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@ PDJ
2025-04-27 00:23:13
I just sketched this at a bar. The takeaway is that there is no monetary premium to be gained above time and sustenance now.
All monetary premium eventually moves into commodities that execute these primary utilities (and therefore the Bitcoin circular economy).
It’s a breakthrough for me in trying to explain Bitcoin through the lens of a commodity.
Monetary premiums for commodities are inefficient and therefore lose their monetary premiums over time when a commodity emerges that actually preserves time.
https://m.primal.net/Qefw.jpg