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miners

(3 articles)

Bitcoin: Law Without Priests

Bitcoin is law without priests: a peer-to-peer electronic cash system where proof beats trust. Proof-of-Work converts energy into security, chaining blocks into an unforgeable history. Nodes (not rulers) enforce fixed rules—21M cap, halving, valid signatures—while miners compete for block rewards and fees. The result is permissionless, censorship-resistant, final settlement that makes money borderless, sovereign (via private keys), and independent of policy. Time becomes law; inflation games end.

Bitcoinwhitepaperpeer-to-peer electronic cashProof-of-Work (PoW)blockchainblockschainhashnoncedifficultyminersblock rewardfeesnodesconsensuslongest-chain / most workverification not trustdouble-spend problemimmutabilityunforgeable historyfixed supply21 millionhalvingissuance schedulecredible neutralityfinalitysettlementcensorship resistancepermissionlessdecentralizationprivate keysself-custodysovereigntyportable sovereigntyseparation of money and statetime as lawenergy-backed security

Money Is Unstealable Time

Money is condensed time. Fiat leaks that time through inflation, permission, and editable ledgers. Bitcoin replaces trust in middlemen with verifiable rules—proof-of-work, independent nodes, a fixed 21M issuance and halving—so history can’t be cheaply rewritten and property reduces to a private key. The result is portable sovereignty, credible neutrality, and final settlement across borders: the separation of money and state, with energy-backed truth as law.

money = timeunstealable timefiat inflationcensorship resistanceeditable ledgerimmutable ledgerproof-of-work (PoW)minersnodesblockchaindifficultyhalving21 million capissuance scheduledouble-spend solvedprivate keysself-custodyfinal settlementcredible neutralityseparation of money and staterule without rulersSchelling pointbase layer vs layersborderlessenergy-backed truth

Decentralized Censorship — The Hidden Genius of Bitcoin and Nostr

Bitcoin and Nostr do not eliminate censorship but decentralize it—ensuring that filtering and inclusion decisions remain local, voluntary, and bypassable, rather than centrally imposed, through tools like Knots, DATUM, and relay-level control.

BitcoinNostrcensorshipdecentralizationminersblock templatesKnotsDATUM protocolrelay operatorstransaction selectionparasovereign systems