nhorozov.xyz/thoughts/2026-09-20

trustless things are neat

i like systems in which many people each wanting different things can create something bigger.
if you want to evenly split a cookie with a friend, you can ask your friend to split it for you, and then you can pick the bigger piece. I like that a lot.
I never really had a good understanding of markets before reading the bitcoin whitepaper (~January 2025) and then i had a few brief moments of comprehension in which i could fit the whole system in working memory, and i really liked how you could engineer away a need for trust (with some tradeoffs, like that this depends on no one having >~50% of the compute)