Well if we look at Bitcoin as a physical process from:
a predefined entropy field
energy —> computation
resolved entropy field
an immutable block of information
It’s clear we haven’t even understood the base physics of bitcoin. It’s actually insane we are talking about protocol changes without having a grounded understanding of the physical process beneath the protocol. How can we make grounded logical decisions about protocol changes without understanding Bitcoin and the transformation of resolved entropy as registration in the ledger?
Where are the physicists? Protocol devs certainly aren’t thinking about Bitcoin this way. Everyone has an opinion about the protocol that nobody physically understands, including myself. Is this not a huge problem?
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I could say the same of the economics. But they are both basically the same thing. You're dealing with hidden information of individual physical actors as well as rational actors, in a complex chaotic system in empirical reality with many influencing variables that are completely incalculable. Welcome to economics.
You don't start to magically understand everything you need to know about how to dictate actions just by being a physicist.