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To believe that Bitcoin has no intrinsic value means:
1. Believing that having a decentralized, global payment and settlement network outside the conventional financial system has no value.
2. Believing that having a way to protect your purchasing power from inflation has no value.
3. Believing that being able to store your wealth without counterparty risk has no value.
4. Believing that the ability to send $5 or $50 million anywhere, anytime, with minimal fees has no value.
Yet, people say bitcoin has no utility or value.
The hardest part of understanding Bitcoin isn't the technology.
It's overcoming the beliefs you've absorbed from everyone else.
Media narratives.
Social pressure.
Social media echo chambers.
Confirmation bias can keep people stuck in outdated ideas for years.
Bitcoin rewards independent thinking.
Most won't take that path.
You still can.
Deflation is when you get more for your money — just as inflation is when you get less for your money.
The simplest meaning: it all comes down to how much stuff one unit of your money can buy.
Deflation means your money buys more.
Inflation means your money buys less.
That’s the whole concept in one sentence.
Most people overcomplicate inflation and deflation with talk of interest rates and central banks. But at the human level, it’s just this: take a $20 bill and ask “what can this buy?” If next year it buys more than it does today, that’s deflation. If next year it buys less, that’s inflation.
A simple example:
You have $100.
Under deflation: This year $100 buys 100 cups of coffee. Next year, the same $100 buys 110 cups of coffee. You didn’t add any money — you still have $100 — but it stretches further. You got more for your money. That’s deflation.
Under inflation: This year $100 buys 100 cups of coffee. Next year, the same $100 buys only 90 cups. Your $100 didn’t shrink as a number, but it buys less. You got less for your money. That’s inflation.
The key thing to notice is that in both cases, the dollar amount stayed the same — $100 is still $100. What changed is what that $100 can do. Deflation makes it do more; inflation makes it do less.
You deserve better money.
The inflationary system we live in.
Here’s the harsh reality…
Each unit of money becomes worth less because prices rise and the same money commands fewer goods. The money loses power.
When prices go up, your money reaches less far, which is the same as saying each dollar is worth less than before. The money lost purchasing power. The dollar is weaker than it was.
A simple example:
Same situation — you’ve got $1,000 saved for a $1,000 laptop.
Under inflation, prices rise over the year. By the time you go to buy, that same laptop now costs $1,150. Your $1,000 no longer covers it. You’re $150 short for the exact same item. Your money became less valuable — it can do less than it could a year ago.
And notice the cruel twist: holding your money punished you. You did nothing wrong — you just held your dollars — and they quietly lost power as prices rose around them. In an inflationary world, saving is naturally punished because your money silently becomes worth less over time. This is why people feel pressure to constantly invest or spend rather than save — holding cash means watching it weaken.
This is the world we actually live in. As we’ve discussed, the dollar has lost over 96% of its purchasing power since 1913. A dollar today buys a tiny fraction of what it bought back then. Each dollar has been continuously losing value, decade after decade, because the system is inflationary by design.
You deserve better money.
Bitcoin in October 2021: $62k. Bitcoin today: $62k.
If that makes you feel like you wasted four years, you were never paying attention.
The price didn’t move. The world did. Empires printed trillions. Currencies bled out. The cost of everything you need climbed while the thing built to outlast all of it sat still and waited for you.
You are being handed the hardest asset humanity has ever created at the same price it traded for at its all time high. Read that again. The market is offering you a four year head start and calling it a discount.
The people crying about flat price are measuring the wrong thing. Bitcoin doesn’t owe you a number on a screen. It offers you an exit. A way out of a game rigged to make you poorer the longer you hold the money everyone else uses.
This is not a dip. This is a door.
The ones who get it are not asking when it goes up. They are asking how much they can take off the table before everyone else remembers what this is. Quietly. Patiently. While the impatient sell their future to feel something today.
Five years from now there will be two kinds of people. The ones who saw $62k as a curse, and the ones who saw it as the last open window.
Which one are you becoming.
bitcoin:native
I’m playing a different game.
The only person I compete with is the version of myself from a year ago.
My knowledge.
My health.
My relationships.
My happiness.
My net worth.
If those are improving, I’m winning.
Everyone else’s scoreboard is irrelevant.
Most people don’t lose money in Bitcoin. They lose conviction. Usually right before it mattered most. The fix isn’t another price prediction. It’s understanding what you actually own.
bitcoin:native
Pokémon cards are outperforming index funds and other investments because of scarcity and fixed denominators depending on the card.
A rare Charizard and Pikachu are hard to come by.
This should tell you why saving in melting ice cubes is a losing game.
This is why I keep telling folks..
The Denominator Matters