Value What's Scarce

(Lesson 3 from Living Like Bitcoin: Life Lessons from a Revolutionary Technology. All 10 lessons available atOne of Bitcoin's fundamental features is its fixed supply cap of 21 million coins. This scarcity is further enforced by "halving events" – programmed moments when the rate of new Bitcoin creation is cut in half, occurring roughly every four years. This predictable scarcity stands in stark contrast to traditional currencies, which can be printed at will.

Just as Bitcoin becomes more valuable through halving events, we should regularly "halve" our commitment to things that don't truly matter. What would happen if you treated your time with the same reverence that true Bitcoiners treat their holdings?

Daily Practice: Set a simple timer for 21 minutes (a nod to Bitcoin's 21 million supply cap) of completely focused time on something that truly matters to you. No phones, no distractions. During this time, work on a meaningful project, connect with someone you care about, or develop a valuable skill.