Money is worthless if it doesn’t represent true time and energy.
You can only deceive people for so long.
Money is worthless if it doesn’t represent true time and energy.
You can only deceive people for so long.
#bitcoin is the only true representation of both!
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.
Read through to the end, then puked in my mouth a little at ‘vegan cheese’. What even is that?