Bitcoin is Time

“This problem is precisely why all previous attempts of digital cash required a central­ized registry. You always had to trust someone to correctly identify the order of things. A central­ized party was required to keep the time. Bitcoin solves this problem by re-inventing time itself. It says no to seconds and yes to blocks.”- DerGigi

DerGigi is back at it with a chapter from his upcoming book 21 Ways, all about the nature of Bitcoin not as new invention in money, or payments, or cryptography… but rather a new invention in the realm of time. Bitcoin doesn’t merely allow an ordering of events, it actually invents its own concept, of time.

Bitcoin is Time:

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POW is a Decentralized Clock:

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