ELI5: Bitcoin is the first effective alternative for people globally to not get their savings secretly stolen by governments through free money printing.
For thousands of years, proof of work was what “backed” the trade between people. You took a month of hard work to raise a flock of chicken, I took a month to mine and mint a silver block, let’s trade. Only in the recent 50 years, there appeared a new class of people who can print free monopoly paper to exchange for others’ blood sweat and tears.
The printing has been accelerating causing worsening inflation and suffering for the class who can only work for money but not print free money.
Bitcoin_hd / JunoKat
npub1js…pcucr
2023-12-10 07:26:19
Author Public Key
npub1jslr2nhes8wd8lz9a7dhhuck53zt9u8jwcqn3c8rxqdaw0w9eajs7pcucrPublished at
2023-12-10 07:26:19Event JSON
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"content": "ELI5: Bitcoin is the first effective alternative for people globally to not get their savings secretly stolen by governments through free money printing. \n\nFor thousands of years, proof of work was what “backed” the trade between people. You took a month of hard work to raise a flock of chicken, I took a month to mine and mint a silver block, let’s trade. Only in the recent 50 years, there appeared a new class of people who can print free monopoly paper to exchange for others’ blood sweat and tears. \n\nThe printing has been accelerating causing worsening inflation and suffering for the class who can only work for money but not print free money.",
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}