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The Principled Path

Bitcoin from First Principles

"If you strip away every assumption and start only with nature's rules — energy, scarcity, incentives, and entropy — Bitcoin is what remains."
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5
Stages
15
Modules
~115
Minutes
15+
Interactive Labs

Why First Principles?

Most people learn Bitcoin backwards — starting with wallets, transactions, and technical details. The Principled Path takes you deeper: we start with the laws of physics, human nature, and information theory.

By the end, you won't just understand how Bitcoin works — you'll understand why it must exist.

Energy
Value requires work. Digital scarcity must be anchored in physical reality.
Incentives
Systems fail when incentives reward betrayal. Bitcoin aligns self-interest with honesty.
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Information
Truth requires verification. Centralized trust doesn't scale.
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Emergence
Bitcoin isn't designed — it evolves. Complex order from simple rules.

Your Journey Through First Principles

Five stages that build from physics to civilization

1

Foundations of Reality

Energy, Entropy, and the Laws of Value

"Before there was money, there was energy. Before there was corruption, there was entropy."

Discover why all durable systems obey physical and informational laws — and why money can't escape thermodynamics.

📝 3 Modules
~20 min
3 Interactive Labs

Modules:

1. The Law of Conservation of Value
Understand that value, like energy, cannot be created from nothing.
2. Entropy and Corruption
Recognize entropy as a universal law — disorder increases without work.
3. The Role of Rules
Discover how unchangeable rules make complex systems stable.
Begin Stage 1 →
2

Human Systems & Incentives

Why Trust-Based Systems Leak

"When power concentrates, corruption compounds."

Explore why groups fail to cooperate, how monetary systems degrade, and what happens when transparency is lost.

📝 3 Modules
~25 min
4 Interactive Labs

Modules:

1. The Coordination Problem
See why groups fail when incentives reward betrayal.
2. The Corruption Curve
Trace how monetary systems degrade as trust layers increase.
3. Trust, Power, and Accountability
Examine why power corrupts when transparency is lost.
Begin Stage 2 →
3

The Information Revolution

The Tools that Made Trustless Systems Possible

"When information became global, trust didn't scale. So we taught machines to remember."

Learn how public-key cryptography, proof-of-work, and distributed consensus evolved — and why Bitcoin was inevitable.

📝 3 Modules
~25 min
3 Interactive Labs

Modules:

1. The Building Blocks of Digital Trust
Grasp the three inventions that made Bitcoin possible.
2. The Ledger as Civilization's Memory
Understand why societies evolve by improving their ledgers.
3. The Cost of Truth
Learn why truth requires energy — and why that's good.
Complete Stages 1-2 First
4

Bitcoin as an Emergent System

Order from Energy and Incentives

"Bitcoin isn't built — it evolves."

Connect physics, incentives, and computation into a living system of truth. Watch how Bitcoin self-regulates and adapts.

📝 3 Modules
~25 min
4 Interactive Labs

Modules:

1. The Physics of Proof
Link physical work to digital security.
2. Incentives and Game Theory
Understand why Bitcoin's design keeps participants honest.
3. Bitcoin as a Living Organism
Appreciate Bitcoin's adaptive, self-healing nature.
Complete Stages 1-3 First
5

Beyond Money

The Wider Consequences of an Honest Ledger

"When truth becomes unbreakable, everything built on truth must evolve."

Explore Bitcoin's impact on energy, verification culture, and the future of human coordination.

📝 3 Modules
~20 min
3 Interactive Labs

Modules:

1. Energy Civilization
Explore how Bitcoin redefines energy use and economics.
2. Verification Culture
Envision how Bitcoin's principles extend beyond finance.
3. The Future of Human Coordination
Understand Bitcoin as a blueprint for post-institutional civilization.
Complete Stages 1-4 First

Final Capstone Challenge

After completing all five stages, demonstrate your mastery by explaining Bitcoin from first principles. Choose your format and earn your badge.

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Bronze: Foundational
Complete all 15 modules
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Silver: Articulate
Bronze + Pass 1 capstone format
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Gold: Principled Thinker
Bronze + Pass 3 capstone formats
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Diamond: Original Insight
Gold + Contribute 1 original insight