2024-12-17 19:24:54
*Originally written in October 2022 (Block: 757258 / USD: $20.1k / SatsDollar: 4961). Refined with slight edits for publishing on Nostr in December 2024 (Block: 875189 / USD: $106k / SatsDollar: 938 ). Banner image property of Hes. My journey down the rabbit hole has only intensified since the time of writing. Enjoy.*
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The Bitcoin time perspective is wild. Reflecting on it has been profoundly eye-opening, and once it has been seen— there is no returning to our prior ways.
Ever since venturing down the rabbit hole that we call Bitcoin, I’ve started making significant life decisions and forming nuanced opinions on polarizing topics based on the implications of multi-generational timeframes. Before Bitcoin, I spent money recklessly, leading a fast-paced and impulsive lifestyle. Even in my early days of learning about Bitcoin, I hadn’t fully seen the light. I would still blow the occasional $500 bar tab or buy some flashy gadget I didn’t need. Living in the moment has its merits, but so does considering the time beyond our own lives. Now, I pause before purchases and decisions, always reflecting on how they might impact the future.
When your money isn’t constantly being devalued before your eyes, you start seeing the world differently. You begin saving for the future with confidence, knowing that no central authority can endlessly print away your hard-earned time and energy. Inflation doesn’t just erode purchasing power; it steals time. It destroys the hours, days, and years of effort represented by a lifetime of savings. When governments print money to prop up failing banks or fund inefficient ventures, the impact ripples through generations. Those at the bottom of the ladder are hit the hardest, their ability to save and plan for the future undermined by forces beyond their control. Decisions become focused on surviving today instead of thriving tomorrow, leaving little room to consider the long-term implications of our choices. This system creates a mindset where we are incentivized to spend now, instead of save for later—an unnatural phenomenon that most of us have accepted as normal.
For individuals who simply want to put away money for a rainy day, inflation is a relentless adversary. A dollar in 1900 has lost over 96% of its value. The countless hours of labor behind those savings have been stolen. Not only did the expansion of money destroy what they could buy, it stole our time and energy. Years of our lives—blood, sweat, and tears—washed away.
This isn’t just a historical problem—it’s a recurring one that occurs every decade or so and is accelerating. At an average inflation rate of 3%, the value of cash halves roughly every 23 years. This means that even modest inflation rates gradually diminish purchasing power over time, forcing individuals to chase speculative assets like stocks, real estate, and gold—not because they want to, but because they have no choice. Personal inflation rates differ depending on consumer habits, but a glance at rising prices reveals they often outpace the 2% annual rate reported by the government, which poses a significant problem for individua;s, as highlighted in the table below:
<aside>
**Inflation Rate (%)** | **Purchasing Power Halving (Years)**
- 2% | 35-40 years
- 3% | 20-25 years
- 4% | 15-20 years
- 5% | 10-15 years
- 6% | 7-12 years
- 7% | 5-10 years
- 8% | 4-8 years
- 9% | 3-6 years
- 10% | 2-5 years
</aside>
Corporations like McDonald’s understand this. Sitting on a prime corner lot in every major city is far smarter than stacking a pile of cash losing value. Even if the franchise is losing money, the building it operates in is guaranteed to “rise” in value over time. This mindset trickles down to everyday people. To protect themselves, they’re compelled to invest in assets—with real estate being the pinnacle savings instrument of our time. The financial system we’ve accepted as normal turns shelter into an investment vehicle and savings into a gamble.
But here’s the irony: real estate is a lousy store of value—which is what we are all truly seeking. Properties require constant maintenance. Without care, assets deteriorate. We’ve all seen abandoned theme parks and overgrown cities. We’ve all dealt with broken pipes and creaky floorboards. Why should saving our hard-earned wealth require us to become housing market experts, landlords, or property managers? Why should we pay financial advisors to manage stock portfolios full of companies whose values or practices we might not even believe in, just to beat inflation?
A flawed monetary system inflates bubbles in real estate and stocks, redirecting resources into speculative markets instead of productive investments. Imagine a world where people don’t have to read quarterly earnings reports after a long day of work to ensure their cash retains value. If the incentives driving these bubbles were removed, the financial landscape would dramatically shift. Inflation wouldn’t push people into markets like real estate or zombie companies; instead, they could focus on building or supporting businesses they genuinely care about. They could plan for the long term and make well-thought-out, rational decisions about their future.
Bitcoin takes this entire dynamic and flips it on its head. It isn’t a tool for speculation as often misunderstood. It is the best form of saving humanity has ever seen. Unlike fiat currencies, Bitcoin’s fixed supply ensures scarcity, making it a refuge from the erosion of wealth caused by inflation. As weak currencies flow into stronger ones (a concept known as Gresham’s Law), Bitcoin’s role as a store of value becomes clearer. It’s not that Bitcoin has “gone up 19,000%”—it’s that people are exchanging weaker money for stronger money.
The implications of a world on a Bitcoin standard extend far beyond monetary policy. It offers something unprecedented: a tool for transferring the value of labor and energy across time and space. Unlike fiat, Bitcoin allows time to be preserved across generations. It isn’t just a hedge against inflation—it reintroduces the idea of saving with confidence, of being able to store wealth in a form of money that cannot be manipulated or devalued.
By saving in Bitcoin, individuals are no longer tethered to the uncertainties of fiat systems. The Bitcoin time perspective is about aligning our actions today with the future we want to build tomorrow. It’s about prioritizing long-term impact over short-term gains. When you embrace Bitcoin, you embrace a mindset that values time, energy, and the well-being of future generations. It’s not just a currency; it’s a revolution in thinking that will change you forever. The past, present, and future converge in this new paradigm, offering hope in an otherwise uncertain world.
Bitcoin isn’t a bubble; it’s a beacon.
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