Replying to Avatar Princeofsats

Another banger:

Just as a stock certificate is title to company property, money is title to human time. People sacrifice their time for money, expecting to trade that money in the future for the time sacrifices of others. When central(ized) banks breach trust by printing money – destroying the savings, and dignity, of the innocently trusting billions of people who had not exchanged their savings for a valuable hard asset – they steal time. Gruesome.

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Enronpaul 1y ago

Not to be too picky… but money is a store of value, not a store of time.

It’s not a title to human time, but it is a title to the value someone is willing to give in exchange for anything. Products, charitable pursuits, work, time spent, knowledge shared, etc.

Money allows us to exchange what I value for what others value indirectly and efficiently.

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Princeofsats 1y ago

Sure, I think your statement is also true. At the end of the day that “value” that we assign to monies can be interpreted in many forms. I love the analogy by nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m of #Bitcoin being “energy through time” with the ability of being able of “spending” that energy in the future with a higher value

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Enronpaul 1y ago

Yeah. As a student of the Austrian School, I tend to be very picky with exactly how I frame these things. I love the analogies that you’re mentioning as well.