P2P_FIRE @firep2p - Twitter Profile

While I respect that @MartinSLewis does not want to advise on #Bitcoin,I'd suggest that looking at the nature of *money* itself might well be something he could do in more depth (Btw Martin - remember St Stephen's Avenue? We met there a really long time ago...). Really, the only point I might nit-pick in the clip is where Bitcoin is described as 'illiquid', when it actually trades 24 hours a day, seven days a week. However, most Bitcoiners become committed to #Bitcoin as something more than a mere investment when they begin to understand just how warped is the nature of the other money that we are forced to use by governments. The fact that the value of your cash savings inevitably plummets over time as the currency is debased. The fact that when you work hard for your salary, you are playing a game to earn tokens that your opponents in the game can create for themselves, for free, and without limits. The fact that using money as a measuring stick simply does not work when governments and central banks are continually tampering with (and usually reducing) the length of that measuring stick. Your house isn't getting more valuable - it's just that the money is worth less. Finally, and most unfairly, the fact that all the advantages of this system accrue to the small number of people who control the supply of money, and that this benefit is asymmetrically skewed in their favour. The rest of us are left unable to afford the houses that are bought by those who take out enormous loans of freshly created money, which at the same time dilutes the value of our own meagre savings. It's not hard to understand that this system is not fair; and an appeal to fairness is one of the most fundamental appeals that humans can make. And so to #Bitcoin . Bitcoin treats all its users equally. There is a huge and real cost to its production, in hardware and electricity. It is available to all, no matter how well or poorly connected you are. The protocol does not discriminate - if your transaction is valid, it will be mined into a block and included in the ledger. It cannot be gamed by governments or central banks, and they cannot, ever, dilute the supply and debase the value of its units, as they debase the pound and the dollar every day. It takes power away from the powerful, and gives it back to us. So this is why we #Bitcoin , Martin. And we'd love to talk to you about it in more detail.

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