The Ultimate Resource: Time The diffi­culty-adjust­ment is about keeping a constant time, not a constant level of security, diffi­culty, or energy expen­di­ture. This is ingenious because good money has to be costly in time, not energy. Linking money to energy alone is not suffi­cient to produce absolute scarcity since every improve­ment in energy gener­a­tion would allow us to create more money. Time is the only thing we will never be able to make more of. This makes Bitcoin the ultimate form of money because its issuance is directly linked to the ultimate resource of our universe: time - Gigi image
We are *here* in the perpetual bank-go-bust cycle. Except this time it will accelerate a monetary revolution and the world will converge around a new, better money. It may sound crazy, but I believe this calamity will be the last one before the age of prosperity is ushered in. God willing, Bitcoin breaks the wheel. image
A few more years of abstracting away complexities, educating the uneducated, and letting Bitcoin do its thing (preserving purchasing power) and mass adoption seems imminent — we have good reason to be optimistic for the future. The majority of individuals are moral people and will soon be able to live honest, meaningful, and prosperous lives. It’s an uphill battle to render the central banks obsolete, and every Bitcoiner is fighting the good fight. Every Satoshi stacked is a vote for a better future. We are all Sisyphus on the hill, and it’s a pleasure to be in such good company. Progress is made by laying one brick at a time — keep building. 🫡
High inflation and high unemployment — the Fed has failed to achieve its mandate. It’s time to consider an alternate solution or risk making a bad situation even worse. Predictable, transparent, sound money is the obvious cure to the cancer that is central banking.
Step 1: set a stacking goal Step 2: achieve the stacking goal Step 3: give yourself a pat on the back Step 4: set new stacking goal This applies to all of life’s ambitions. We are all Sisyphus on the hill. I’d like to believe that he was a happy man — one that knew his purpose, consistently demonstrated Proof-of-Work, and fulfilled his duty with laser-eyed focus.
“Every group who tried *insert bad idea* previously with disastrous results just did it wrong — this time will be different” This applies to fiat currencies, communism, capital controls, censorship, etc A dangerous mixture of ignorance and arrogance.
Fundamental shifts in quality of life are underway. The return of passion, exploration, morality, prosperity, abundance, and low time preference will be accelerated with inclusive sound money as the catalyst. Bullish on human potential.