Redefining Money! Crypto Vs Fiat Energy, Time, and Value

Disclaimer: I used GPT-3.5 to rewrite this article from a scattered post I was about to share, with the original post at the bottom

In the ongoing debate about Bitcoin's role as a remedy for the pitfalls of fiat currencies, one fundamental question often remains overlooked: What exactly constitutes the essence of money? Is it merely a vessel for storing and exchanging value, or does it hold a deeper significance tied to the concepts of energy and time?

At its core, money is a representation of human effort and productivity, encapsulating both the energy expended in its creation and the time required to amass it. But as traditional currencies falter under the weight of inflation and government manipulation, the search for a more stable alternative becomes increasingly urgent.

Bitcoin emerges as a contender in this quest, hailed for its ability to preserve and represent energy in a decentralized manner. Yet, despite its revolutionary potential, it raises poignant questions about the nature of value and the sustainability of a currency based on finite resources.

Consider the concept of time as currency, as depicted in speculative fiction such as the movie "In Time." In this dystopian vision, time becomes the ultimate measure of wealth, highlighting the finite nature of human existence and the inherent value of each moment spent.

But how do we reconcile the inequalities inherent in such a system? If time is indeed the universal currency, how do we ensure equitable distribution among individuals with varying abilities and opportunities?

Furthermore, the erosion of value caused by inflation underscores the need for a currency immune to manipulation and decay. Could a singular, universally accepted currency, generated solely through individual effort and untainted by governmental influence, provide a viable solution?

However, the implementation of such a system raises complex socio-economic questions. Would disparities in labor value between regions necessitate intervention? How would excess production be managed in a world driven not by profit, but by equitable exchange?

Moreover, the very essence of money as a medium of exchange begs reconsideration. As it evolves from a means of facilitating transactions to a commodity in its own right, we are compelled to seek a more suitable medium—one that transcends the limitations of finite resources and perpetual growth.

In the pursuit of a more equitable and sustainable economic paradigm, perhaps the answer lies not in preserving the status quo, but in reimagining the very foundation of value itself.

As we grapple with these profound questions, one thing remains certain: the quest for the perfect medium of exchange is not merely an economic endeavor, but a philosophical inquiry into the nature of wealth, time, and human endeavor.

Original post

"I have been watching that argument about how bitcoin is a Money fix aside from value draining fiat currencies.

I can understand the argument of how bitcoin preserves and represent energy and how inefficient and almost impossible for some state to try controlling it yet.

as much as I really get the argument and how solid they are, a fundamental issue I can't really grasp is how money was created and what are we really billing up ?

is it the energy or time ?

money is a way to store and exchange energy or time ?

abstracting it to energy is quite an interesting approach , petrodollar ? long shot , I don't really know why we would make this relationship , if energy is infinite in terms of quantity I can't see how any "money" representing energy can escape inflation or become finite and whether money needs to be or must be finite !

i can get that people gave and stored value in a finite matter like gold or metals for so long , that with time we have it as s rule that money should be finite and value must only go up ..

Is energy that bitcoin holds, requires and represent finite ? Is Bitcoin the fix money is waiting for?

bitcoin if replaced gold or any finite resource won't solve the problem of the world still I believe , bitcoin will compete as a new asset class and best case scenario it will compete with gold , you can see how it lacks the money that this world has been addicted to , ever growing ...

I'm really fascinated with the concept in time movie has put on screen , that there are no currencies or coins , time the finite yet can be created is the only currency ,

I'm not really getting the forever young thing but time and time keeper all makes sense

people spend time of their finite lives and in exchange they need to take compensation acceptable by other people in exchange for whatever they would like to have and consume , problem with fiat currencies and the whole political system is that the value of compensation is getting discounted by the continuous expenditure from governments in form of inflation!

inflation is not the right word , I guess it's another form of taxation

a new , acceptable money should needs to be accepted by the people , created by their effort and never taxed ,

I guess it can only work if there's only one currency , that governments needs to work for the same as people

just one currency that no one controls , yet it can be generated just by time , thing is ... people's time are not equal ... how to solve that ? who would be the controller of who gets what ? would people bend arms to get too much of it , if we let to the people to choose, a god would put the compensation needed, would a worker in usa take as much as a worker in mexico doing the same job ? will we need interest rate ? how can we manage the excess in production ? would there be excess in production ? what would incentivize people to do more ? would we need to do more ? would the world be a better place if we stopped our quest for more money that gets a hair cut every year ?

it's the right thing I guess that money needs to decay and dissolve... you can't preserve anything at its original form factor.... money is a medium of exchanging goods and services yet this medium itself became a good!

what's the right medium ?"