Hi- I am a bitcoin and my life is really exciting.
You want to know why?
Because I’m versatile…
- …I am a Unit of Account;
- a Means of Payment;
- a Medium of Exchange
- and a Store of Value.
And that’s exciting! It‘s super exciting.
Yeah, I know…
I feel sorry for my buddies Euro, Yen, Pound and even the US Dollar.
Sure, they’re Units of Account and a Means of Payment, but they’re a terrible Store of Value!
In fact they constantly lose value because…
…central banks produce more and more all the time – sorry guys.
I also feel sorry for my friends diamonds, gold and silver.
For thousands of years, they have been great Stores of Value.
But they are not a Means of Payment.
Who would drag a bar of gold with them to pay for things, like a car or a house?
And there’s another huge problem with gold, silver and diamonds.
You can’t pay small amounts with them and even worse, they are really easy to steal.
I have none of these problems, AND I’ve got lots of other major benefits…
…so you see, I am far, far superior to all of them.
So, come with me. I’ll tell you my story; how I was born and all about my super-powers.
I’ll tell you why I am a:
- Superior Unit of Account;
- An awesome Means of Payment;
- A great Medium of Exchange;
- and a phenomenal Store of Value
All at the same time.
I will explain why nobody can stop me; why nobody can manipulate me…
…and if you take care of me in the right way, nobody can steal me – not even the best or cleverest thieves, burglars or hackers.
I live in a totally safe and secure system called the Blockchain.
It is so well protected, nobody can mess with me.
No large company, no government, no political party, no military.
That’s exciting, isn’t it?
In the next episode I will tell you about this awesome and exciting place I live.
So join me for episode 2 and another adventure in the magical land of Bitcoins and Blockchain.