Yeah, still thinking this thru the later part of the idea; but each block of time has a price (entropic cost in joules before measurement/mined) and a measurement (the single deterministic outcome). The energy required to produce an outcome, and the actual outcome is observable, and the supply of satoshis at each point in time is known.

That suggests it should be possible to calculate a moving average of the price of time in joules per satoshi (I haven’t check the data yet). While each block is a discrete event rather than a smooth continuum, the sequence of blocks still allows meaningful aggregation over time.

If that’s correct, then anything priced in bitcoin is also implicitly priced in joules, using a consistent physical metric rather than a fiat reference. This reframes bitcoin as a direct mapping between economic value and thermodynamic cost.