/biz/ - Business & Finance

>>29988569
In physics, energy is a property of matter. It can be transferred between objects, and converted in form. It cannot be created or destroyed.

BITCOIN FUNDAMENTALLY CHANGES HOW HUMANS INTERACT WITH ENERGY AND THUS FUNDAMENTALLY CHANGES HOW HUMANS INTERACT WITH TIME AND SPACE.
PEG YOUR TIME TO AN ASSET THAT VERIFIABLY INCREASES ITS WORTH THE MORE ENERGY IS SPENT ON IT. YOU WILL FIND YOURSELF INVESTING MINIMAL TIME NOW FOR MASS FUTURE EXPANSION OF GROWTH, GIVING YOU ‘FREE’ TIME. THE ONLY COMMODITY WORTH A DAMN. BITCOIN IN MANY WAYS IS A CLOCK WITH NO HANDS. A DECENTRALIZED WAY TO DEMARCATE TIME WITHOUT A CENTRALIZED STANDARD.

The Bitcoin blockchain Proof-of-Work is simply a distributed, decentralized clock.

PROOF OF WORK CHAIN IS THE NEW CONTEXT VS TIME BEING A CONTEXTUALIZED RATIO TO ITSELF (1 second, 2 seconds, 3 seconds)

"Work is a Clock - The difficulty in finding a conforming hash acts as a clock. A universal clock, if you will, because there is only one such clock in the universe, and thus there is nothing to sync and anyone can “look” at it. It doesn’t matter that this clock is imprecise. What matters is that it is the same clock for everyone and that the state of the chain can be tied unambiguously to the ticks of this clock. This clock is operated by the multi-exahash rate of an unknown number of collective participants spread across the planet, completely independent of one another. The solution must be the hash of a block (the block header, to be precise). consider how Proof-of-Work compares to Proof-of-Stake, and it should be apparent that the two are not comparable: Proof-Of-Stake is about (randomly distributed) authority, while Proof-of-Work is a clock"

https://soundcloud.com/yeethewarlock/sacred-economics-ep-4-time-space-energy-and-us

>>29876208
it is literally not a hypothetical thought experiment. it is energy. silicon in resistors. can't be created not destroyed, certainly not by a fucking keystroke.