1/ Everyone knows that time is money. In the digital realm, however, money is also intricately related to time. It has to be.
5/ A decentralized system can't rely on our human concept of time. A trustless, non-local time is required. Trustless, because we must not introduce a third party. Non-local because we don't have the luxury of a central frame of reference.
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.
@dergigi very insightful. A trust minimized globally accessible clock is incredibly valuable. It allows us to measure value.
Bitcoin Maston Instance