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Why people do not get Bitcoin

  • Writer: PaxB
    PaxB
  • Nov 20, 2022
  • 2 min read

Updated: Jan 11, 2023

The common man on the streets has no idea about HISTORY OF MONEY.


Schools do NOT teach what is money let alone the history of money (even if they did, nobody would care to understand what it means or the lessons to take from it).


How many people would be curious enough to research the history of money or the background of banks?


How many people out of the above subset of people would be able to make out the difference between hard money vs soft money and take the lessons in there?


From the above subset of people, how many people would come across Bitcoin in their lifetime and not disregard it as complete nonsense scam of the nerds?


From the above subset, how many people would be able to appreciate the technical details of Bitcoin. Such people would have to understand -

  1. High level of distributed system

  2. Basics of cryptography, encryption, digital signatures, message security

  3. Network effects and decentralization

The tiny number of people in the subset so far, how many people would be able to see this information in context of how money is created in the present day?


How debt is issued to create new bonds so coupons of older bonds can be paid and money is created out of thin air in the fiat economy?


Even if they understood all of the above, people still might get waylaid into thinking that this Bitcoin system can be copied by anybody to create another parallel system.


If a person is able to pass all above filters, that person would buy bitcoin as much as he can (and be called a crazy by his friends).


In bitcoin, knowledge is everything, qualification is nothing.

This blog will educate you on all of this in a step by step process (if you are willing)


Questions this website will answer

  1. What is money

  2. What is the history of money and the surprising lessons

  3. Where did money come from, where is it going

  4. Current macroeconomic trends

  5. How does Bitcoin fit in all this

  6. Technical internals of Bitcoin

  7. Why only Bitcoin will win

  8. How to take advantage of this rare set of knowledge

  9. How to buy and safely store Bitcoin for the long term

It is unlikely that a qualified educated common person would have all this specific set of knowledge without actually trying.


You do not have to buy any merchandise or pay to access any of this content or use any of my coupon codes for anything (although I'd appreciate it).


Just be sure to bring your intellectual curiosity.

 
 
 

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