You have a limited lifespan. The moment you are born to the moment you die. A limited and countable number of days and hours. This time is the scarcest and thus the most valuable thing you will ever have. A thread on #bitcoin, life and time.
Every passing minute, every passing second takes away a bit from the whole, leaving every remaining second even more valuable. Time keeps on passing with or without you acknowledging, exponentially increasing the value of every day, every second you are left with to live.
Every new morning is exponentially more valuable than the last.
Now take break, look at where you are right now. The present moment, this very second is the most valuable second you have ever had, exponentially more valuable than any time in your life until now. Look around, look at yourself, ask what have you traded this time for?
Knowing this, become aware that all your life you have been trading. Trading the most valuable, scarcest resource for fulfilling your desires. All your decisions are but a trade in time.
Most of the humanity chooses some form of good, called money, to store the time they spent generating time efficiency (value) for others. You trade your working hours for money, saving it, expecting it to hold the value of your time into the future.
With that foundation, here's a thought experiment. My mother spent her whole life teaching bio to students. She was paid $8/m at the start of her career in 1980s. She traded 10hr/day for a month in exchange for $8. At her retirement she was paid ~$1000/m for almost the same job.
The 8$ she was paid for a month is not even worth a day’s expense today. Where did her time go?
Isn’t 30 days of her life then(1980s) = 30 days of her life now? No really think hard about it, think to the seconds that passed in that month and the seconds that tick off her life now, count them. I bet they would be the same. Can those $8 give her those days back?
And if you really understand the point explained above, you’ll see that 30 days of her life time then (if stored) should have been exponentially more valuable today because of the number of days she is left with in her life now.
So, what happened? She’s was ignorant of the importance of scarcity. Unaware of the fact that for a good to act a store of value, it needs to reflect the scarcity of the very thing whose value it is expected to store.
She traded her time (the scarcest good) for a good that was marketed to her as a store for value but was being produced in large quantities ($).
The easy printing of money diluted her life savings and robbed her of her own life. I’d not disagree that she was a bad trader and could have traded the fiat for something scarcer. But hey apparently the schools even today don’t teach monetary history and markets.
This still goes on today. You will be robbed off your life. Don’t make the same mistake your parents made. Understand the value of your present moment, invest it properly(it is the most valuable thing you’ll ever have).
So, what should you do?
Understand scarcity. Study money. Learn the difference between hard and easy money. Also learn about #bitcoin, it is the scarcest good that is closest in reflecting the scarcity of your time. Read @saifedean’s bitcoin standard.
@saifedean Follow @dergigi @Breedlove22 @bquittem @CitizenBitcoin @stephanlivera @heavilyarmedc @mrcoolbp @MartyBent @ManuelPolavieja @knutsvanholm @TheCryptoconomy @RawBTC @johnkvallis @matt_odell who inspired me to write this thread.
@saifedean @dergigi @Breedlove22 @bquittem @CitizenBitcoin @stephanlivera @heavilyarmedc @mrcoolbp @MartyBent @ManuelPolavieja @knutsvanholm @TheCryptoconomy @RawBTC @johnkvallis @matt_odell Ask questions and don’t waste your life.
