How You Can Better Explain Bitcoin

As a seasoned Bitcoiner, aren’t you sometimes frustrated that the vast majority still don’t get Bitcoin? How many times can you bear to hear that BTC is too expensive and therefore ETH or XRP is a better buy?

It’s an adoption curve dilemma: we’re early adopters, but statistically speaking, most people just aren’t. A giant gap is created between these early adopters and later adopters. We don’t communicate. We do not reach them. And it’s up to us to figure out what to do about it, because time is running out. Cantillon recipients will not rest on their laurels until the middle class has been wiped out entirely. The longer it takes for the general population to turn orange, the more time bad actors have to ram their CBDCs down our throats and finish what they set in motion in 1913.

I took it upon myself to develop a step-by-step approach to onboarding new Bitcoiners more effectively. My purpose in writing this article is not to shill my clever little invention. It’s inviting people smarter than me to come up with an even more effective methodology that will put mine to shame. The more collective impact we can have, the better. At least we now have something to get the ball rolling.

At the cost of repeating an overused metaphor, it’s like peeling an onion: to get to the point, you have to remove all the protective layers one by one, in the order in which they present themselves.

The first layer to tackle, according to my approach, is resistance to change. It can come from the person we are trying to communicate with or from their environment. Imagine you are in Detroit near Bagley Avenue in 1896. Henry Ford is driving his newly built horseless carriage, the first automobile. For millennia, societies have used horses for transportation. Horses are deeply rooted in all cultures. Try placing the beginner you are trying to enlighten Bitcoin in this scenario. She is a typical late teenager of an American family of that time. His father has a horse, as do all his uncles, neighbors, etc. In fact, she just fed and cleaned the horse this morning. She dreams of owning her first steed and she can’t wait to be old enough to finally have one. And now, Henry Ford is testing his quadricycle in broad daylight, in his neighborhood. He is mocked and ridiculed. Freddy, our beginner’s uncle, has just shouted out loud: “Go get a horse! At the table that evening, the subject will be discussed, and the adults will have a good laugh while swallowing their malt liquor. What did Henry Ford really do here other than create innovation? He introduced a paradigm shift in culture that exceeded the threshold of human tolerance for change. Before the teenager can be made to understand that the automobile is the mode of transport of the future, the subject of change must be broached until she can accept it and be free from the resistance of her surroundings.

The second layer to be treated is foresight. A discussion must take place in some form to establish its importance, because without it, one simply cannot explore the possibilities ahead. To help illustrate this, I like to use a hockey analogy. With this, I aim to convey that beyond possessing a “table stakes” skill set (good skater, team member, etc.), that to truly excel, a player must understand the game well enough and her opponents to stop tracking the puck, and instead she starts skating to where she thinks the puck will be seconds in the future. Next, I point out that in Henry Ford’s example, the dollar is the horse and bitcoin is the automobile. And to the extent that she can — and is willing to — show the foresight to skate to where the Bitcoin puck materializes, she and her descendants might find themselves in a better position to come out on top, in case the Bitcoin puck materializes. hyperbitcoinization would happen.

The third layer to peel off consists of address what is wrong with the current financial system, starting with a definition of money that the beginner can relate to, with examples. I further explain that in its purest form, hard money is sound and government intervention is not a prerequisite for hard money. I briefly retrace its history (shells, gold, etc.) and I conclude by describing each of the evils of the current financial system: a) fractional reserve banking, b) central banking, c) fiduciary money, d) the Bank world/International Monetary Fund, e) dollar hegemony and f) quantitative easing.

The fourth layer is define bitcoin simply, but effectively, so that it can be understood fundamentally and not simply as “a digital currency used as a mode of payment or as a means of storing value”.

The fifth layer is convey the benefits of the decentralized nature of Bitcoin.

The sixth layer is explain the complete set of attributes of sound money, including arguing against the idea that BTC has no intrinsic value. At this point, I address Keynesian versus Austrian ideologies and position bitcoin on that spectrum. I take the opportunity during this step to introduce the notion of divisibility (the sats versus BTC mindset), and thus dispel the lie that bitcoin is “too expensive”.

The addresses of the seventh and last layer inertia. I demonstrate the fact that no one can truly run away from Bitcoin in the sense that central financial planners will institute their own (very expensive) version of it, which will make Bitcoin, instead, look like the freedom maker that it is. . .

Finally, we have the core of the onion laid out for us: helping the beginner understand how easy it is to get out of zerowhile guiding it in the ultimate management of the asset in a non-custodial and safe manner.

I end by painting a view of a possible Bitcoin future, discussing what Layer 2 solutions enable and the El Salvador precedent. And I don’t forget to aim to immunize him against FUD throughout the diaper peeling process.

Starting off, if doing the above repeatedly with a number of individuals seems unscalable, then let me do the work for you: I’ve written it all down in a free book, called “Taking the Orange Pill – What the average person should know about Bitcoin”. “It’s available on various platforms (Apple, Barnes & Noble, etc.) here: or as a PDF file here: Use it like the free resource that it is, and just point people to it.

Mario Cantin describes himself as “just a mob who wrote a little book to explain Bitcoin to ordinary people”. You can interact with him on Twitter.

This is a guest post from Mario Cantin. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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