pallabjd on Nostr: Can we actually save time, give time, or take time? Isn't time more valuable than ...
Can we actually save time, give time, or take time? Isn't time more valuable than Bitcoin?
I never succeed in understanding time and bitcoin to their full extend, so I asked this question a few days ago, and one of my friends replied:
"Total supply of Bitcoin is limited. Bitcoin per person is known, and limited. Regular supply is also limited and pre-scheduled, pre-determined. Has the halving process, hence it's deflationary, and non-manipulative.
But there is no concept of total supply of time. Time per person is absolutely unknown. Regular supply is limited, pre-scheduled and pre-determined. But time doesn't have the halving process. Hence it's neither inflationary nor deflationary. It's also non-manipulative.
Still, we can't use time as currency. Why?
Cause we can't actually save it, although we claim to save time. It's not a good store of value. We can't store it for the future cause IT IS THE FUTURE.
Time is non-transferable, hence can't be used as a medium of exchange. You can't actually give or take time, although we claim to do so. We can only give or take permission to use more time, that too from our own life. This proves that we can't even have absolute custody of time, unlike Bitcoin.
Time is life. Time is the creator. Time is the first element of the universe. Time is God. Time is much more valuable than Bitcoin. But as money or property, time isn't as useful as bitcoin.
Time is the force behind Bitcoin. And Bitcoin is a need of time. Both Bitcoin and Time fulfill each other."
Another interesting answer I got was that time is not uniform, rather a fluid and subjective element:
"Time is a remarkably complex concept, its value and experience shifting dramatically depending on the context. Consider pregnancy: for a woman awaiting her child, nine months can feel like an eternity, each day marked by anticipation and change. This duration, while a fixed measurement, holds a profoundly different weight than, say, nine months spent on a routine task. Time, therefore, is not a uniform entity, but rather a fluid and subjective experience shaped by our circumstances and expectations."
Now I have no idea what to say after these 🫢😬
What is your take on time and bitcoin? Feel free to share your thought with us. 🙏
I never succeed in understanding time and bitcoin to their full extend, so I asked this question a few days ago, and one of my friends replied:
"Total supply of Bitcoin is limited. Bitcoin per person is known, and limited. Regular supply is also limited and pre-scheduled, pre-determined. Has the halving process, hence it's deflationary, and non-manipulative.
But there is no concept of total supply of time. Time per person is absolutely unknown. Regular supply is limited, pre-scheduled and pre-determined. But time doesn't have the halving process. Hence it's neither inflationary nor deflationary. It's also non-manipulative.
Still, we can't use time as currency. Why?
Cause we can't actually save it, although we claim to save time. It's not a good store of value. We can't store it for the future cause IT IS THE FUTURE.
Time is non-transferable, hence can't be used as a medium of exchange. You can't actually give or take time, although we claim to do so. We can only give or take permission to use more time, that too from our own life. This proves that we can't even have absolute custody of time, unlike Bitcoin.
Time is life. Time is the creator. Time is the first element of the universe. Time is God. Time is much more valuable than Bitcoin. But as money or property, time isn't as useful as bitcoin.
Time is the force behind Bitcoin. And Bitcoin is a need of time. Both Bitcoin and Time fulfill each other."
Another interesting answer I got was that time is not uniform, rather a fluid and subjective element:
"Time is a remarkably complex concept, its value and experience shifting dramatically depending on the context. Consider pregnancy: for a woman awaiting her child, nine months can feel like an eternity, each day marked by anticipation and change. This duration, while a fixed measurement, holds a profoundly different weight than, say, nine months spent on a routine task. Time, therefore, is not a uniform entity, but rather a fluid and subjective experience shaped by our circumstances and expectations."
Now I have no idea what to say after these 🫢😬
What is your take on time and bitcoin? Feel free to share your thought with us. 🙏