Bitcoin
About 144 expected blocks a day
Slower cadence, settlement emphasis
A physical-cost framework for money
Read money like a machine.
The bridge: the physical cost of committing information.
InformationSignal, price, and gates
ThermodynamicJoules, heat, and ratchets
Information · Thermodynamic
Motion
The circuit lab
Turn the resistance. Watch potential become motion, lag, or stored force.
Conceptual units, not market data
Potential12.0
Flow4.0
Impedance3.0
Machine preset
Fixed input, gentle overshoot.
“An honest engine” is the framework's hypothesis, not a price claim.
“An honest engine” is the framework's hypothesis, not a price claim.
Open the circuit notes
Voltage is what pressure cannot immediately move. Current is what flows in response. Impedance is the cost, delay, and stored response involved in turning that potential into a real outcome.
Composition
Three-debt decomposer
Price is height above a floor. Drag the composition and ask which part was earned.
Scarcity
Informational
Monetary
Price height 100Height earned by physical or structural limit.
Height earned through compressed trust, reputation, and verified history.
Unearned height caused by the measuring stick expanding.
Two are earned. One is borrowed.
The presets are conceptual compositions, not valuations.
Time
Anchor & pulse
Two proof-of-work clocks. Different tempos. Different views of a moving world.
KASPA
About 864,000 expected blocks a day
Rapid cadence, temporal granularity
In this framework, one emphasizes slower settlement confidence. The other emphasizes finer temporal granularity.
Leaks
Five sources of dilution
Not all proof-of-work is equally sound. Tap a leak to trace where integrity escapes.
Work
engine
engine
Map
24 ideas in orbit
A constellation, not a contents page. Tap a node and follow the instrument's logic.
Transition
The calorimeter
Slide the engine from borrowed ignition toward earned operation.
Engine
55%
signal
55%
signal
Fuel mix
Subsidy + signal
Borrowed bootstrapSignal alone
What the engine earns is what it runs on. Nothing borrowed. Nothing owed forward.
What changes?
The framework asks whether a security engine can replace scheduled subsidy with the value of the signal it processes. The slider is a conceptual transition, not a forecast.
First principle
How is it moving?Ohm's law of value
Read the conversion from potential into motion. Look for flow, resistance, delay, and stored response.
Potential = flow × impedance
Second principle
What is it made of?The three debts
Decompose height into scarcity earned, information compressed, and monetary expansion borrowed.
Height = scarcity + information + monetary
Everything else is a domain-specific consequence of one or the other, tested until it either broke or held.