1/ Everyone knows that time is money. In the digital realm, however, money is also intricately related to time. It has to be.
3/ The two basic forms of money are ledgers (made of information) and physical tokens (made of atoms). Physical tokens keep track of themselves. Ledgers need someone who is in charge.
12/ Thanks to everyone who helped with this piece: @Croesus_BTC, @FriarHass, @citizenbitcoin, @skwp, @joernroeder, @SwanBitcoin - and thanks to all my supporters. I wouldn't be able to do this without you.
4/ In the informational realm, only ledgers exist. And to make sure that transactions on a ledger are in order, a concept of time is required. In other words: Tokens are timeless, ledgers are not.