The Bitcoin pizza pie

Bitcoin is a pizza pie.

The pie represents all the value in the universe.

The pie is infinitely divisible into smaller slices. 

Any given slice will increase in purchasing power over time.

Purchasing power is different than value.

When Laszlo spent a few hours configuring his PC to mine 10,000 bitcoin, and he traded them for some delicious pizza, many think he made the worst trade in history. But the pizzas were valuable, nutritious sustenance worth roughly equivalent to the time he spent mining bitcoin. He made a fair trade in an open market, which he created. He created the market for bitcoin.

The reason it seems like a bad trade is that if he had simply ate something else and held his bitcoin its purchasing power would have increased (assuming someone else took the initiative to create the market). Its value did not change. The value is always 10,000/21M. But he would have gotten more pizza for it in time.

Bitcoin is just money. It will not sustain you since you cannot eat it. But it represents the energy you spent to earn it.

These days many large companies are spending vast amounts of energy to earn 6.25 bitcoin. They will not trade their earnings for pizzas, or even for something equivalent to their expended energy. They will hold and watch their purchasing power grow.

Now that the market has been created, and exchanges are even publicly traded, if you can afford to not immediately transfer the stored energy, you will be rewarded in purchasing power.

Many thanks and much gratitude to Laszlo for sacrificing his purchasing power to create the market for bitcoin.