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What is Blockspace Value Theory?

BVT, a living document and an untested thesis about tokens built on consumed Bitcoin blockspace.

Blockspace Value Theory (version 3.0, July 2026) is a living document and an untested thesis. It proposes that tokens linked to files committed on Bitcoin, such as runes, BRC-20s and inscribed sats, form one commodity market denominated in kilobytes, with a price floor proportional to the kilobytes consumed. Its central open question is whether markets price kilobytes or fees.

Sources #

  1. Blockspace Value Theory · block.space/docs/bvt
  2. block.space docs: Blockspace Value Theory · block.space/docs/bvt

Updated 2026-10-20 · This page as Markdown