“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.”
“Once your actions are committed to that block, it removes all the future possibilities had you not committed to that particular block. Standing in that exact spot during that block eliminates all the future possibilities that would have happened if you were one step over. Much like it does with a Bitcoin transaction: once it is inside a block, you have eliminated all the routes that branch off had that transaction not been included in the block and just sat there in the mempool as a possible outcome.”
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 a physically anchored compression engine that filters global economic activity into small, verifiable blocks. It learns the way any intelligent system learns,…
Autonomous machine agents can't coordinate through trust, narrative or interpretation, so they need a base layer that settles disputes through physical cost. Bitcoin…
Most people misjudge Bitcoin because they have never been given a working definition of wealth. David Deutsch's is the set of transformations you could perform without…
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
Once your actions are committed to that block, it removes all the future possibilities had you not committed to that particular block.
Ep 196 · 07:04