Time Thieves
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BTC: Time, Money, Truth Welcome to the Financial Performer! Bitcoin and crypto made easy without sacrificing substance. Today we begin our 3 part series BTC: Time, Money, Truth. Part 1: Time ThievesTime waits for no man. On Monday January 20th, as laid out in the Constitution, at precisely 12:00 PM EST - or bitcoin block 880,081 - an ancient ritual of power will take place in Washington. Donald Trump will lay his left hand on the Bible as he is sworn in as the first Bitcoin President. While Trump enters the history books as the 47th president of the republic, the Bitcoin blockchain will record its own record of time just as it has for the last 15 years, block by block, every 10 minutes in its own perfect rhythm. At the time of writing this article the block height is currently 879, 818. You're probably thinking dang, I didn't know Bitcoin was a clock! But it is. Because Bitcoin isn't just money - Bitcoin is time. And it makes perfect sense when you remember that… We sell our most precious resource. We give our time to get money, and then we spend that money to buy other people’s time. Want to build a house? You could spend years doing it yourself, or pay a professional to do it in months. Money buys us time. Ever found an incredibly cheap flight, only then to discover it comes with 2 layovers and an extra 16 hours of transit? That’s a lot of time isn’t it. Want to spend less time travelling? Spend more money! Pay more to ‘save time.' The Federal Reserve isn't just printing money - they're stealing time itself. They give themselves more money and time by taking it from you. When you trade precious hours of your life for money that's secretly evaporating, you're being robbed of the one thing you can never get back: time itself. Bitcoin's Unstoppable ClockThey cheat the clock because nobody’s watching. Bitcoin fixes this. While humans play with time, springing forward and falling back through the headache known as ‘daylight savings,’ Bitcoin continues on un-phased with its own elegant and precise clock - no manipulation, unstoppable. Every 10 minutes, a new block added to the chain. No Federal Reserve chairman can speed it up, no banker can slow it down. No one can pencil extra time or money into the books- at your expense. For the first time in history, we have money that measures time as precisely as it stores value. In the time it has taken me to write this article, 11 new blocks have been added to the blockchain, on average one every 10 minutes - block 879,818 to block 879,829. No bankers involved, no special committees needed. Written in Digital StoneBitcoin doesn’t only tell time- it records history too. In October 2016, after Julian Assange's internet was cut off at the Ecuadorian Embassy, the world held its breath. The WikiLeaks founder had exposed corrupt governments and made powerful enemies. Now, with his internet access severed and rumours of his death spreading like wildfire, supporters feared the worst. How do you prove you're alive when no one trusts the media? The blockchain. On November 20th, 2016 at 5:01 pm GMT, Bitcoin block 439,845 answered that question. Through a series of small transactions from the WikiLeaks wallet, Assange encoded a message into the blockchain: While Assange turned to the blockchain in a time of crisis, others have used it to celebrate momentous occasions. In 2020 at the height of the pandemic, Redditor ‘tookdrums’ celebrated the miracle of life by transcribing the birth of his son onto the immutable blockchain. A sort of birth certificate hash, he created a digital time capsule. Unlike a paper record that could be lost or destroyed, this timestamp will exist as long as Bitcoin does. “Op_Return: j10/-Hello Noah! Welcome to the world little one.-/“ Perhaps the most famous historical event etched forever into the blockchain is Satoshi's own message to the world written into the genesis block of bitcoin. On January 3rd 2009, 6:15 pm GMT, Bitcoin block 0, Satoshi marked Bitcoin's birth with words that would echo down through time: 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.' A timestamp marking both the birth of Bitcoin and the failure of the corrupt system it would soon challenge. Bankers were again doing what they do best - looting our national treasuries - but Satoshi gave the world something better: a way to measure time and value that no one could cheat. Time had found a guardian that couldn't be bought. The Bottom Line
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