TIMELINE: From hashcash to Bitcoin Jack Mallers - There is no second best - BTC Prague 2024 -18/30 #Bitcoin #btcprague #mallers

"PROOF OF WORK IS THE ONLY PHYSICALLY REAL THING ON ANY DIGITAL SCREEN." Jack Mallers - There is no second best - BTC Prague 2024 - 17/30 #Bitcoin #btcprague #mallers

"PROOF OF WORK IS REVERSE REIFICATION." Jack Mallers - There is no second best - BTC Prague 2024 - 16/30 #Bitcoin #btcprague #mallers

"PROOF OF WORK CONNECTS THE PHYSICAL WORLD TO THE VIRTUAL REALM." Jack Mallers - There is no second best - BTC Prague 2024 - 15/30 #Bitcoin #nostr #mallers

„Adam created Hashcash to use hash cost functions to require proof of work to send an email. Adam required physical resources to apply physical limits and constraints to an abstract virtual action.“ Jack Mallers - There is no second best - BTC Prague 2024 - 14/30 #Bitcoin #btcprague #mallers

PHYSICAL REALITY VS. ABSTRACT REALITY Jack Mallers - There is no second best - BTC Prague 2024 - 13/30 #Bitcoin #btcprague #mallers

Let’s focus on solutions. #nostr #freespeech

#nostr

THE FIAT STANDARD „Leaving the Gold Standard made the dollar intangible, unchecked, not linked to physical reality and unbounded in its abstract power.“ Jack Mallers - There is no second best - BTC Prague 2024 - 12/30 #Bitcoin #btcprague #mallers

„The Gold Standard was tangible and bound by physical laws." Jack Mallers - There is no second best - BTC Prague 2024 11/30 #Bitcoin #btcprague #mallers

10/30 PHYSICAL POWER PROS 1. INCLUSIVE Everyone can participate and contribute their strength. 2. UNLIMITED POTENTIAL Physical power isn't restricted by any limits. 3. EXTERNALLY DERIVED Physical power comes from outside sources, so it can't be manipulated by the system. 4. DECENTRALIZED Physical power is spread out and not controlled by a single entity. 5. TANGIBLE & VERIFlLABLE Physical power is something you can see and verify directly. making it easier to assess without trust. 6. QUICK RESULTS Physical power often leads to immediate and observable outcomes. 7. HISTORICALLY RELIABLE Physical power has a long history of being a dependable means of protection and enforcement. 8. EMPOWERING Using physical power can give individuals a sense of personal strength and capability. CONS 1. HIGH ENERGY Physical power requires a lot of energy. 2. RISK OF INJURY There's a higher chance of getting hurt Jack Mallers - There is no second best - BTC Prague 2024 #Bitcoin #btcprague #mallers

9/30 REAL WORLD & PHYSICAL POWER Wolves live in packs with a clear social hierarchy. The alphas are those with the most physical power. Jack Mallers - There is no second best - BTC Prague 2024 #Bitcoin #btcprague #mallers

„Saving in Fiat like:“ Bittr #Bitcoin

"THE ROOT PROBLEM ... IS ALL THE TRUST THAT IS REQUIRED TO MAKE IT WORK ... BUT HISTORY ... IS FULL OF BREACHES OF THAT TRUST." SATOSHI NAKAMOTO Jack Mallers - There is no second best - BTC Prague 2024 #Bitcoin #btcprague #nostr #mallers

ABSTRACT POWER PROS 1. ENERGY EFFICIENT It uses less energy, ranking it environmentally friendly and efficient. 2. INJURY FREE It's designed to be safe and can't cause harm to people. CONS 1. LIMITED ACCESSIBILITY Not everyone can easily access or participate in the system. 2. DEFENSIVE LIMITATIONS Honest individuals may find it challenging to protect their interests within the system's constraints. 3. INVISIBILITY & VALIDATION It's hard to see and verify if it's truly decentralized. 4. LACK OF PHYSICAL BOUNDARIES There are no physical limits to its reach. 5. POTENTIAL FOR EXPLOITATION It can be taken advantage of within the system. 6. SYSTEM GENERATED POWER The power comes from within the system itself. 7. TRUST ISSUES It relies heavily on trust. And history shows that trust can be broken. Jack Mallers - There is no second best - BTC Prague 2024 #Bitcoin #btcprague #mallers

„The story of Neo is realizing that software is simply an abstraction and nothing in the matrix is real. Once you realiize none of it is real then you can exploit it. From that point, there were no physical limits to Neo's power.“ Jack Mallers - There is no second best - BTC Prague 2024 #Bitcoin #btcprague #mallers

„Those of you with me in Prague, you are viewing the physical me in the physical world. Those of you watching online, you are not viewing the physical me. You are viewing an abstraction performed by a state machine (a computer).“ Jack Mallers - There is no second best - BTC Prague 2024 #Bitcoin #btcprague #nostr #mallers

„CYBERSPACE IS NOT PHYSICAL REALITY“ Jack Mallers - There is no second best - BTC Prague 2024 #BTC #Bitcoin #btcprague #nostr #mallers

3/30 "THE MENU IS NOT THE MEAL" Alan Watts Jack Mallers - There is no second best - BTC Prague 2024 #BTC #Bitcoin #btcprague #nostr #mallers