1. Value is subjective between two parties in a transaction.

2. The only way to compare subjective value is through ordinal comparison (I value A more than B but less than C).

3. The time and energy spent to obtain or creat an asset provides it with a sorta base level of intrinsic value. This helps to set a baseline for ordinal comparison.

4. Money is an attempt to quantify and represent value for comparison by providing a common denominator.

5. If baseline intrinsic value is priced in time/energy, wouldn't it make sense to also price money (the measure of value) in time/energy?

6. Bitcoin is energy money.