1/ It& #39;s intuitive for smart people to see Bitcoin as a ponzi/bubble at first.

Why?

Because MONETARY VALUE is DEPENDENT on OTHER HUMANS. If you are trapped on a island alone, monetary goods (dollars, gold, bitcoin) serve no use for you.

2/ However, a fishing pole is valuable whether you& #39;re alone or not.

Like most goods, it isn& #39;t dependent on other humans to be useful.

It& #39;s a tool that will help you obtain food whether you& #39;re alone or with billions of other people.

3/ But just because Bitcoin& #39;s value is DEPENDENT on OTHER HUMANS doesn& #39;t mean it& #39;s simply a ponzi based on a "collective hallucination".

4/ It& #39;s important to understand WHY so many people are so passionate about Bitcoin. It& #39;s because of Bitcoin& #39;s superior monetary properties.

It& #39;s the monetary Schelling point bc of it& #39;s scarcity, divisibility, portability, etc. https://twitter.com/Moon__Capital/status/1138110456244178945?s=20">https://twitter.com/Moon__Cap...

5/ The underlying reason behind bitcoin& #39;s value accrual is its game theory among individuals acting in their self interest.

The "cult" that appears to have a "collective hallucination" formed AS A RESULT OF Bitcoin& #39;s monetary properties.

6/ TLDR- Bitcoin is only useful if you live in a world with other humans. Humans congregate on a monetary good with the best monetary properties.

Bitcoin will be drastically more valuable than you think it ever will be.

If you like this thread, you should be using SatWorth ( @WorthSat) to denominate and track your assets in Bitcoin.

It& #39;s the ultimate wealth dashboard for bitcoiners.

#SatsTheStandard