Time Standard

Makoto Shibuya and Stephen Perrenod explore the visionary work of Buckminster Fuller and its relevance to Bitcoin. They discuss how Bitcoin can be understood as encapsulated energy, reflecting Fuller's ideas about wealth and energy. The conversation delves into the concept of power laws, their prevalence in nature and socioeconomics, and how they apply to Bitcoin's growth and behavior. The discussion also touches on the unique timekeeping system of Bitcoin, the dynamics of mining, and the comparison between cities and companies as meta-networks. The conversation explores Bitcoin's potential as an energy technology disguised as a financial asset.Furthermore, they explore the multifaceted nature of Bitcoin as a decentralized network, its implications for urban infrastructure, and the role of AI in its future. They discuss the concept of Bitcoin as a megalopolis, the significance of power laws in its growth, and how Bitcoin promotes a circular economy. The discussion also touches on the 51% attack as a catalyst for growth, the precessional concept in Bitcoin's design, and the economic dynamics surrounding Bitcoin, including the influence of bubbles and Satoshi Nakamoto's design signatures.TakeawaysBitcoin is encapsulated energy, reflecting Buckminster Fuller's ideas.Power laws are prevalent in nature and socioeconomics, influencing Bitcoin's behavior.Bitcoin operates on a unique timekeeping system, which is essential for its network synchronization.Energy is the currency of the universe, as stated by Fuller.Power laws govern various phenomena, from cosmology to finance.Cities function as meta-networks, showcasing superlinear growth.Companies typically have exponentially decaying lifetimes, unlike cities.Bitcoin's growth can be modeled as a power law, distinct from traditional financial assets.The concept of zombie companies highlights inefficiencies in the current economic system.Understanding Bitcoin requires a shift in perspective. Bitcoin operates as a meta-network with various interconnected components.Decentralization will reshape urban infrastructure and real estate.AI and robots may drive Bitcoin adoption and scalability.Bitcoin can be viewed as a decentralized megalopolis with significant economic value.Power laws govern Bitcoin's growth and network effects.Bitcoin promotes a circular economy through its low friction and high reuse.The 51% attack serves as a catalyst for building out global hash rate.Precession in Bitcoin's design reflects its energy-shunting capabilities.Bubbles in Bitcoin can be likened to economic wars, driving short-term and long-term behaviors.Satoshi's design philosophy aligns with Buckminster Fuller's principles of creating artifacts that change behavior.KeywordsBuckminster Fuller, Bitcoin, energy, power laws, socioeconomics, cities, network growth, financial assets, Metcalfe's law, decentralized network, AI, urban infrastructure, circular economy, 51% attack, economic war, Bucky Fuller, hash rate

Beau Turner and Makoto Shibuya explore the Bitcoin network as an energy technology, discussing how energy security is crucial for economic stability and innovation. They delve into the historical context of energy and money, the importance of understanding energy dynamics, and the potential for Bitcoin to reshape our approach to wealth and infrastructure. The discussion also touches on misconceptions about energy scarcity, the role of incentives in understanding energy systems, and the future implications of Bitcoin as a transformative technology.TakeawaysBeau Turner's journey from real estate to Bitcoin mining highlights the shift in value perception.Energy is a critical factor in determining the affordability of life.Bitcoin mining can provide a stable demand for energy, optimizing energy resources.The historical context of energy and money reveals deep connections to current technologies.Energy security is essential for innovation and economic growth.The concept of active resistance through Bitcoin contrasts with passive forms of resistance.Understanding energy dynamics can lead to better resource allocation and utilization.The hash rate of Bitcoin can serve as a proxy for global wealth and energy abundance.Emergencies often drive innovation and the adoption of new technologies.The growth of Bitcoin reflects the increasing value of network participation.KeywordsBitcoin, energy technology, mining, wealth, real estate, energy security, innovation, resistance, hash rate, infrastructureGuest Linksabundantmines.com

Leon and Makoto explore the visionary ideas of Buckminster Fuller and their relevance to modern economic systems, particularly in relation to Bitcoin and real estate. They discuss how Bitcoin can serve as a digital form of real estate, the implications of housing as a service, and the importance of understanding the difference between utility value and monetary premium in real estate. The conversation emphasizes the need for innovative solutions to the current economic challenges and the potential of Bitcoin to empower individuals by providing a portable and resilient form of wealth.Chapters00:00 Introduction to Buckminster Fuller and Bitcoin10:55 Understanding Digital Real Estate17:29 Utility Value vs. Monetary Value in Housing25:49 The Architectural Paradox and Future of Development32:12 Understanding the Pressure in Architecture33:41 The Role of Bitcoin in Architecture35:34 Low Time Preference and Architectural Quality39:06 Challenges in Current Building Environments40:10 The Inhumanity of Inflation42:49 Speculation and Real Estate as Money43:51 Housing as a Service: A New Paradigm47:37 The False Sense of Security in Real Estate51:40 The Utility of Bitcoin in Crisis53:23 Closing Thoughts and Future DirectionsKeywordsBuckminster Fuller, Bitcoin, Digital Real Estate, Housing, Utility Value, Monetary Premium, Dual Collateralization, Building as a Service, Economic Systems, InflationGuest Linksleonwankum.comleonwankum.substack.com