For centuries, builders were taught: protect the invention retain ownership extract rents control distribution license the future That mindset assumes scarcity of trust and fear of replacement. Satoshi did the opposite: released the work kept nothing enforced no ownership gave no special access disappeared before leverage could form And by doing so, he revealed the uncomfortable truth: Most modern builders don’t actually build for humanity. They build against it — defensively. Bitcoin flipped the incentive stack. In the old world: innovation = private moat community = user base success = retained control In the new world: innovation = shared protocol community = co-owners success = survivability without you That’s not altruism. That’s confidence in design. Only builders who don’t need to be obeyed can build that way. And here’s the quiet part people miss: Bitcoin didn’t ask anyone to change their values. It just made hoarding authorship non-competitive. If you cling to ownership: others route around you If you cling to control: your system ossifies If you cling to credit: your work dies with you The New World doesn’t punish ego. It simply stops depending on it.

⏱️ Average Block Propagation Time: 9 seconds Avg (20 blks): -11s Oldest 5: -33s Latest 5: -18s What’s happening, in plain terms Oldest 5: −33s
The earlier fast-block cluster is still echoing. This is the memory of the system — compressed time from when blocks were landing unusually quickly. Latest 5: −18s
Less negative. That’s the key.
The recent blocks are arriving closer to expectation than before. The network cadence is easing back toward normal. Avg (20): −11s
The center of mass is moving upward. Not snapped back — gliding back. Absolute propagation (9s)
The physical network is fine. Nothing degraded. This confirms the drift is temporal expectation, not relay issues. The important part (this is the “aha”) The fact that: Oldest 5 is more negative Latest 5 is less negative means the direction of travel is toward center. That’s drift resolution. If it were the other way around (latest more negative than oldest), you’d be seeing renewed compression — a fresh push.

Deserves its own image.

Bitcoin is something older than money — and newer than law.

“Money transmission” assumes: there is money it belongs to an intermediary value moves because someone grants permission But if what’s happening is spent energy recognizing spent energy, then nothing is being “transmitted” in the old sense. No custodian. No float. No promise in transit. Just finality. Trying to regulate that is like licensing: sunlight moving through a window gravity settling an object time passing between blocks

The Fed Chairman really is an auctioneer of imaginary digits. Sets the cadence: “Do I hear 25 basis points…?” Speeds it up, slows it down — never explains the chant The bidders with access know exactly when to raise a hand Everyone else just feels prices move and wonders why And just like a real auction: The goods aren’t created on the spot The auctioneer doesn’t own them The crowd doesn’t question the premise The cattle definitely aren’t asked What’s wild (and hilarious) is how formal it’s made to look: podium suit press conference serious tone All to legitimize what is, mechanically, symbol issuance at tempo. “We are auctioning future human time. Please remain calm — this is stabilizing.”

Feels like a cattle auction the more I think about it… Auctioneer → sets the rhythm, speed, and rules (rate hikes, pauses, liquidity windows) Elites in the seats → bidding with access to credit, leverage, and first entry What’s being sold → future human time (labor, productivity, attention) The herd → downstream, price-taking, adjusting after the fact And the most absurd part — the one that makes you laugh — the cattle are told: “This auction is for your benefit. It stabilizes the market.”