1/ The invention of bitcoin can be compared to the invention of any man-made tools. Primitive humans had to make do with what they could find, using raw nature as means to achieve their ends. Fallen sticks as weapons, a cave as a home, leftover furs as clothing.
2/ Now everything we use is strictly man-made. Specialised, complex structures purpose built for each individual task, far removed from their origin in nature. Rifles, skyscrapers and space suits.
3/ That is, except for money. Until bitcoin, our best solution to trade and the coincidence of wants was still just a rock lying around in nature. Gold was a crude and imperfect tool, but it did the job. Just.
4/ Fiat was an illusory, fake attempt at a man-made solution, that emerged from a) gold's imperfections as money, and b) humanity's inability to come up with a better, genuine, man-made solution.
5/ Rather than create a new, improved money through technology - achieving better scarcity, fungibility, divisibility, durability & portability - ledgers furtively supplanted the money they were originally based on, their integrity protected through violence alone.
6/ Bitcoin finally represents a truly man-made, specialised solution to the money problem. As long as it continues to work, it already beats gold in all properties relevant for efficient trade and economy.
7/ And unlike any hardware solutions, it is not static. It is software. It is dynamic, upgradable and extendable. It does not need throwing out and replacing with each new iteration, it will continuously improve.
8/ Bitcoin's suitability as a solution to store of value and medium of exchange cannot be disputed based on adoption or sentiment. The properties required to produce a SoV and MoE are innate, built into its code. It has been designed expressly for these tasks.
9/ It could not be claimed that two telephones are *not* a means of communication if there are only two devices in the entire world. Each telephone would still represent the very best means of communication for the two people that own them.
10/ The two people that used a telephone as a means to achieve their ends, would outperform those still communicating by mail to achieve the same or similar ends. Previously impossible achievements would suddenly become possible. Adoption would naturally follow.
11/ Likewise, those using bitcoin, with all of its superior, engineered properties, will over time outperform those using either fiat or gold as a means to engage with the wider economy. They will achieve what was previously impossible.
12/ It cannot be claimed that bitcoin is not suitable as a SoV and MoE because adoption is low, or confidence is waning. There has never been anything more suitable.
13/ Money is not the product of a shared illusion, but the product of a shared recognition. This is the dawn of true man-made money.
