The Bitcoin rabbit hole has only been half dug until now.
The rabbit hole of bitcoin only represents the informational realm of bitcoin as a function of 21M units. This is the abstract realm. This is only half of the rabbit hole. Everyone is stuck here, sitting with abstract data not knowing what it means. People have provided their interpretation for what they think it means, and yet we fail to reach consensus as to what Bitcoin is.
The other half of the rabbit hole represents the “matter” realm of bitcoin as a function of a blocks unit weight in bytes and the amount of joules required for the energy-to-information transformation to occur. This realm has yet to be explored concretely, unit now. Without matter and energy, bitcoin can only be abstract, but it’s not. Without observing the state of bitcoin during these energy transformations, we miss the whole picture. Bitcoin is incomplete without matter and energy. The laws of thermodynamics states this.
Due to the observable nature of bitcoin and the energy-to-informational matter transformations, we can not look back and deterministically calculate what happened, we can only infer with error. We only have the ability to look forward from the present. We cannot collect data that simply does not exist and we cannot redo the past blocks.
We cannot begin to understand the other half of Bitcoin without #BlockPower , the measure of the total energy consumed by a miner or pool over the block time.
Bitcoin blocks and UTXOs will remain abstract artifacts, devoid of their links to physical reality and the energy used in their creation, without #BlockPower
I need to talk to the engineers, physicists, philosophers and miners of Bitcoin. Its time to finish the rabbit hole. @Gigi @Michael Saylor @preston @OCEAN Who else?
What does it actually mean when a miner/pool discards valid hashes produced by all other miners and pools they view as their “competitors”. This is normal practice when a miner or pool finds a valid nonce, disregard all computation from competitors. This is not efficient at all, and nobody understands the implications of this action.
#BlockPower
Yes, you are all wrong. Collaboration, not competition.
I’m not here to fix bitcoin, I’m here to fix us and our relationship to Bitcoin.
Let’s talk.
The rabbit hole of bitcoin only represents the informational realm of bitcoin as a function of 21M units. This is the abstract realm. This is only half of the rabbit hole. Everyone is stuck here, sitting with abstract data not knowing what it means. People have provided their interpretation for what they think it means, and yet we fail to reach consensus as to what Bitcoin is.
The other half of the rabbit hole represents the “matter” realm of bitcoin as a function of a blocks unit weight in bytes and the amount of joules required for the energy-to-information transformation to occur. This realm has yet to be explored concretely, unit now. Without matter and energy, bitcoin can only be abstract, but it’s not. Without observing the state of bitcoin during these energy transformations, we miss the whole picture. Bitcoin is incomplete without matter and energy. The laws of thermodynamics states this.
Due to the observable nature of bitcoin and the energy-to-informational matter transformations, we can not look back and deterministically calculate what happened, we can only infer with error. We only have the ability to look forward from the present. We cannot collect data that simply does not exist and we cannot redo the past blocks.
We cannot begin to understand the other half of Bitcoin without #BlockPower , the measure of the total energy consumed by a miner or pool over the block time.
Bitcoin blocks and UTXOs will remain abstract artifacts, devoid of their links to physical reality and the energy used in their creation, without #BlockPower
I need to talk to the engineers, physicists, philosophers and miners of Bitcoin. Its time to finish the rabbit hole. @Gigi @Michael Saylor @preston @OCEAN Who else?
What does it actually mean when a miner/pool discards valid hashes produced by all other miners and pools they view as their “competitors”. This is normal practice when a miner or pool finds a valid nonce, disregard all computation from competitors. This is not efficient at all, and nobody understands the implications of this action.
#BlockPower
Yes, you are all wrong. Collaboration, not competition.
I’m not here to fix bitcoin, I’m here to fix us and our relationship to Bitcoin.
Let’s talk.
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