Bitcoin's price action appears irrational because it is temporally and geometrically disconnected.
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Bitcoin's price action appears irrational because it is temporally and geometrically disconnected.
Bitcoin looks erratic, but it is geometrically determined.
Continue to receiving good feedback on the synthesis of my last conversation with so I clipped it. https://youtu.be/uzbG9Surjpw?si=ewR7DqGGJhIGIPhS
The Bitcoin network does not directly measure energy. Instead, it infers energy use from time. Bitcoin operates on a Time Standard.
Yes it’s absolutely fascinating to observe the process! There appears to be a natural gestation rate for the information to propagate from concept to reality.
The short answer is if you want to change the behavior of 8 billion people you can’t tell them what to do. The better approach is to build a tool that they need (better money) and walk away. Self interest takes care of the rest. You don’t tell bees to go pollinate the world. Instead, you create nectar.
Nice video on criticality in systems: https://youtu.be/hjGFp7lMi9A?si=vUYfDQ4ECDwlk-Cf
I'm increasingly persuaded by the evidence in Buckminster Fuller's body of work and in the current physics of Bitcoin research that Bitcoin was introduced not merely to fix money, but to reposition humanity closer to the edge of criticality. Why? Because systems in this state of criticality can efficiently process information, balance flexibility, and are maximally adaptive. Subcritical systems, like our current civilization, can appear stable but carry long-term risk because they are too rigid to adapt to an evolving environment. Future risks are unknown, and a civilization incapable of adapting to change risks collapse. Why, then, did Satoshi call it: A Peer-to-Peer Electronic Cash System? Well, that's a longer conversation, but I think there is a perfect explanation...
Time Standard explores how an accounting system based on time is realigning global incentives. Fountain: https://fountain.fm/show/xXGroUZAmM2F8dsO5fbF Spotify: https://open.spotify.com/show/1gLdI80eBS2eKUtEbPRbIl Apple: https://podcasts.apple.com/us/podcast/time-standard/id1795787407 Youtube: https://www.youtube.com/@TimeStandard