This here is from a conversation from a good friend of mine that we had awhile back and I thought was explained very well on how the future looks like. One that is based on time value and energy rather than fiat credit based:
This will be hard for many to grasp because the root issue lies in how the monetary system and the dollar work. Once someone takes the time to truly understand this, they will see what others see—the root of many problems is money itself.
As to summarize what Jeff Snyder said The integrity of a society is proportional to the integrity of its money.
Bitcoiners often say, "Change the money, change the world." If you trace the root of all problems, you'll end up at money.
The current debt-based system is counter to human nature. It offers rewards before work, while it should be work first, then the reward—like the concept of "proof of work" in Bitcoin. We see this in nature, too. God worked for six days and then rested. But today, we want to rest first, then work, which leads to dependency and costs us more in the long run.
In today’s world, the focus is on who has the apples. If I don't have apples, I borrow them. With no effort, I can get a loan, but I end up paying more. We’re shifting to a world where it’s no longer about chasing apples, but about who has the apple trees. The value will come from the effort and time invested in growing those trees, and we’ll need to plant many to truly thrive. Humans are naturally efficient, but the debt-based monetary system has made us inefficient, more like animals chasing instant gratification.
In a debt-based system, value is subjective. In a sound monetary system, value becomes objective. When value is subjective, we try to gain it; when it’s objective, we try to give it.
Think about the most valuable thing you own—probably your phone. It makes your life more efficient—pictures, GPS, booking flights, renting cars, buying online, and even this conversation. But what makes your phone valuable? It’s not just the device; it’s the electricity and computing power that back it.
Similarly, Bitcoin is backed by computing power and sustained by the energy of the network. Under a Bitcoin standard, energy becomes money. Today, people save dollars; in the future, people will save energy.
Here’s a real-world example: my parent's house in cost 28 bitcoins in 2020. Today, it costs 7 bitcoins. Imagine what it will cost in four years. Why buy now, when in the future, I could potentially afford more house with less Bitcoin? This changes how people think about purchases across the board.
Bitcoin's value will shift how we trade, and people will only want the best products. Middlemen will disappear because they add inefficiency. Stealing won’t make sense either, because a stolen item might be worth more now, but a legitimate item could cost less in the future. People will wait for better value, and time will become a new commodity.
In short, Bitcoin offers a way to "buy time" in a way that sounds crazy now, but could soon become a reality.