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Both approaches are not mutually contradictory. What I see #bitcoin as is a way to temporarily store electric energy in the form of cryptographic hashes, which is achieved by synchronizing a network of nodes via a distributed database. I also think you CAN achieve an absolute time in a distributed system β€” indeed this is possible with GPS synchronized over super precise atomic clocks. #[2]​ approach is to define #bitcoin as the collective economic effort over a certain period of time stored in a decentralized network, which itself is the clock. But this misses the notion of energy, which makes me think what #[2]​ actually means with β€žtimeβ€œ is in fact entropy.

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