#Bitcoin is NOT time.

I generally like the idea of #[1]​ of how time and money are related, although the definition of time he is giving is merely philosophical. It doesn’t mean it’s wrong though. Quite the opposite: in a discrete distributed system where each entity by default has its own clock, using continuous time is not always convenient. But it is just a technical problem to define a proper one.

TL;DR

However, from a physics point of view (let’s not consider advanced string theories where time is considered an artifact), time is related to entropy. In the end, the #bitcoin network is nothing but an open thermodynamic system (external energy can go in out). In an open thermodynamic system, entropy as a measure of disorder can fluctuate. Among all fluctuations, only those are of interest for us, where the entropy decreases. This can happen spontaneously (extremely unlikely though) or by performing work. Sometimes we are able to capture and store this gained energy, but it is not always efficient. Bitcoin is one way to capture and store energy efficiently in the thermodynamic sense, IF we achieve a global consensus that it is useful.

Long story short, in my option, a more appropriate way to think about #bitcoin is to refer to thermodynamics and entropy. Time is just a way for us to delineate the past from the future based on the notion of irreversible processes.

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