11/ I hope you have enjoyed this time-centered view on Bitcoin. The next time someone asks what Bitcoin is, simply answer: "It is time."
10/ By creating a novel definition of time, Satoshi managed to solve an otherwise intractable coordination problem in our relativistic universe: agreeing on the order of things on a global scale.
9/ The difficulty adjustment makes sure that Bitcoin's time and our time stay in sync. It is the probabilistic metronome that orchestrates the intricate dance of the network.
8/ This intricate dance of coordination creates a moment in time that every node can verify for itself. It can trust, with a very high probability, that this is what actually happened in the past.
7/ Bitcoin uses SHA-256 and digital signatures as its causal building blocks and the ever-changing interactions of its peers, as well as the randomness of PoW as its source of entropy.
6/ Bitcoin creates its own sense of time using two essential building blocks: causality and unpredictability. Causal links are settling the past. Unpredictable events are opening the doors to the future. The chain tip is the eternal now.
5/ A decentralized system can't rely on our human concept of time. A trustless, non-local time is required. Trustless, because we must not introduce a third party. Non-local because we don't have the luxury of a central frame of reference.
4/ In the informational realm, only ledgers exist. And to make sure that transactions on a ledger are in order, a concept of time is required. In other words: Tokens are timeless, ledgers are not.
3/ The two basic forms of money are ledgers (made of information) and physical tokens (made of atoms). Physical tokens keep track of themselves. Ledgers need someone who is in charge.
2/ Among other things, money solves a coordination problem. Trading a single good against others solves the combinatorial explosion of a barter economy. It is a scalability solution that allows coordination across large groups of people.
15:00 GMT+2 tomorrow- @[email protected] explaining the journey of #Bitcoin "falling down the rabbit hole" and how it relates to the cyclical nature of Bitcoin
#ValueOfBitcoin
π¦π: https://twitter.com/ValueOfBitcoin/status/1267455863138246656
Track-n-Trace apps
A short story in two parts
@[email protected] offers options
π¦π: https://twitter.com/BTCSchellingPt/status/1266901704110411777
Lesson 21 - Metaphors for Bitcoin's future
"#Bitcoin is an exponential technology built upon exponential technologies." @[email protected]
See how Bitcoin has evolved since 2009 and why its evolution is so important to us now:
π¦π: https://twitter.com/vimbaco/status/1266745191731466242
"Dollars Nakamoto" limited edition prints (x21) signed and numbered, now available on my @[email protected] store π₯ The #1 and #21 already sold! #Print #Art #collectible #whoisSatoshi #SatoshiNakamoto #Bitcoin
π¦π: https://twitter.com/pascalboyart/status/1266477292961832960
Having fun doing last minute tests with @[email protected] before launch ππ€π
Shoutout @[email protected] π₯³
π¦π: https://twitter.com/JackMallers/status/1266446764829179907
βIt is not generally speaking unruly.β
π€‘π€‘π€‘π€‘π€‘π€‘π€‘π€‘
π¦π: https://twitter.com/RubinReport/status/1266326526401732610
Writing words and code for Bitcoin. Timechain maximalist. Practitioner of daily Bitcoin Zen. Church of DCA. Selling is a sin. Bullish and Swanish.