Shortest Explanation

You work, you build something, you make art, or you share wisdom. Someone appreciates that value and gives you something of value in return, namely money. Money is the thing that lets you hold value for the future and use it later.

Now if you have good, hard money, then the value is retatined over time. Gold is like this. You can buy a cow for the same amount of gold as it took thousands of years ago.

The US Dollar is not like this. Due to many factors, the value in US Dollars reduces in purchasing power.

Gold is hard to buy, but there is a digital version of gold, it is called Bitcoin.

Mindset

To understand Bitcoin, you have to open your mind:

• Some things you have learned are not true
• Some things you take for granted, you don’t understand
• People did not understand Radio; People did not understand Television; People did not understand the Telephone; People did not understand a telephone without wires; People did not understand the Internet — Bitcoin is like that, but times 100.

What is Money?

To understand Bitcoin, you have to first understand money.

Money is a store of value for time and/or energy someone has invested. It allows you to create value today, save the value, and use the value in the future. Shifting value from the present into the future, if the money holds its value.

Hard Money

Hard money is a term that means the overall supply of the money is fixed or is growing slowly. If the supply of money is diluted, your existing value is diluted. If this happens over time, you are incentivized to spend your money (value) now, and not hold into the future. Fiat currencies are not Hard Money. Gold and Bitcoin are.