Chapter 8 - Sub-Val
Thursday, August 8th, 2024, 11:37 a.m.
The mere thought of money for some people conjures up negative feelings. I had a heated discussion with a random anon on spaces about what money is yesterday. The guy was stating or purporting that Bitcoin is not money because it does not weigh anything. The logic is so flawed that I could not begin to argue with him. Bitcoin is the best money that the world has ever known at this point in time. It is scarce because there are only 21 million and it is divisible. Each Bitcoin can be divided by 100,000,000 which are called SAT’s or Satoshi’s. The belief in Bitcoin is what makes it valuable. The reason Fiat is still valued is because the world’s citizens or denizens have not educated themselves on money and how it works.
The bible is a very good book to learn about money. There is a podcast called “What is Money?” hosted by Robert Breedlove that is…
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…another good way to learn about money or “Subjective Value” as I like to call it. I pull that term from that podcast and then “George Orwell newspeaked” it to SubVal as a matter of fact. There are plenty of ways to learn or educate yourself about money, but you have to be curious. Something has to spark your intrigue. Another great learning tool is a website called www.Timechaincalendar.com, which can also be made into an app (PWA) on your smartphone. I met the creator at a Bitcoin meetup and love his passion for teaching people. He is one of many in the bitcoin space that are passionate about spreading the good news. I implore you to check out his website. He is always improving it to make the experience mor informative and it will spark your curiosity about the mechanics of Bitcoin.
Money the word has become a word of emotion. SubVal takes the bite out of the phantasm.
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Remember that you can not get wet by the word “water.” The word just represents a phantasm or thought in your head. Money for one person means something completely different for another. SubVal can be Bitcoin, a check, a debit card, a credit card, a gift card, gold, silver, or anything that will give you subjective value. I live in California right now where the U.S. dollar is still the most commonly used currency. It is a system that is in the early days of failure. Things are getting more and more expensive in US dollar terms, but cheaper in Bitcoin terms. This is a directional difference due to the mechanics of both systems. Twenty-one million versus infinity. Fiat is being debased faster and faster over the years. They call this inflation to disguise what is happening, but the gig is up. People are smartening up. It is soon going to be evident that Bitcoin is just a better system. Fiat has lost its hegemony. :)
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