That is an opinion editorial by way of Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin Global.

There are metaphors and analogies for Bitcoin that you will have heard on podcasts or learn from quite a lot of articles or books — and this isn’t intended to criticize all the observe of the use of metaphors or analogies to pique folks’s pastime in Bitcoin — however having a foul framework for figuring out Bitcoin may cause mistakes in how we reason why about it from there. If folks take the metaphors too actually, they inevitably make errors of their reasoning about Bitcoin.


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