The Truth About Money That Took Me 10 Years to See

In the words of Matteo Pellegrini who has perfectly captured why Bitcoin is the final evolution of money...

"After spending 10 years thinking about Money & Bitcoin, here's the simplest explanation I can come up with:

Money is a technology to move Value across Space, Time, and Scale.

Value is the utility humans derive from Goods & Services.

Value is highly subjective, and it changes across Time and Space.

Unbeknownst to them, Economists have defined these functions as:

• Store of Value (Time)
• Medium of Exchange (Space)
• Unit of Account (Scale)

Throughout History, no monetary system has managed to satisfy all 3 functions of Money at once. This is where the idea of Backing Money and the necessity of separating Money and Currency come from.

This trade-off can be described as a Money Trilemma: you can optimize for 2, but not all 3.

Gold is great at Time & Scale, but not Space.

Fiat is great at Space & Scale, but not Time.

Until the invention of Bitcoin.

Bitcoin is the first form of Money that successfully excels at all 3 functions simultaneously.

It achieves that by perfecting all the properties of Money, with no extra space for improvement:

Bitcoin is:

• Infinitely Divisible
• Instantly Portable
• Forever Durable
• Mathematically Finite (what is mistakenly called Scarcity)
• Perfectly Fungible

Bitcoin is the final Evolution of Money.

The World just hasn’t figured it out yet."

This is exactly why EverGive donations are invested in Bitcoin!