Farley on Nostr: Time is most valuable in the present. Bitcoin has taught me the true meaning of ...
Time is most valuable in the present. Bitcoin has taught me the true meaning of scarcity, emphasizing its role as a 'timechain,' as Satoshi referred to it. Energy stored in the present becomes exceedingly valuable in the future where true scarcity exists, and this scarcity serves as a medium of exchange.
Consider the example of the infamous 10,000 bitcoins used to buy two pizzas years ago, which could now purchase an entire pizza chain. This underscores how the issuance of bitcoins through mining, with more coins mined in the past than today or in the future, reinforces their scarcity over time.
In essence, Bitcoin illuminates the critical balance between the present, past, and future, illustrating the profound value of time and energy in the evolving landscape of finance and economics.
Published at
2024-06-28 03:34:24Event JSON
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"content": "Time is most valuable in the present. Bitcoin has taught me the true meaning of scarcity, emphasizing its role as a 'timechain,' as Satoshi referred to it. Energy stored in the present becomes exceedingly valuable in the future where true scarcity exists, and this scarcity serves as a medium of exchange.\n\nConsider the example of the infamous 10,000 bitcoins used to buy two pizzas years ago, which could now purchase an entire pizza chain. This underscores how the issuance of bitcoins through mining, with more coins mined in the past than today or in the future, reinforces their scarcity over time.\n\nIn essence, Bitcoin illuminates the critical balance between the present, past, and future, illustrating the profound value of time and energy in the evolving landscape of finance and economics.",
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