--- Log opened Mon Apr 01 00:00:32 2019
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15:08 < Monnik> Anyone home?
15:10 < Monnik> Figure I would share the following here. The thought just popped into my head just now, and it was not the first time it did, so time to pin it down
15:12 < Monnik> First, I see the highest abstraction of what Bitcoin is, as a consensus network
15:13 < Monnik> And the most basic consensus, beside the accounting of all the tx's, is order
15:13 < Monnik> The sequence through time, one after the other
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15:13 < Monnik> Basicly, Bitcoin is a global clock
15:14 < Monnik> on which we can all agree what time it is, but also in what order time was
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15:15 < Monnik> But what is the significance of clocks, and the consensus on time?
15:16 < Monnik> We build towers with big clocks on them
15:16 < Monnik> with big bells in them, to alert everyone on what time it is
15:17 < Monnik> Some people are concerned about the energy use of Bitcoin....but what on earth pushed us to putting all that effort into making giant communal alarm-clocks
15:18 < Monnik> We have a reasonable understanding of the significance of clocks and the consensus of time, we have been working with it for a while now
15:19 < Monnik> ever since the end of the middle ages.....around the early modern period, where we saw big advancements in time-keeping devices.
15:20 < Monnik> But ofcourse sun and moon where always there. In any event
15:20 < Monnik> I suggest this approach to 'understanding' Bitcoin
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15:21 < Monnik> Not in its pure technical definition as explained by the code, or drawings of its network architecture
15:22 < Monnik> But in its significance towards human society
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15:45 < nsh> #bitcoin
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16:21 < musalbas> Monnik: yes, timestamps is the technology that makes bitcoin possible: https://twitter.com/Blockstream/status/1112622891940507651
16:26 < nsh> hah
16:29 < sipa> not sure to what extent things are meant in jest, but i think it's confusing to reduce the point of the chain to timestamping
16:29 < sipa> clearly timestamping events is not enough to guarantee transactions are valid
16:29 < sipa> the point is guaranteeing that everyone has seen the same data
16:30 < sipa> not just commitments to it
16:38 < andytoshi> would you consider it fair to say that "timestamps and publication" cover all the essential functionality of the bitcoin blockchain?
16:38 < andytoshi> proof-of-publication
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17:09 < nsh> our three secret weapons are timestamping, proof-of-publication, networks with reasonable gossip diffusion time
17:10 < sipa> with some vaguely defined economic incentives sprinkled over it all
17:10 < nsh> our four secret weapons are timestamping, proof-of-publication, networks with reasonable gossip diffusion time, economic incentives to follow a PoW lottery resulting in a consensuable chain-tip resulting an an external economically-incentivised shared state of future timestamped provable publication
17:11 < nsh> our five secret weapons are....
17:11 < nsh> nah but that mainly covers it
17:11 < nsh> *in an
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--- Log closed Tue Apr 02 00:00:33 2019