After years of being around bitcoin, for me it finally clicked when I realised Bitcoin is a means of saving ones time and energy for the future, instead of looking at it as an investment.
What was yours?
Wow what an article, amazing job!
And the article about the financial bubbles, what a great resource, I need to sit down and read them carefully 😉
We need to learn from the past, not just memorize some random dates. Thanks for that! 💯
Good question... I feel like I’ve had many aha moments, but the one that made me believe in Bitcoin fully was when I realized that when the government prints money, it’s not only debasing the currency; it’s devaluing our time, as in the amount we get paid to work for an hour. Inflation erodes that. Bitcoin is by far the best way to preserve that.
I had that moment too sometime last year when I was reading the Bitcoin Standard..! Such a powerful realisation, sometimes I feel that bitcoin actually taught me more about how the fiat system works than anything else...
The first few times I didn't understand it very well, though it was so interesting, so I kept reading it. There wasn't much more info about Bitcoin to read back then apart from the paper and BitcoinTalk forums and IRC.
For me it was when I discovered stacker.news and and started reading about Bitcoin deeply. I read excessively, old and new posts about Bitcoin. Before that I thought Bitcoin was just another crypto or coin.
I remember for the first time I read a post #496159 about Bitcoin Circular Economy and watched videos by @JoeNakamoto. There that was precisely my aha moment.
When I started pricing everything in Bitcoin, i started with my shitcoin bags and realised it was pointless, then my other investments, then my salary and time and I was like is their any other method of wealth preservation or allocation of capital that rewards me more than this? No
When it clicked it hit me like I was on the end of a Futae No Kiwami
It was when I learned it was actually decentralized and had strong forces that would keep it that way, and not decentralized-in-theory1 like nearly everything else that calls itself decentralized these days.
Before that, I mostly saw it as another "blockchain" and was interested in the tech. Then when I started learning about "blockchain" through bitcoin, I had this aha and it brought back all my memories of austrian econ that I'd given up on for practical reasons.
Footnotes
Lots of things claim to be decentralized on the grounds of "if people work really hard to decentralize it, it will be decentralized" only to realize people don't want to work really hard for free. ↩
I have a few books on Austrian economics, I need to finally read them!
I also find it amazing that the decentralisation has proven to be such a strong aspect that now countries stop fighting bitcoin and instead are ready to join it...
ahaand it brought back all my memories of austrian econ that I'd given up on for practical reasons.Footnotes