Read now to learn how Bitcoin is the best way to store the value of one's time.
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It’s said that the primary reason why some people don’t engage with Bitcoin is because they don’t understand why it’s necessary. Learning to fully use Bitcoin is quite a journey, so it makes sense that someone won’t bother to take the first step if they don’t think it’s worth it.
No money in history has ever been quite as powerful as Bitcoin. It is the only money that allows users to attain complete self-sovereignty and keep it. In a world where governments want to eliminate our financial freedom, Bitcoin is an absolute necessity.
My goal in today’s discussion is to help you understand why.
Time Is Money? No, Money Is Time
Money is one of the most important inventions in all of human history. It allows us to buy the goods and services we need to survive on a daily basis, and high quality money allows us to save up for difficult days ahead.
But money is important not just for the purchases it enables. Money is important because it is a literal representation of our time.
The concept of money as time is probably not something that most people are familiar with. But think about it: the value backing your money is everywhere and always created through the expenditure of time, either your own or someone else’s. Don’t believe me? Let’s look at some examples:
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The money in your paycheck represents the time you spent at your job or building your business.
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The money you earn in the form of interest, dividends, or other investment returns represents the time businesses and people spent creating value for themselves and for you.
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Even the money that gamblers or lottery winners get represents the time that every other participant decided to exchange for their miniscule chance at winning.
Long story short, there’s no such thing as free money. Ever.
The Government And Its Money Printer
There’s another reason why most people don’t think of money as time: the governments of the world seem to create money at will. They pass spending plans amounting to billions or trillions of dollars, then carry out their plans while promising in many cases to not raise taxes on their citizenry. How do they do it?
They do it through theft.
Governments around the world may be able to print their own money, but they can’t print time. The most that they can do is redistribute the value of the time that their citizens have already spent to earn the money that existed before the government went on its printing spree. And if the value of your money is “redistributed” without you having the ability to say no, then that’s theft, no matter who the perpetrator is.
Fiat money, and indeed any money at all that can be centralized, allows for the literal theft of the time that users choose to store in that money. And for millennia, there wasn’t any way to opt out of using such barbaric monies.
Bitcoin Is The Epitome Of Stored Time
Bitcoin is the only money in the world capable of endlessly and completely storing the value of the time you spent earning it. Why, you ask?
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If you custody your own Bitcoin and protect it well, it can’t be stolen from you.
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Bitcoin is immune to inflation because there is no way to print more. There are 21 million Bitcoin, today and forever.
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Bitcoin is the only truly decentralized monetary network in the world. No person, company, or government is capable of forcing their will onto the Bitcoin network.
Time is the most limited resource humans have. We’re given the time we get, and not a second more. So we desperately need money that perfectly protects the value of the priceless time we’ve spent on Earth.
We desperately need Bitcoin.
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What I’m Shilling
In my new book, The Ultimate Pocket Bitcoin Glossary, I walk you through 30 of the most important terms you need to understand in order to get ahead in your Bitcoin journey. My hope is that it can be used to educate yourself about Bitcoin and as a quick reference when you’re trying to help others understand why you’ve chosen to purse a passion for Bitcoin.
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This is not financial or business advice. This newsletter and related content are for informational purposes only. Cryptocurrencies and digital assets can be risky. Always do your own research before making any sort of investment.
