Because φ = 1 + 1/φ, substituting into itself forever gives the simplest continued fraction possible: φ = 1 + 1/(1 + 1/(1 + …)) — all ones. Continued fractions with large terms converge fast (a big term is a good rational shortcut); φ's terms are the smallest they can be, so it converges as slowly as any number can. That is the precise sense in which φ is the “most irrational” number — the hardest to approximate by fractions. i13 generates it by iterating the map x → 1 + 1/x until it stops moving.
The demo iterates x → 1 + 1/x from a seed and watches it spiral into φ — the fixed point of the map: live demo
“Every irrational is equally hard to pin down by fractions.” — not so: φ's all-ones continued fraction makes it the worst-approximable, the most stubbornly irrational number of all. cited
The simplest continued fraction is the hardest number to approximate. φ is extremal by being minimal. [1;1,1,1,…]
On the canonical compiler, iterating x → 1 + 1/x twenty-five times converges to 1.6180339887… — ten digits, from nothing but a one and a divide: