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Of the questions you reference about reality, digital space (cyber reality?) and what is at the core of Bitcoin (time?), can you help me understand what core question Bitcoin solved?

It makes sense to me that money is a store of work. It doesn’t make sense to me that money is a store of time. My professor told me that slow workers think work takes time. The definition of work is the actualization of the possible. How quickly that occurs - with every change. Yet as with instantaneous velocity, we also make up words for instantaneous change (big bang?)

Nevertheless. It seems to me that if the blockchain were allowed to operate as intended, we would have a different outcome than otherwise. I can’t rule out the set of {otherwise} being null.

#bitcoin #asknostr

mrdot 2y ago

I would say the core problem bitcoin had solve is how to establish digital scarcity.

Something cannot be scare if it is represented directly as information because everything can be copied => you need a ledger.

Something cannot be scarce if a person controls the ledger => it needs to be decentralized

Something cannot be decentralized if you have to trust someone. But there is no absolute time => you need to create your own arrow of time.

Information cannot speak authoritatively about reality. There is no direct link between the two => you need to have proof of work.

That’s why bitcoin is different from a whiskey, a piece of art or anything else which is physical and scarce. Bitcoin is pure information.

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Discussion

Medici 2y ago

Pure information as a concept for what informs material reality is an interesting subject. But in a which came first scenario, the individual or the species, I still opt for the individual. We are all working as individuals with the same arrow of time. In my understanding, Bitcoin is using that arrow, not creating it. The shared reality of digital scarcity that Bitcoin permits is most interesting to me. But reality changes in ways I don't understand.

#bitcoin #liberty #libertarian #asknostr