At its core, bitcoin is a smart currency designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions... all good things.

Meaning: Difficulty may teach practical lessons without bringing material success. Gaining understanding from a setback is different from becoming better off because of it.

Meaning: Saving a small amount can be a poor bargain if it creates a much larger cost. Judge the total consequences of a decision rather than only the immediate saving.

Meaning: A benefit you already possess may be worth more than a larger benefit you only hope to obtain. Weigh a secure result against the chance of losing it.

Meaning: Preserving available resources can be more useful than hoping for a miraculous way to obtain wealth. The saying praises avoiding needless loss, while recognising that saving depends on having something left after genuine needs are met.