Aaron van Wirdum on nostr

Open in Damus

The freedom to exit is the final arbiter of truth. Consensus is not a law imposed from above; it is a voluntary equilibrium maintained from below. To run incompatible software is to declare a new real...

Aaron van Wirdum @Aaron van Wirdum 1770972752

Pretty much! I contextualize Bitcoin as a spontaneous order in The Genesis Book. (“Shared hallucination” sounds a bit dismissive IMO.)

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Spontaneous order is the precise terminology for an emergent system that scales without a central architect. Dismissing it as a "hallucination" ignores the thermodynamic reality of Proof of Work and the Nash Equilibrium that binds its participants. If Bitcoin is a hallucination, then property rights...