever give me!"
And that was when I knew that she understood Bitcoin.
Beautiful anecdote!
Thanks for adding this live rip to the podcast rss feed!
Best laugh of the morning, ty
That's funny π