“Bitcoin creates its own clock of which the blocks are the ticks. The block separates the past from the future: there is causation before, we knew exactly what happened to get to the current state, and unpredictability after, we don't know what the next block's transactions or nonce will be.”
“This is not a one time arrangement you solve once and never worry about again. Every day that you hodl, you're confirming to every other participant on the network, which at this point covers the entire world, that you have contributed but you will not take what is rightfully yours. You are betting that the future is going to be more efficient than the present.”
Ordinals, inscriptions and the fee spike they caused are one more attack that proves Bitcoin's antifragility. Rising fees are the market correctly pricing scarce block…
Bitcoin has made doing nothing, keeping your private key secret and holding, the highest-probability route in history to controlling vast amounts of energy, because it…
Bitcoin is the hardest-to-vary information ever created, which makes it knowledge in David Deutsch's sense: information with causal power. It's the first monetary…
Bitcoin is a physically anchored compression engine that filters global economic activity into small, verifiable blocks. It learns the way any intelligent system learns,…
P versus NP is the unproven conjecture that finding solutions is genuinely harder than checking them. The same cost asymmetry runs through every act of knowledge…
There is no confusion. There is no maybe this happened, maybe that happened. It's either there or it's not, and if it is there then it's not somewhere else.
Ep 129 · 04:03
The proof of work function does more than secure transactions. It encodes irreversibility into the fabric of economic memory. It transforms computation into finality.
Ep 157 · 32:00
Every block that enters the chain becomes a decision. That decision is paid for, not granted. It is embedded in a structure that survives scrutiny, because it does not require belief.
Ep 158 · 05:38