Actually exactly the opposite. It’s a thermodynamic energy storage. Time is needed to propagate the distributed ledger.

Yes!

Professional python developer here!

Ask me anything if you have questions

Would it be unfair of me to say that the new #[0]​ 🤙🏼 icon looks a little too much like a 🌮 or a 🥙?

It is time for me to head out to the fiat mines 🏦⛏️ Thankfully I can ride my bicycle to work now, it will be a 5 minute trip instead of 20. 🚲🫂

#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.

nostr:note1cavcresczvtzx93xs2l600ssgsdgfze6c0gjdz3wt0954u94p2qqex8z3v

Working on an essay to prove to y’all I’m actually smart.

The Perpetual Motion of Bitcoin

I got zapped and it didn’t show up in my wallet for some reason

You don’t HODL stocks

You don’t HODL “crypto”

You HODL bitcoin

Gm, live simply and batch bits.

Sometimes these categorization exercises are helpful but not meant to be a cage. We’re dynamic, (ideally) expansive critters.