202 sats \ 6 replies \ @om 5 Dec 2022 \ on: What is money? My 90 seconds pre-orange-pill pitch (feedback welcome!) bitcoin
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.
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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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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