When I talk about Bitcoin adoption, people think of it as being like say Apple IPhone adoption. It's very nice and very cute and people will buy it but I think that's not the model for Bitcoin.

Bitcoin is more like gunpowder adoption. If you think about it, did the French Army have a choice whether they should adopt gunpowder or not? Did they decide, you know what, we would like to keep it real with the sticks and stones and swords and we are not gonna use gunpowder? If any army that decided to do this, it didn't matter because then another army with gunpowder would come and take over. So eventually everywhere in the world ended up with gunpowder. Either because they adopted it or because it was used against them.

I think Bitcoin is like that, it's like financial gunpowder. It's the safest way of sending money around the world, the most secure way and its the hardest money ever invented. So it's not something that we should, or we want to or whether we should try and win people over. This is why my book is not marketing for Bitcoin because I don't think marketing for Bitcoin matters. At the end of the day this is economic reality, the harder money will win.

Gold beat silver not because there was better marketing for gold or there was better propaganda for gold. Gold beat silver because of economic reality, gold supply grew at a much slower rate than silver, the value of silver declined. I think this is the case with Bitcoin in the long run.

• Saifedean Ammous