Episode #195 – The Gap

Bitcoin is a machine for remembering, and it works because of one deliberate hole in its memory. The Coldcard entropy failure filled that hole with facts the world had already written down somewhere, which turned a private key into an explainable object and cost people hundreds of millions of dollars without a single server being breached. Entropy is the size of the gap in the record, and the episode works out why nothing else in the system can do its job. Episode Summary Bitcoin is a machine for remembering. Every block, every transaction, every satoshi...