All Episodes
Browse the full archive of The Path to Bitcoin podcast

Episode #189 – Gabriel’s Horn: The Shape of Everything
In 1641, Evangelista Torricelli, a student of Galileo, rotated the curve y = 1/x around the horizontal axis and obtained...

Episode #188 – The Exhaust Principle
In 1973, Jacob Bekenstein showed that a black hole’s entropy is proportional to its surface area. The result has been...

Episode #187 – The Shannon Trap
In 1948 Claude Shannon formalised information theory by excluding meaning from the math, a move that was correct for his...

Episode #186 – The Anti-Demon
Bitcoin as Anti-Demon: proof of work pays thermodynamic cost upfront, produces durable knowledge, and inverts Maxwell’s century-old paradox. K=IC² explained.

Episode #185 – ABS Ratings = Milkshake NGU
Episode #185 | Published February 26, 2026 A lender took a pool of bitcoin-collateralized loans, packaged the pool into an...

Episode #184 – On the Same Page
Two independent research teams arrive at the same conclusion: Bitcoin blocks are quantized time. How K=IC2 reframes the bitcoin thesis...

Episode #183 – Capital in the 22nd Century
A response to the paper Capital in the 22nd Century. The paper argues AI will create permanent techno-feudalism. Its starting...

Episode #182 – Kabuki Theatre
The financial system is Kabuki Theater. AI content floods the internet while nobody can tell real from fake. Bitcoin bridges...

Episode #181 – Fermi’s Folly
Episode 181 reframes Fermi's Paradox through information theory, constraint quality, and the bitcoin thesis in an age of synthetic abundance.

Episode #180 – Gradients Are Everywhere
This episode explains how monetary gradients drive capital from trust-heavy systems toward verification-heavy systems, reinforcing the long-term bitcoin thesis.


