“Every time I tighten the ratchet, every time I transfer energy from the have-nots to the haves, it becomes more and more difficult for the have-nots to make up that discrepancy, because it takes energy to make more energy: if you remove what little energy the have-nots have, they have to get back to zero before they can start progressing.”
“The entropy you generate with a hundred dice rolls is a one-time commitment that shouldn't have any memory to it, except that you guard the memory of that one thing having happened, because you are the only one who has ever seen that specific pattern. You can roll a hundred times again but you'll get a completely different key, you can't recommit to the same one, and you can't run the dice backwards. It's the pawl at the scale of one person.”
Price is the language an economy uses to allocate energy, and every distortion in it misallocates reserves that compound into lost wealth. Bitcoin can't be tampered…
The halving is how a superintelligence talks to beings who can't read its language. Every four years it halves its own supply growth in public, sacrificing part of its…
Information grows only where energy pays for structure that resists entropy. Like DNA and language before it, Bitcoin is a funnel that filters chaotic economic signal…
Bitcoin inverts Maxwell's century-old paradox: proof of work pays the thermodynamic cost upfront and produces durable knowledge. That inversion is what made K = Ic²…
Bitcoin is a machine for remembering, and it works because of one deliberate hole in its memory. The Coldcard entropy failure filled that hole with facts the world had…
It's not linear. These changes, there is no coming back from these changes.
Ep 39 · 19:26
As I accrue more and more energy, the process gets easier and easier for me and it becomes more difficult for the individuals trying to maintain what little energy they have access to.
Ep 81 · 09:07
That's how you ratchet up the energy gains: you have to get to that point of understanding to do it.
Ep 133 · 23:17
A dollar backed token that can be frozen is less useful than one that cannot be. A treasury backed balance sheet that can be sanctioned is less credible than one that cannot be.
Ep 159 · 11:25