With time, a seed becomes a tree, sheltering us
With time, a skill becomes a talent, empowering us
With time, a technology becomes a tool, enhancing us
By nature, time gives value to almost everything
Yet the very thing our society gives value to, our money, loses value over time
This paradox warps our reality by defying the laws of nature and it stems from the belief that...
NFTs were invented on Bitcoin (👉Colored Coins) to show non-fungibility & digital authenticity can be achieved
But few understand these traits are not enforced on decentralized-in-name-only platforms such as OpenSea 🤫
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Originality in the digital realm is hard to discern but this is exactly what NFTs are supposedly selling - verifiable, immutable, monetizable originality
Cool, but that sales pitch rests on the assumption that NFTs live on a platform that is secure & operationally sound, right?
It is easy to create a newer, shinier form of money with ever-changing governance. This has been done in the past. It is near impossible to create money with the immutability and fairness of the most valuable resource on Earth - "Time"
2/The process of Bitcoin resembles the process of time
Time moves the unknown future into a known past through a sense of “now.” Bitcoin moves unknown future transactions into a recorded past on the timechain through the action of timestamping in the present