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I'm entertaining the idea of pitching "Money as Lever for your Time" to orange-pill friends and family.
I can see they are living in a "cognitive dissonance" where the mainstream is saying that everything will get back to normal soon™, but more and more of them see that the business they run (or work for) is getting worse - while wealthy corporations are laying off thousands of qualified people, and all of them are sore of the outrageous inflation that hit at the gas pump, grocery store, and the energy bill.
I'm trying to condense in 90 seconds core concepts of "what is money", assuming they don't care about the gold standard, they can't see the Venezuela/Lebanon/Turkey currency debasement problem, and they can't grok how Elon Musk and other Forbes List douches got so rich.
I'll give a first stab - I'm not a native English speaker, sorry for any clunkiness:
The lever is a tool that we use to lift big weights. Archimedes said that if you give him a long enough lever, he could move the entire world only with his strength. What it has to do with money? Money is the lever for your time. Why do you spend money on a celebration dinner with your significant other? Why do you buy an elegant suit for the occasion? You use money as leverage to make your time special and more valuable.
Moving forward, also making money is leverage for your time. Your job provides you with money, which you use to buy groceries and a safe shelter, again leverage to improve your time - much better compared to wandering in the woods hunting for rabbits or simply taking a lower-paid job, right?
What happens when you earn more than what you spend? You probably won't burn cash like the Joker, instead keeping it for the future (the next celebration dinner, maybe?) On the other hand, what happens when you spend more than what you earn? Your spare money comes in handy and can work as a form of insurance against future difficulties for you or your loved ones.
How did people like Elon Musk become so rich? While they have the same 24 hours/day as me and you, they use the extra money, think of unused leverage, to extend the leverage itself, buying assets that make more money than what they cost initially - even when they sleep, eat and enjoy time with their loved ones. Time and money need each other, and it's up to you to wisely mix them as you need, for the present and for your future self.
One last thing: what is inflation? It is a disease that churns your money leverage over time, regardless of your country, job, bank, accumulated wealth, or political representative. Inflation forces you to constantly chase higher salaries to afford your actual lifestyle, and is severely impacting the cost (and the returns) of assets that can earn you money. You know that Bitcoin fixes this, but I will not explain why until you ask me a few questions.
What did I miss here? Is there something I should include? And something I can remove, to make it even easier?
202 sats \ 6 replies \ @om 5 Dec 2022
Nothing is clear here. Lever is a force multiplier. What is force here, my time? How does money multiply it? Is there some metaphor for support too? Archimedes wanted a support point too, you know. Then you slip from lever to leverage, which is a financial term meaning something else entirely.
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100 sats \ 1 reply \ @ek 6 Dec 2022
I agree, the introduction with lever but then going to leverage is hard to follow
Or why money is a lever for time
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This is helping me to improve the messaging. In one of the first passages:
make your time special and more valuable.
So the money leverage increases the value of the same unit of time.
"Leverage" in our fiat world is a very specific term involving the use of debt, which has nothing to do with my point and Bitcoin in general. Images and illustrations for "leverage" show Archimedes' "lever" - while images and illustrations for "lever" are what you use on your bike to slow down.
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Appreciate the effort to leave your feedback. Would you elaborate, in your own words, on how the message should improve?
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100 sats \ 2 replies \ @om 5 Dec 2022
First tell me, why do you assume that
they can't see the Venezuela/Lebanon/Turkey currency debasement problem
when
all of them are sore of the outrageous inflation
?
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As mentioned right before it, there's a "cognitive dissonance" problem. In their mind, the Dollar or the Euro will never suffer debasement - not because it cannot, but because they won't allow themselves to believe it
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What they have is short-termism or high time preference. It's perfectly normal to be worried that Bitcoin would go down - after all, it went from $69K to $17K, why shouldn't they be worried about that?
There are two angles to approach this - one is long-termism, saving for 10+ years. Another is insurance against hyperinflation - after all, the $ debasement has already happened, it's just not fully reflected in the prices yet.
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Time is money, money is time. How do they print money if you can’t print time?
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They take away your time
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'Money is a shared delusion all humans have to jointly agree to share.' - Nic Kelman
Take a $100 (US) bill back 1000 years and it wouldn't buy you anything.
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в конце концов весь биткоин будет утерян! дело не в деньгах! а вчем? что за причина использования?
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