Something interesting George Gilder said during London conference I like to also share on Twetch. He said time is money and that real money remains scarce while everything else becomes abundant. This is really the characteristics of time.
Post by twetch#2336
Time is the ultimate currency of our life time. Everything we do requires us to spend a little bit of time. Time remains consistent and irreversible. Bitcoin inherits the same characteristics of time. Bitcoin remains scarce and irreversible too.
What the chain says
- Block
- 623 521
- Time
- 2020-02-24T21:33:50Z
- Signer
- 1QHzSpFswSaXcLRCTxmFfwnXFiorsLqV4
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2336
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1QHzSpFswSaXcLRCTxmFfwnXFiorsLqV4 VerifiedReplies (2)
A single Satoshi unit remains unchanged, it is fixed while everything else can change or become abundant. As to how much a single Sat can exchange for is based on market forces. Therefore, Bitcoin = Time, the ultimate currency.
That is the potential of Bitcoin. It has not yet achieved global use, but that's what Metanet is capable. At scale, everything we do requires us to expend a bit of Bitcoin like time itself that is irreversible. It's an Incredible invention by Satoshi.