Global Feed Post Login
Replying to Avatar Jason Hodlers 🪢

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: "🤔 Only when I REALLY need to."

Me: "Good. How many rotten bananas can I give you for 1 super banana?"

Her: "🤔 Infinite...? No, wait! There's no amount you could ever give me!"

And that was when I knew that she understood Bitcoin.

Avatar
BITwise 🐳 >>= RIGHTish 1y ago

Wow this is an amazing analogy. Will be using this one for sure.

nostr:nevent1qqsywfvwtkprw8f6uh05nsvjnztd70j743esymjf0exgh2rxmk0dc4cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp5tz557rkzlmtslt67ra0vy0a2eqdvgjxchv5fd29yf9rntslc39qvzqqqqqqycq9mkv

Reply to this note

Please Login to reply.

Discussion

No replies yet.