Nithin Eapen
In the first article of the series, we explored why Bitcoin deserves attention as an asset class. In the second and third articles, we discussed the nature of money, its properties, its evolution, and the flaws in our current monetary system—laying the groundwork for understanding Bitcoin.
Any revolutionary technology faces skepticism. It took time for people to embrace ordering everything from groceries to shoes on Amazon, though the concept was relatively easy to explain. Some technologies, however, are much harder to articulate.
Imagine trying to explain the internet to a child who has never seen a computer. Is it a vast library, an information highway, or a network of connected machines? Each description holds some truth, yet none fully encapsulates its essence. Despite using the internet daily, have you ever tried describing it to someone who has never encountered a computer?
Let us revisit the parable of the blindfolded men and the elephant which originated in the Buddhist folklore before delving into Bitcoin. In a distant land, six men heard about a peculiar creature known as the elephant. They heard that elephants could trample forests, carry immense loads, and frighten people of all ages with loud trumpet calls. Essentially, the elephant was a majestic animal.
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