Our Approach
Executive Summary
As we delve into Bitcoin we continually encounter the question, "What is money?" We believe this will be a defining question of our time, as what seems to be a simple construct turns out to be one of the most significant tools for human civilization.
It is easy to recognize that our current state of human civilization does not represent the peak of human civilization, and in the process of creating new technologies, we are constantly finding new ways to push human civilization forward. How do we become more prosperous? How do we eliminate poverty? How do we create a better world for ourselves and for future generations? We must not be complacent, and we must maintain an open mind to new possibilities as we enter a paradigm shift that will change the course of human history.
It is the same story over and over again for the creative destruction process that occurs when a new technology displaces the old. “First, they ignore you, then they laugh at you, then they fight you, then you win.” - Mahatma Gandhi
Bitcoin is widely misunderstood by the masses, and at Bitcoin Prophets we uncover what Bitcoin actually is from a first principles perspective. Both my partner and I are only 23 years old, but it is during times of great change that a new mind is prized. We are free of the cognitive biases that have ingrained themselves into society's understanding of money, and Bitcoin has allowed us to see the truth behind all the lies.
We feel a responsibility to share our knowledge about this singularity and position our investors to not only take advantage of this shift but also protect them from Bitcoin’s unstoppable disruption. Naturally, everybody everywhere will gravitate towards the asset that stores their value the best. Bitcoin is here to stay and it is not a matter of if you adopt this new technology but when.
What is Money?
Money = Time
Time is humanity's ultimate scarcity because we are all guaranteed to die one day. There is always a valuable use of one's time and therefore, how we spend our time is the most sacred essence of what it means to be human.
Time and energy are the currency of the universe and money is the tool we use in order to store our time and energy for future consumption and leisure. In simple terms: Time + Energy = Money.
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"Man is subject to the passing of time. He comes into existence, grows, becomes old, and passes away. His time is scarce. He must economize it as he economizes other scarce factors" --- Ludwig von Mises
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Human action happens across time. All economic decisions happen across