In Nature of Lien
“A lien is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.” Wikipedia.
Wiki further elaborates the etymological root [of lien] is Anglo-French lien, loyen “bond”, “restraint”, from Latin ligamen, from ligare “to bind” — and can be consensual or non-consensual.
Quasi Object
A reorientation recently propelled a weight to the surface; in other words, refining Bitcoin’s proof of work.
“If the Coin does not have an identity in the same way as some commonplace objects as balls may have, then what kind of object is it?” Jouko Salonen
In analysis to Satoshi’s observation on honesty in the chain outpacing [other] chains with [less] honesty— and that work can be “made” using a computer in respect of such a configuration— there is further statement:
“…you have actually created something living that grows and competes against other similar living entities. An evolutionarily potent game machine.” Jouko Salonen
Pricing the Future
In light of recent Bitcoin upside movement, this tweet was posted in respect of futures markets:
The essence [of such] is that Bitcoin does not share the immediate demand as other crypto assets which represent other [and] competing chains.
Just as re-examining the nature of [Bitcoins] as physical objects [in the quasi sense], the re-evaluation of the kind of commodity Bitcoin is counters many of the traditional characteristics of [what] commodities actually are: in any other context, Bitcoin’s proof of work becomes useless.
The Immediacy of Honesty
Understanding cash [in the way Satoshi framed it] as a trust euphemism seems the only way of understanding the quasi objective nature of the coin [as] a chain of digital signatures.
In this nature — and in nature of the lien as a bond — the quasi object as a figurative honesty index would appear to mean [the] language itself becomes an objective of its own, in the way it flows and optimises to a greater or lessor performative degree.
