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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.

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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.

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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.

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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.

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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.

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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.

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1/ Everyone knows that time is money. In the digital realm, however, money is also intricately related to time. It has to be.

Gigi boosted

🚨 🚨 Mastodon instructional video thread!🚨 🚨

This is a short series of videos for those who need help getting Mastodon to be more functional.

Let's begin!

I'm currently working on my second book, 21 Ways. It will be released under an open and permissive cc-by-sa license, just like 21 Lessons.

You can support me on Patreon or directly via bitcoin:

If you want your daily dose of bullish bitcoin quotes this little side-project of mine is for you:

Bitcoin is a relentless teacher.

I did my best to gather some of the best books, articles, podcasts, and other resources that were helpful to me.

I wrote a book on Bitcoin. You can read it online for free. You can also buy it. Or you can listen to it.

Surveillance renders all other freedoms useless.

Gigi boosted

Excited to be joined by @J9Roem and @benthecarman for Citadel Dispatch later today.

Our focus will be on privacy, censorship, and open source software. Get your questions ready!

Join us live in 4 hours at 5PM EST / 2200 UTC via twitter, youtube, or twitch:

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Some early Bitcoiners got into Bitcoin for perverse or self serving reasons or because they completely misunderstood the protocol. Being early should confer no automatic credibility

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It's great to see people choosing the free and open source software! Here are my top picks.

Router: pfsense
Operating system: Pop!_OS
Browser: ungoogled-chromium
Recording: OBS
Video editing: Kdenlive
Messaging: Ferdi
IRC: Weechat
Password manager: Bitwarden_rs
2FA Authenticator: Aegis
Social media: Pleroma
Calendar & Contacts: Nextcloud
Sync to mobile: Davx5
VPN routing: Zerotier
VPN recommendation: Mullvad
Money: Bitcoin
Payment processor: BTCPayServer
Torrents: Transmission
Movies: Radarr
TV: Sonarr
Trackers: Jackett
Media centre: Jellyfin
Media player: VLC
Homepage: Homer
Gigi boosted

This bull cycle doesn't truely start until Peter Schiff registers here to tell us how wrong we are all day

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This guy is NEO that sees the Matrix.

h/t @dergigi
RT @MrHodl
Junseth's breakdown of blockchain was pretty spot on.

Gigi boosted

January 11th

2009 - Hal Finney tweets "Running Bitcoin"

Quote of the day by @dergigi

📍São Paulo

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