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PoW is the circadian clock of a monetary network.

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Nov 13, 2021.

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  1. Jack Kruse

    Jack Kruse Administrator

    How can we see the increased periodicity of the clock mechanism?

    Outcomes change.

    Bitcoin's daily transaction volume has only topped $30 billion on 4 days in Bitcoin history all of which occurred in the last 8 days. Probably nothing.

    [​IMG]
     
    caroline and ND Hauf like this.
  2. Jack Kruse

    Jack Kruse Administrator

    Bitcoin's mempool is also larger than it's been at any point in the last 5 months.

    [​IMG]
     
    ND Hauf likes this.
  3. Jack Kruse

    Jack Kruse Administrator

    JanSz likes this.
  4. Jack Kruse

    Jack Kruse Administrator

    Credit is the future tense of what money is today. Credit is how we borrow time from tomorrow today. When we borrow time it comes with a toll. That toll is leverage. We need to pay more in the future for the time we steal today from the future. Inflation is time theft. Credit to an excess always leads to inflation because of how credit links to time.

    If you think your future is going to be like your past, when you use credit in a wreckless fashion, you're doing life wrong because you are wasting your time.
     
    Laudy Cincotta and caroline like this.
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