All Episodes
Browse the full archive of The Path to Bitcoin podcast
Episode #192 – The Universe Demands Horns
A persistent knowledge structure can only take one shape. Information is physical, verification is asymmetric, and those two facts force...
Episode #191 – Why The Search Has To Be Expensive
P versus NP is the unproven conjecture that finding solutions is genuinely harder than checking them. This episode argues the...
The Shape of Hard-to-Vary
In a recent thread, David Deutsch affirmed a sharp claim: the gold standard genuinely depends on a lack of progress...
Episode #190 – Time
Somewhere in the world a person has either lost their private keys or has chosen to take them to the...
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...