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  <title>Moose | Kaspa Explained</title>
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      <p class="eyebrow">Guest work</p>
      <h1>Moose</h1>
      <p class="lead">Two books and a companion, hosted here in full at his request. Printed as he wrote them, and not part of what this site checks.</p>
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        <a class="button" href="https://x.com/THEMOOSEISLOOS5">Moose on X</a>
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      <h2>Satoshi’s Engine</h2>
      <p>How mining pays, how competition changes its costs, and what survives each market cycle. The story, the math, and the role of fees. Updated edition, subtitled <em>Carnot local, Brownian global</em>. English: 89 pages. Swedish: 88 pages.</p>
      <p><em>The Loops Inside the Engine</em>: a six-page companion with feedback-loop diagrams and a view of the cycle in motion.</p>
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      <h2>The Instrument</h2>
      <p>How to judge money by what it costs to make. Three parts: the case packed as tight as it goes, then the same ground walked slowly from two laws of physics, then the tool aimed at things it was not built for. 279 pages.</p>
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