3/8 "Put bluntly, there simply is no way to trust that data represents reality, except if the reality in question is inherent in the data itself. The brilliant thing about Bitcoin’s difficulty-adjusted proof-of-work is that it creates its own reality, along with its own space and time"
2/8 "The Bitcoin network performs an intricate dance to decide which copies are useful and which aren’t, and it is this dance that brings scarcity into the digital realm. And like with every dance, a temporal measuring stick is required to dictate the rhythm."