1/n
Follow me down the #Bitcoin rabbit hole in this tweet thread and we'll break down all 21 layers in the Bitcoin Full Node Sculpture 4.0 A Cypherpunk Chronometer.
Full Explainer Article @BitcoinMagazine -bitcoinmagazine.com/articles/decod…
Video walkthrough -
Follow me down the #Bitcoin rabbit hole in this tweet thread and we'll break down all 21 layers in the Bitcoin Full Node Sculpture 4.0 A Cypherpunk Chronometer.
Full Explainer Article @BitcoinMagazine -bitcoinmagazine.com/articles/decod…
Video walkthrough -
2/n
The Bitcoin Full Node Sculpture is a cypherpunk chronometer, designed to work as a fully-functioning bitcoin full node and block explorer. Modeled after the ancient navigation tool, the astrolabe, it acts as a compass for the humble bitcoiner to set to true north.
The Bitcoin Full Node Sculpture is a cypherpunk chronometer, designed to work as a fully-functioning bitcoin full node and block explorer. Modeled after the ancient navigation tool, the astrolabe, it acts as a compass for the humble bitcoiner to set to true north.
3/n
Visualizing the clock-and-calendar-like nature of Bitcoin stretching over 132 years, the sculpture represents a digital metronome ticking endlessly in the halls of time. This cyber-metronome ticks at a steady pace of “every 10 minutes,” in perfect harmony with Bitcoin time.
Visualizing the clock-and-calendar-like nature of Bitcoin stretching over 132 years, the sculpture represents a digital metronome ticking endlessly in the halls of time. This cyber-metronome ticks at a steady pace of “every 10 minutes,” in perfect harmony with Bitcoin time.
4/n
The sculpture is a snapshot of a moment in Bitcoin time. In Version 4.0, the node is set to block height 630,000. This is the first block of the 3rd Halving epoch. It’s the 1st block with a 6.25 BTC per block “block subsidy” and the 1st block n the “single digit” reward era.
The sculpture is a snapshot of a moment in Bitcoin time. In Version 4.0, the node is set to block height 630,000. This is the first block of the 3rd Halving epoch. It’s the 1st block with a 6.25 BTC per block “block subsidy” and the 1st block n the “single digit” reward era.
5/n
First, we’ll take a look at the design schematics, then we’ll break it down into 21 “blocks” (or layers) and dive into the stories contained within each ring. Each of the layers displays specific information, and we’ll need this key to decode the inner workings of the node.
First, we’ll take a look at the design schematics, then we’ll break it down into 21 “blocks” (or layers) and dive into the stories contained within each ring. Each of the layers displays specific information, and we’ll need this key to decode the inner workings of the node.
6/n
You’ll notice that Layer 1 is broken into two distinct sections, a yellow outer ring and an orange inner ring. The “stats” displayed in the inner, orange part of Layer 1 update every 10 minutes as the node validates each new block at the chain tip.
You’ll notice that Layer 1 is broken into two distinct sections, a yellow outer ring and an orange inner ring. The “stats” displayed in the inner, orange part of Layer 1 update every 10 minutes as the node validates each new block at the chain tip.
7/n
Let’s take a look at the block stats for bitcoin block height 630,000. There’s also some Bitcoin “ethos” encoded at the very top center of Ring 1. Each time a new block is found, Layer 1 updates to display the current network info
Let’s take a look at the block stats for bitcoin block height 630,000. There’s also some Bitcoin “ethos” encoded at the very top center of Ring 1. Each time a new block is found, Layer 1 updates to display the current network info
8/n
Layer 2: The Wheel Of Time is composed of 132 years, divided into 34 sections of four years each from 2009-2140. The four-year cycles within the wheel of time track the Bitcoin Halvings. The four-year cycles are shown in a geometrically decreasing pattern.
Layer 2: The Wheel Of Time is composed of 132 years, divided into 34 sections of four years each from 2009-2140. The four-year cycles within the wheel of time track the Bitcoin Halvings. The four-year cycles are shown in a geometrically decreasing pattern.
9/n
Notice the ruler marks below the “Years Containers”? The larger ruler marks measure the 4-year Halving cycles by year (pictured in yellow below), & the smaller ruler marks below those (in pink/purple below) track the difficulty adjustments.
Notice the ruler marks below the “Years Containers”? The larger ruler marks measure the 4-year Halving cycles by year (pictured in yellow below), & the smaller ruler marks below those (in pink/purple below) track the difficulty adjustments.
10/n
Layer 3: The cut-out sections in the node architecture represent the bitcoin issuance over the 34 Halving cycles. In the first Halving cycle, we see that 10,500,000 BTC (50 percent of all bitcoin that will ever exist), are mined in that first Halving cycle.
Layer 3: The cut-out sections in the node architecture represent the bitcoin issuance over the 34 Halving cycles. In the first Halving cycle, we see that 10,500,000 BTC (50 percent of all bitcoin that will ever exist), are mined in that first Halving cycle.
11/n
At the top of the ring is the “Halving Crest” emblazoned with the mathematical formula that describes the halving function in the bitcoin source code. Interesting to note that the source code references 64 halvings, yet we reach 0 BTC per block after 33.
At the top of the ring is the “Halving Crest” emblazoned with the mathematical formula that describes the halving function in the bitcoin source code. Interesting to note that the source code references 64 halvings, yet we reach 0 BTC per block after 33.
12/n
Layer 4: Binary Encoded Data
Like all good software, there are Easter Eggs to be found and decoded both in this sculpture and Bitcoin as an organism. Ring 4 is almost hidden, but for those who look deeper, there’s always more to find. The yellow highlighted strings were used
Layer 4: Binary Encoded Data
Like all good software, there are Easter Eggs to be found and decoded both in this sculpture and Bitcoin as an organism. Ring 4 is almost hidden, but for those who look deeper, there’s always more to find. The yellow highlighted strings were used
13/n
Layer 5: The Merkle Tree Layer This is an important ring and it covers a lot of ground. Merkle trees are critically important to the way Bitcoin operates. You’ve heard of “the blockchain,” well, this is how it works.
Layer 5: The Merkle Tree Layer This is an important ring and it covers a lot of ground. Merkle trees are critically important to the way Bitcoin operates. You’ve heard of “the blockchain,” well, this is how it works.
14/n
The layer is composed of 21 Merkle trees divided into three sections of seven each (since 21 is a triangular number). There are 18 “blocks” linking the Merkle trees to each other, all the way back to genesis. The blocks are represented by the Platonic and Archimedean solids.
The layer is composed of 21 Merkle trees divided into three sections of seven each (since 21 is a triangular number). There are 18 “blocks” linking the Merkle trees to each other, all the way back to genesis. The blocks are represented by the Platonic and Archimedean solids.
15/n
The three crests, at the points of the triangle above represent the “Three Pillars of Bitcoin.”
Social
Technical
Financial
Let's dive into each one below.
The three crests, at the points of the triangle above represent the “Three Pillars of Bitcoin.”
Social
Technical
Financial
Let's dive into each one below.
16/n
The Social Pillar: This represents the community aspects of Bitcoin. The peer-to-peer nature of it, the game theory and politics, even environmental impacts and benefits.
Legend of Satoshi
The Immaculate Conception
Open Source
Decentralized
Peer-To-Peer
Eco Friendly
The Social Pillar: This represents the community aspects of Bitcoin. The peer-to-peer nature of it, the game theory and politics, even environmental impacts and benefits.
Legend of Satoshi
The Immaculate Conception
Open Source
Decentralized
Peer-To-Peer
Eco Friendly
17/n
The Technical Pillar: “What’s under the hood?” How does this thing work?
In this section we cover;
Proof of Work
Linked Timestamping
Merkle Trees
ECDSA
SHA-256
The Difficulty Adjustment
The Technical Pillar: “What’s under the hood?” How does this thing work?
In this section we cover;
Proof of Work
Linked Timestamping
Merkle Trees
ECDSA
SHA-256
The Difficulty Adjustment
18/n
The Financial Pillar: Let’s investigate some of the monetary properties of bitcoin that make it the best money the world’s ever seen.
Digital Scarcity
Durablility
Fungibility
Verifiability
Portability
Divisibility
Unforgeable Costliness
The Financial Pillar: Let’s investigate some of the monetary properties of bitcoin that make it the best money the world’s ever seen.
Digital Scarcity
Durablility
Fungibility
Verifiability
Portability
Divisibility
Unforgeable Costliness
19/n
I’ve spent a lot of time on this layer, and it’s evolved over time. After a lot work, I ended up with a design that both embodied “Merkle trees” but also hinted at the form of a mushroom, with mycelial networked threads connecting to peers "The Mycelium of Money" @Bquittem
I’ve spent a lot of time on this layer, and it’s evolved over time. After a lot work, I ended up with a design that both embodied “Merkle trees” but also hinted at the form of a mushroom, with mycelial networked threads connecting to peers "The Mycelium of Money" @Bquittem
20/n
Layer 6: Block Height By Year
This ring has 132 sections that mirror the 132 years from 2009 to 2140, but these containers display the block height at the end of the year. Here you can see rings 6 & 7 point to the reward decrease at 630,000 from 12.5 to 6.25 BTC per block.
Layer 6: Block Height By Year
This ring has 132 sections that mirror the 132 years from 2009 to 2140, but these containers display the block height at the end of the year. Here you can see rings 6 & 7 point to the reward decrease at 630,000 from 12.5 to 6.25 BTC per block.
21/n
Layer 7: Block Reward By Halving Era
This ring is divided into 34 “Halving Eras” and tracks the bitcoin block subsidy issued by the network in four-year blocks over 132 years. Every time a new block is mined, new bitcoin are issued, and the amount geometrically decreases
Layer 7: Block Reward By Halving Era
This ring is divided into 34 “Halving Eras” and tracks the bitcoin block subsidy issued by the network in four-year blocks over 132 years. Every time a new block is mined, new bitcoin are issued, and the amount geometrically decreases
22/n
Layer 8: More Encoded Information
“Bitcoin: Sovereignty Through Mathematics” @knutsvanholm
“Bitcoin: A Peaceful Revolution” quote from @matt_odell
“Chancellor on Brink of Second Bailout for Banks,” encoded by Satoshi into the coinbase transaction in the genesis block.
Layer 8: More Encoded Information
“Bitcoin: Sovereignty Through Mathematics” @knutsvanholm
“Bitcoin: A Peaceful Revolution” quote from @matt_odell
“Chancellor on Brink of Second Bailout for Banks,” encoded by Satoshi into the coinbase transaction in the genesis block.
23/n
Layer 9: Bitcoin Per Day/Bitcoin Per Year. We can see in 2009, the network produces 7,200 BTC per day, and 2,628,000 BTC per year in the 1st 4-year Halving cycle. In our current era (pictured below), 2020 to 2024, the network produces only 900 BTC per day/ 328,500 per year.
Layer 9: Bitcoin Per Day/Bitcoin Per Year. We can see in 2009, the network produces 7,200 BTC per day, and 2,628,000 BTC per year in the 1st 4-year Halving cycle. In our current era (pictured below), 2020 to 2024, the network produces only 900 BTC per day/ 328,500 per year.
24/n
Layer 10: Bitcoin Total Issuance
This ring displays the Bitcoin total issuance at the end of each Halving cycle. Below we see the 1st and last totals. At the end of the first Halving cycle, 10,500,000 BTC has been mined. By the 34th era, all 21 million BTC have been mined.
Layer 10: Bitcoin Total Issuance
This ring displays the Bitcoin total issuance at the end of each Halving cycle. Below we see the 1st and last totals. At the end of the first Halving cycle, 10,500,000 BTC has been mined. By the 34th era, all 21 million BTC have been mined.
25/n
Layer 11: The 1st Bitcoin Transaction
On January 11, 2009, in block 170, Satoshi sent Hal Finney 10 BTC in the 1st ever bitcoin transaction. That transaction is commemorated here in Layer 11. The ring details the nature of bitcoin spends to create change & receive addresses.
Layer 11: The 1st Bitcoin Transaction
On January 11, 2009, in block 170, Satoshi sent Hal Finney 10 BTC in the 1st ever bitcoin transaction. That transaction is commemorated here in Layer 11. The ring details the nature of bitcoin spends to create change & receive addresses.
I had to break this into 2 separate tweet threads cuz Twitter mafs only allows 25 tweets per thread. Find 26 - 37 here
https://twitter.com/FractalEncrypt/status/1358061218431385605?s=20
I forgot to mention here 18 "blocks" + 3 crests = 21, so it's another reference to the 21 million hard cap limit on bitcoin issuance. Leaving the 18 hanging there in the above tweet didn't make much sense, sorry. 18+3=21
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