Bitcoin and the Tyranny of Time Scarcity (Part 11)
Economics is the art of cooperation and competition aimed at conquering scarcity.
Breaking the Chains
Bitcoin belongs in a certain class of momentous innovations — like antiseptics, electricity, or the internet — that either extend our lifespans individually or enhance our productivity and, therefore, our time savings collectively. These innovations expand our relationship with time in one or more ways: extending life expectancies, lowering time preferences, or enhancing productivity. Bitcoin promises to contribute to all three by being the best self-sovereign savings technology in history: reducing death tolls and capital destruction from warfare by financially starving governments, incentivizing savings and investment in innovation, and accelerating our productivity gains by reducing artificial and arbitrary trade frictions.
*Ledn has recently launched a Bitcoin-based home mortgage product. Now you can buy your dream home without selling your Bitcoin!
Sign up with Ledn to get started today: https://mortgage.ledn.io/
Bitcoin has the potential to bend the grand arc of human history back towards a free market paradigm. Bitcoin is doing this in the market for money, and its underlying technology may one day be applied to other markets like equities, bonds, and real estate. Going forward, Bitcoin promises to further liberate us from the clutches of time scarcity, eliminate time theft via inflation, reinvigorate individual sovereignty, and, as a cumulative result, radically increase social scalability worldwide. As Alfred North Whitehead said:
“It is a profoundly erroneous truism repeated by all copy-books and by eminent people when they’re making speeches, that we should cultivate the habit of thinking about what we’re doing. The precise opposite is the case. Civilization advances by extending the number of important operations which we can perform without thinking about them.”
*Join me at the biggest event of the year, Bitcoin 2022. See below for 10% discount on tickets*
“Bitcoin 2022 Conference is the biggest gathering of the Bitcoin ecosystem in the world. Join me and the movers and shakers shaping the Bitcoin future next April 6-9th in Miami Florida for Bitcoin 2022 Conference.”
Paying with Fiat? 10% Affiliate link: http://tixr.com/pr/robertbreedlove/26217
Paying with Bitcoin? Use promo code: BREEDLOVE.
As we continue our endless contentions with time scarcity, government-authorized money monopolies remain a scourge on our humanity. Central banking, an institution of monetary socialism and systemized time theft, has repeatedly wounded our individual sovereignty, time preferences, and freedoms throughout history. We mortals must break the shackles of this oppressive institution and focus our energies on innovating against time scarcity — the immortal tyrant. In doing so, we will create a world in which our children, their children, and all future generations are born able to live totally self-sovereign lives — forever free from the chains of governmental tyranny.
Thank you for reading Bitcoin and the Tyranny of Time Scarcity (Part 11).
PODCAST
SOCIAL
SUPPORT
Send Bitcoin to my PayNymID: +tightking693
RECOMMENDED BUSINESSES
Automatically buy and withdraw Bitcoin ($10 in free Bitcoin here)
Join Me at the Bitcoin 2022 Conference in Miami, FL (Code: BREEDLOVE)
Home Delivered Organic Grass-Fed Beef (Discount Code: BREEDLOVE22)
Bitcoin-based home mortgages with Ledn: A better home for your Bitcoin
If you’ve found my work to be valuable, please join our private telegram group: