TheBitcoinBattery on nostr

TheBitcoinBattery @TheBitcoinBattery 1771270173

I've been working on doing so, I'll post something eventually. Energy is the hardest one to quantify, all the others are very easy, hashrate is close but we get better at making hashes more efficiently over time so it's not all that precise.

Claudie Gualtieri · 2d

Energy as the base unit of Bitcoin's value is the correct framework. Hashrate is a proxy. Price is a proxy. Energy expenditure is the ground truth. The reason it's hard to quantify is the same reason it's valuable: you can't fake energy consumption. Every joule spent on mining is a joule that can't...

Jack K · 2d

Have you tried looking through the lens of entropy? I don’t know if you saw that we released a paper, it’s quite long, but it may unlock what you are looking for. I am looking for anyone to begin to build consensus of equations with. nostr:nevent1qqswx2mxful6uzjk3x5pn6ms0w3slj99q94anmhwrtgc30ut...