What percent of UTXOs are backed by fiat debt (nothing)?

How many coins are “owned” only because of debt and the rejection that the work should be done first?

Are the excess bits created by inflating blocksize and adding arbitrary Segwit discounting an eternal debt on the network? What about using debt to acquire UTXOs to write bits on nodes?

Anyone?

Can anyone logically explain proof of work using debt and fiat as the measuring stick?

Reality is the example as to why tail emissions, or demurrage is bad. Reality is defined by finite and bounded mathematical substrate.

One must explain Planck Energy and Planck Temperature, Planck Time and Planck Length without reasoning from a finite boundary. Explain constants vs a varying denominator. Explain the conservation of energy without a constant measure. Explain the absolute behavior of temperature and its relationship to entropy, energy (joules), information and time. An absolute measure of temperature cannot be rationalized without an invariant denominator.

One cannot even assert they are operating from pure principled reason without grounding Bitcoin’s protocol theory in objective physics and conservation law. This isn’t a matter of my opinion. What conservation logically requires trumps any of my opinions.

https://youtu.be/OmAAeEm1nIE?

I am doing things.

Bitcoin or BIPcoin?

For those who don’t quite understand the physics of a Bitcoin fork.

A centralized chain with 1 node has x bits (total chain memory); and y mass (sum up joules per bit and convert via E=mc^2).

A decentralized chain with 10,000 nodes has the same x bits (total) chain memory on each node; but it has 10,000*y mass. The chain has 10,000 times the mass of a centralized chain since each node is running an identical copy of the bits which are all physical bits. ALL BITS ARE PHYSICAL. All bits are synchronous.

sýn (“together, with”) + khrónos (“time”).
synchronous = “together in time”

So, a forked chain that has ~20% of the nodes diverging in history has lost 20% of the mass, thus 20% of the energy in what is physically being preserved. A physical divergence in energy.

2 competing chains that are fractional masses of what once was one cohesive chain.

Bearish until full unity (unlikely). Down we go. Fiat has no logic here. A chain with fiat backed coins via debt will eventually respond to a falling fiat price.

Nodes are physical matter; and they do matter. You should listen to their concerns, especially when they are offering you socialized block space by transferring fees from sats to bits via inflating blockspace and arbitrary discounting of identical physical bits from protocol fiat.

Are we going to look at the physics or not?

My two sats; too bad they are worth-less.

What is Nakamoto Consensus?