Thread by @swifteagle8

What is the most scarce asset?

Time.

How valuable is it?

Ask yourself this question: Warren Buffet is 88 and worth $84 billion, would you trade lives with him?

I’m in my early 30’s and would not.

Therefore, I value a year of time at more than $1bn.

We convert time into money through work.

Money = stored time.

We trade our most scarce asset for something less scarce.

Scarcity can be measured through stock to flow ratio (inverse of inflation)

USD: 20:1
Gold: 50:1
Bitcoin: ~25:1 but trending towards infinite

For the first time ever, there is a money whose scarcity will equal that of time.

I believe people will eventually realize the importance of this and start storing their time in bitcoin.

If not, you give government the ability to steal your most scarce asset

#stackingsats

I never thought this would get attention as I don’t have a lot of followers and rarely tweet.

@misir_mahmudov has expounded on this thought before, in much more depth. H/t to him.

The book the Bitcoin Standard also talks about this and much more - page 197-198.