In a very real sense, time is money. Like money, time can be invested to create something of value, and can be traded if the price is right. The inherent scarcity of time in life inspires us to use it efficiently because, if wasted, time cannot be artificially re-created.
A “currency” is a promissory note that is meant to be redeemable for some promised value – for a credible monetary asset. In the past that promise was gold.
No more are we as individuals left to the whims of powerful mega-corporation banks and governments to certify and facilitate value transfer. No longer must we abide by arbitrary distinctions like business hours, withdrawal limits, or borders drawn on a map.
"Despite its lack of physical state, it takes strong hands to hold bitcoins, and the only hands you should count on to ensure their security are your own." - Jesse Berger
