Lesson 10: They Are Debasing You

Preview

In the previous lesson, we explored how Bitcoin’s technical design makes it the “hardest” money ever created. We showed that Bitcoin has a fixed supply and therefore cannot be inflated or debased, we showed how the difficulty adjustment transforms inflationary pressure into network security, and ultimately demonstrated why these properties make Bitcoin a great asset for storing long term value.

On the other hand, in a fiat monetary system inflation is understood as essential, and even a good thing. But facts are facts, and inflation debases money. In this lesson, we explore a more pernicious reality of monetary debasement: if they can debase your money, they can debase you.

They Are Debasing You

Key Takeaways

• Money is stored time and energy — we work, produce value, and receive money as a representation of our contributed time and effort. Good money preserves that value; bad money erodes it.
• Fiat money steals your time — when governments print or borrow money, they dilute the purchasing power of your saved labor. Inflation isn’t just “higher prices”; it is the systematic devaluation of your life’s work.
• Broken money breaks society — as fiat loses value, everything requires more time and energy: housing, food, family formation, health, stability. Debased money debases the population.
• Bitcoin cannot be debased — with a fixed supply, decentralized consensus, and no authority able to print more, Bitcoin is the first form of money that fully protects your stored time and energy from dilution.
• Bitcoin lowers time preference — its fixed, finite supply encourages long-term planning, disciplined saving, and more intentional decisions about the present.

Additional Resources

• How Bitcoin Will Win – Jack Mallers | Real Talk With Zuby
• Jack Mallers Delivers The BEST Bitcoin Explanation of ALL TIME!