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

There are metaphors and analogies for Bitcoin that you may have heard on podcasts or read from various articles or books — and this is not meant to criticize the entire practice of using metaphors or analogies to pique people’s interest in Bitcoin — but having a bad framework for understanding Bitcoin can cause errors in how we reason about it from there. If people take the metaphors too literally, they inevitably make mistakes in their reasoning about Bitcoin.

By pplny

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