Bitcoin Is Protection From Time Theft – Bitcoin Magazine
, 2022-11-20 22:00:00,
This is an opinion editorial by Dustin Lamblin, a portfolio manager and AI quantitative researcher.
When people work, they trade their personal time on Earth in exchange for money. As the old adage goes, “Time is money.” When people lose control over their money, they give up their most precious resource they have in their limited time on Earth: the control of their time and thus, their freedom. Unfortunately, this nightmare is a reality for billions of people around the world. People get robbed of different forms of their hard-earned savings everyday. It can happen during wars or under authoritarian regimes, but sometimes it can even be as subtle as the passing of time with the insidious form of wealth erosion that we commonly call inflation.
The invasion of Ukraine has reminded us how fragile life is and how everything can be taken from us in the blink of an eye. In life, nothing can be taken for granted: freedom, sovereignty, money. Between the war in Ukraine, rampant inflation all over the world, increasing measures from authoritarian regimes, it is worth shedding a light on the humanitarian benefits of Bitcoin and how Bitcoin is becoming a lifeline for many. In this world where so many things are outside of our control, we still have the freedom to choose how to respond to it. Bitcoin can offer economic freedom. For skeptics, I hope to challenge your current beliefs and show you another side of the story, far away from the Ponzi scheme and speculation that…
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