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a_yawning_cat's profile
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@a_yawning_cat

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@a_yawning_cat

stray thoughts, loosely held. rat jaeger.

California, USA
aycat.substack.com
Joined December 2018

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    1.  🐈‏ @a_yawning_cat Mar 2

      Bitcoin as time:https://dergigi.com/2021/01/14/bitcoin-is-time/ …

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    2.  🐈‏ @a_yawning_cat Mar 2

      bitcoin is similar to the terrorist using a newspaper to show that a victim is alive. the newspaper is an unpredictable hash of world events that creates a "now" within an otherwise timeless world of information (photograph)

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    3.  🐈‏ @a_yawning_cat Mar 2

      the "world events" that are bound to each block tick and that is connected to real time through the rhythm of hash difficulty adjstmts > The diffi­culty to mine a new Bitcoin block is adjusted to make sure that the thin thread between Bitcoin’s time and our time remains intact.

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    4.  🐈‏ @a_yawning_cat Mar 2

      > good money has to be costly in time, not energy. Linking money to energy alone is not suffi­cient to produce absolute scarcity since improve­ment in energy gener­a­tion would allow us to create more money. Time is the only thing we will never be able to make more of.

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    5.  🐈‏ @a_yawning_cat Mar 2

      > As Einstein has shown us, time is not a static thing. There is no such thing as a universal time we could rely upon. Time is relative, and simul­taneity is nonex­is­tent.

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       🐈‏ @a_yawning_cat Mar 2

      to believe in bitcoin is to believe in the shared timestream of bitcoin. its advantage is that there is no "leader" figure and it has the longest sense of history. the disadvantage is the initial distribution of wealth within it. whether or not you consider it fair.

      12:27 PM - 2 Mar 2021
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