https://bitcoinlens.net/
Thank you for the feedback! You are actually the first person to comment on any of the equations. Seriously, thank you🧡. I only want this to be an open discussion to push ...
>the “information” is talking about the probability of specific bits of value (satoshsis) versus the current supply.
it may be the lower boundary, in ideal case; actually, blockchain contains much more information (ways of sats, NFT, timestamps), also, some data (such as trades on centralized exchanges, or LN "zaps") are outside. (well, it's not strictly scientific thought, - it just comment, - because you use other definitions of entropy. )
So, in that case, the leftmost part of your last equation is counter-intuitive. It may means that the more we use zaps/LN/"external" flows, the more nonce will need to gain the next block, (while it seems to be independent variables).
So, your formulaes seems to be more idealistic than materialistic to me...
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by the way, about the leftmost part of your last equations: there were a lot of altcoins/shitcoins, where difficalty falls more and more over time, until they become deadcoins.
> Best to use an LLM if you are low on time.
I don't wanna to giveover my pleasure to the machines :)
it may be the lower boundary, in ideal case; actually, blockchain contains much more information (ways of sats, NFT, timestamps), also, some data (such as trades on centralized exchanges, or LN "zaps") are outside. (well, it's not strictly scientific thought, - it just comment, - because you use other definitions of entropy. )
So, in that case, the leftmost part of your last equation is counter-intuitive. It may means that the more we use zaps/LN/"external" flows, the more nonce will need to gain the next block, (while it seems to be independent variables).
So, your formulaes seems to be more idealistic than materialistic to me...
***
by the way, about the leftmost part of your last equations: there were a lot of altcoins/shitcoins, where difficalty falls more and more over time, until they become deadcoins.
> Best to use an LLM if you are low on time.
I don't wanna to giveover my pleasure to the machines :)
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