Part 5

HODL

8 min read

You can try standing on the tracks in front of Bitcoin. Many have tried, in all sorts of ways. Or you can simply get some.

You can accept the invitation because you're never late for this train. It will certainly feel as though you missed it. Nearly everyone in the network has felt that way and some in the network today still do. The way you accept it and address it is pretty simple.

Know what you own. Know what it is you're holding in Bitcoin.

Or don't. Bitcoin doesn't care. For Bitcoin it's just "Tick tock, next block".

But you do care.

So what is it you really need to know about what you're holding? It is the purest, most durable, most secure, most reliable way to store energy in the universe. It was made for you... to store YOUR energy. You need this because one's energy is one's survival and everyone and everything in the world wants it. This doesn't make it some kind of special new offering at a bank.

Bitcoin is the entire system. It's the money. It's the bank. And it's the network.

And because it's money that means it is the single most important product you can own and use. Money, regardless of its form, has always been the most important product you can own. Ever since its invention. But the point is this... Bitcoin is the captain now.

Interested? Okay then here's another point to think through... there will never be a better money.

When you finally see why that statement is true, you will finally, truly know what it is you own.

Now, back to that point about not feeling late to Bitcoin. How can that be? Here's why... this is not an "investment". We are not "investing". Investing is nothing other than being early and late to marketplace events that are, in essence, random. It's a guess. That's all. What we're dealing with here is energy, saving and spending. Stuff that wants nothing to do with guessing.

There's no "cashing out". You're trying to preserve your energy. You either do it or you don't – there is no early or late. No, investing isn't dead – it’s not going away. But forget about investing for now. You might just decide to forget about it forever.

Let's think about saving.

Sure people have been saving in Bitcoin before you. But “before” and “early” are different ideas because Bitcoin is going to work the same way it has since its inception. Its purpose and all the wonderful features that make it so, will continue no matter how much any individual has. Tick tock, next block.

Earlier we said Bitcoin is eating the world. And that's what this is about. It's consuming... or rather, receiving all the monetary value that there is. That's where you come in. When you acquire Bitcoin, you're transforming your energy into a higher life-form. You're refining it. You're making it more pure, more durable, more secure and more reliable than it was in its prior state. The same exact way everyone that did so before you.

Yes, it's true Bitcoin's price is higher than before but that's because it's network security and reliability is greater than before. It's larger and more valuable than before. It's LESS risky than before.

This pattern only continues. It continues FOREVER!!!!

It's why no one will ever be late. You're going to do work and provide value in the future but that doesn't make your earnings "late". It's going to need the same kind of security and reliability today's earnings need. Money goes where it is treated best. Always and forever.

Ahhhh, now what's this? There's another idea creeping into the scene now.

When you save in Bitcoin you won't need to earn as much in the future. You can perform less work over time while coming away with higher purchasing power.

How odd does that sound?… very. Entirely. So odd that it is, in fact, a one-eighty from the system we are leaving. It’s as simple as putting a weak, inflationary money up against a scarce, decentralized, hard money and letting individuals choose.

The transition is, in a word, inevitable.

But how can money actually gain value? It’s not earning interest. There’s no yield. No cash flows. No counter parties. So in practical terms, what about it allows this to occur?

The answer is still, and forever, energy.

That is to say it is a product that stores energy. And it doesn't leak. It doesn't decay. It doesn't erode. When a product is that good at refining and storing energy, the product becomes ever-indistinguishable from energy itself. There can be nothing more valuable than that.

It's most important to remember this about energy... it cannot be destroyed, it can only be transferred.

When we're talking about Bitcoin, we're talking about a fixed supply. We're talking about a fixed supply of infinitely divisible energy.

So when you own Bitcoin, you own the energy. You actually own your money. Yeah, you can think of it as currency but it is undoubtedly money – not some certificate redeemable for money. You have the sovereign power to decide whether it all sits there in your control. And whether any amount of it is transferred into another type of energy, or another location or any other time in the near or distant future.

In other words, spent.

But no matter which it is, or how often it happens, the total amount Bitcoin is always the same. None is destroyed and none is created. It is the value that changes. It goes up over time because the world's demand for raw, unrefined energy never stops and our technology for capturing it improves. It doesn't even slow because energy is not subjective and it's not going out of style. Ever.

Energy is equal to our survival and that means everyone wants more.

That's in our DNA.

Can you now see what Bitcoin has done? Can you sense how deep it strikes into the core of what drives us as a species?

It always comes back around to this point right here... Bitcoin's supply is finite.

It's capacity to store value and transfer energy is infinite... It's INFINITE!

So to all the proponents of an elastic money supply... how do you like that for elasticity? Think about what that means. For prices. For productivity. For quality. It's a damn miracle!

Alright, alright, fine. For the millionth time, I hear you... What about intrinsic value?

The ever-important (eye roll) intrinsic value. You've got to just stop it with your intrinsic value. It should not even be a question because it's a false premise.

Intrinsic value is just another way to say the energy associated with a thing is accessible and separate from its monetary value. That it has a utility and some level of efficiency. Which are, as a consequence, subjective. It's no different than just saying "value". It can quite literally be in anything according to someone, somewhere. So the term is meaningless. Everything has it. Nothing has it. We've gotten nowhere.

There's nothing wrong with utility value by the way.

Call it intrinsic value if you insist (you know you do). Either way we're going to learn precisely what the utility value is of EVERYTHING. It means monetary value is leaving everything. Everything except the one real money which is nothing but monetary value, and that's Bitcoin. Bitcoin will be busy monetizing while all the rest of this is happening.

Like two ships passing in the night.

So what's the problem? Well we have a HUGE problem because so many things have been artificially assigned so much monetary value, for so long. Since 1971, actually.

And so few know this.

There's going to be absolute shock when the majority begins to learn just how much more monetary value there is than utility value... in nearly everything. All of it misplaced, now. Most notably houses. Then vehicles. Appliances. Everything with a processor chip. The list goes on.

We're talking about a repricing to end all repricings.

It's going to look like the sky is falling... at least at first. It's just a matter of how long it takes for the large majority to not just feel the problem, but to understand the "why" and the "how". And then their willingness to choose Bitcoin, which will be the increasingly easier part. But it certainly won't happen fast enough.

So brace for impact.

Read about the origin of this platform.