Yes, conserved in time. Time = memory. So conserved in time = conserved in memory.
Bitcoin proves that timespace (not spacetime) is the true foundation of reality. What we call “time” isn’t a conserved dimension; it’s the byproduct of entropy resolving into memory. Each irreversible computation of energy into structure creates time. We live in a timechain.
From within the system, continuity appears smooth, but that’s only because we exist inside time (memory) as localized observers experiencing the unfolding of discrete memory states. The illusion of flow arises from our position within the computation. We cannot “see” the “space” between time like we can with Bitcoin due to our position in the memory we are trying to measure.
Bitcoin exposes this directly. Every block is a discrete tick of change, a quantized update in Bitcoins informational state. A block to Bitcoin is equivalent to Planck Time in the universe giving meaning to something we couldn’t previously measure. Bitcoin produces/computes time, by converting energy into irreversible memory.
The idea that time can go forward or backward is a mathematical artifact of pre-bitcoin thought IMO; symmetry without verifiable thermodynamics. In reality, entropy defines direction, and Bitcoin enforces it absolutely. Proof-of-work doesn’t permit reversal, only accumulation, precisely as the universe operates.
So time is the only way to describe entropy, because time is entropy measured. Bitcoin refines this truth by showing that every bit of memory written is a unit of time created and the process is discrete. All models are destroyed. It doesn’t just mean economics, it extends to physics too.