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Well first off, I hope its obvious this whole thing is kind of a joke. It basically just means that more time has passed since the last block than you normally see. There's a conspiracy theory that Bitcoin could fall into a spiral in which difficulty is so high and hash rate so low that a new block would never be mined and the difficulty never reset. I'm basically just trying to poke fun at that here. ...potentially unsuccessfully.

It basically just means that more time has passed since the last block than you normally see.

Here's a nice read

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Oh man. I learned sigma and the summation equation so I could understand the white paper a little better. Now you’re throwing lambda at me!?

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Just wait til he throws a Markov chain at you.

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