Money is a coupon of labor. Bitcoiin is a utility of electricity used as money.

If you look at money and consider it labor (in other words, you did some work and traded it for paper money), then that dollar bill has pent-up work, energy, or productivity stored in it. Bitcoin is the same: It has stored value in it. As long as two people are connected via computer, they can transact between each other without government approval, which would otherwise extract some of that value while it traveled between the two negotiating parties. Let’s say you lived in a village and had to travel uphill for a full kilometer to get water. One of your neighbors decides to dig a ditch over that whole distance and use gravity to make the water run down to the village. Would you build another ditch beside it to get water? Would you continue the trek to fetch the water you need by the bucket? No. You’d make a deal with the neighbor and put forward the terms of an exchange. Bitcoin has not gone away, and it’s not going to. That would be like saying we’d rather live without plumbing. Bitcoin has been around for 16 years and keeps gaining traction, and it’s dollar price continues to the upside — of course — because the dollar’s value can fundamentally only move to the downside. This is a watershed moment for freedom. That ease of having a gravity-fed pipeline for prosperity takes away all the heavy lifting. Bitcoin removes the heavy lifting in this life, always made heavier by the inflation of the currency supply. While your dollar travels shorter and shorter distances, Bitcoin steps in tandem, maintaining your purchasing power. More: www.paulcollin.ca