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The Monetary Spectrum:
-“Pure” monetary: Paying wages in BTC, pricing in sats.
-PARA-monetary: Things that make monetary exchange enforceable: timestamping deeds, court evidence, escrow proofs.
-Fringe/non-monetary (but seemingly sticky): cultural inscriptions, memes, art, collectibles.
The **para-monetary layer** is especially important because it shows Bitcoin can secure economic truth beyond just balances. That’s arguably more monetary than people realize.
If I timestamp my house deed on Bitcoin, I’ve just created a globally portable, censorship-resistant **financial primitive**. That’s directly useful in an exchange economy.
If two international firms anchor their contract hash to Bitcoin, that’s reducing counterparty risk and improving trust… which lowers friction in monetary transactions.
Time-stamping is not a toy add-on. It’s expanding Bitcoin’s monetary surface area into domains where fiat/legal systems struggle.
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Replies (4)
I think miners become timestamp clearing houses using eHash and eCash.
Now that’s interesting…
How about batching mass Nostr event timestamp merkle roots using OTS? No more “trust me bro” timestamps, enabling security and features we previously thought impossible… a man can dream.
I already OTS notes using Amethyst client. So yes. That too
If it was a defacto standard we’d unlock A LOT of features only previously possible on centralized social media