How to deal with smart people that don't know about Bitcoin

It can be intimidating to talk to someone that's smart that spouts nonsense about Bitcoin. Arguing with them is going to be difficult because they likely have flawed economic thinking that is at the core of their beliefs.

If you're arguing with a socialist, for example, they're likely to have some form of class struggle or oppressor/oppressed paradigms that guide all their thinking. If you're arguing with a mainstream economist, they're likely to view centralized monetary control as a good thing. If you're arguing with a gold bug, they're likely to deny the value of digital things.

It's a pretty heavy lift to argue with these people, because, most likely, they haven't studied Bitcoin in any depth. But if you want engagement, start with their assumptions about the current system. Do they know how it works? Do they understand that all money comes from loans? Do they get that inflation destroys savings and that it's a stealth taxation? At the very least, this should get them on a field that's a little more neutral and fact based. But it's also possible that they may understand all these things and still be against Bitcoin. What then?

You can move from there to whether freedom, particularly property rights are a good thing. Even the most ardent socialists don't like having property taken away from them. And really, this is a moral issue that's very intuitive. Usually, you can make headway that property rights, especially over savings is a good thing.

Finally, you can move to Bitcoin. Do they understand that it's decentralized? That it's digital and that digital things can have value? This is where you need to avoid the stupid economics of the mainstream, who like talking about velocity and unemployment and so on. Those are all irrelevant to the fact that Bitcoin is good money.

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Hey, let me pick your brain if you please, and have the time

What would the first steps you would suggest to a software engineer who wants to get into #bitcoin development ?

I’m curious how they will backtrack once the cbdc’s roll out and they want to be able to pay for that extra vacation they aren’t allowed to take.

Heh, their loss you know.

Keep stacking, have fun staying poor (them) and all that.

Ignorance has a cost.

*Start with their assumptions* is spot on:

Peter Schiff assumes that money must derive its value from utility as a commodity, i.e. gold's utility in dentistry, electronics and presumably Goldschlager. Is he aware that gold was widely used as money before any of these use cases were widespread or existed at all?

In reality, gold's value is derived from its utility *as money*, having superior monetary properties to seashells, stones, paper, etc. However, Bitcoin has major advantages over gold's monetary properties, and that is why is it superior money.

If Schiff could get past the initial false assumption that money must be a commodity he would easily understand Bitcoin.

How is private property created again?