rajatsonifinance on Nostr: Time is money Money = Abstraction of time Fiat currencies ≠ Money Nobody should be ...
Time is money
Money = Abstraction of time
Fiat currencies ≠ Money
Nobody should be able to create more of an abstraction of time without an appropriate amount of time, energy, and effort contributed to a process that creates more of the abstraction of time
Gold worked so well as money because it was extremely difficult to find more of it
Fiat can be created out of nothing
Bitcoin is the scarcest commodity in the world that can fulfill the functions of money, meaning it's a perfect representation of time
Bitcoin = Time
Money = Abstraction of time
Fiat currencies ≠ Money
Nobody should be able to create more of an abstraction of time without an appropriate amount of time, energy, and effort contributed to a process that creates more of the abstraction of time
Gold worked so well as money because it was extremely difficult to find more of it
Fiat can be created out of nothing
Bitcoin is the scarcest commodity in the world that can fulfill the functions of money, meaning it's a perfect representation of time
Bitcoin = Time