Replying to RajatSoniFinance

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
c8
Philalethes 10mo ago

100% agree.

Scarce Human time + unlimited supply of atoms to rearrange = things valued by humans

BTC is the only ledger in existence capable of abstracting a relative quantity of value into pure information with high fidelity because it is the only one which shares the essential feature of human time: absolute scarcity.

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