Thread by @0xStef

1/ Proof of Time⏳

Each day our individual hourglasses get emptied a little more. Time is really scarce for all of us so when one engages in a long-term commitment, it proves how much one values someone or something.

When in doubt, ask how much future time one has in the game.

https://twitter.com/0xStef/status/1434212102084956160

2/ Even better than asking, use on-chain data! With ZKP tech, one could justify how much skin they have in the game w/o revealing all the details like proving a rough weighted average duration or league.

A verifiable statement could look like this:
"10+ years OG turtle".

❤️🐢

3/ Now, imagine a very exclusive #ProofOfTime party 🥳 only accessible to 10+ years stakers (turtles or above). No ticket or ID at the entrance, just the ability to show a recently signed on-chain statement proving a couple of attributes w/o doxxing oneself.

4/ I like partying with like-minded people and I can clearly foresee the many upcoming opportunities reserved for people that have a decent future time in the game.

Sorry, 30 days dolphins and sharks.

https://twitter.com/naval/status/1109704032204009473

5/ Now, imagine a smart contract that lends out based on how much of one increases their average duration: "5+ years stakers who kept increasing their average duration regularly for a year get a discounted rate on new & existing loans.

#TrueDefi

6/ Now, imagine someone creates a lottery based on an auto-rolling monthly stake whose yield would be gifted to a few lucky users above the global average duration.

#jackpot

7/ Now, imagine a multi-sig time-locked escrow that further secures any off-chain agreements. The escrowed asset (if growing) would create incentivize all parties involved to deeply respect the agreement and foster the underlying relationship.

#OnChainRings #TiedToMyAss

8/ Long-staking (saving) an asset not only proves that ones clearly values it. It also frees up time for the things that matter the most in life.

Delaying gratification is key to earning your future.

#PoT #ProofOfTime

https://twitter.com/0xStef/status/1530484290987114496