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First of all Variable speed of Light is an active research topic ... https://www.perplexity.ai/search/quantum-theory-for-variable-sp-rdB4vprnR7elxp72icvl9g#0

Second - assuming speed of light is CONSTANT .. how does that explain that Bitcoin price WILL NEVER be a constant ? If you are comparing BTC with speed of light than it should always have a fix price !

exist270 5mo ago

VSL is strictly theoretical & zero evidence exists to support it because we literally can't observe/measure/test it. Quantum Field Theory & General Relativity bind light speed as a universal constant. Everything we have ever observed or measured is bound by that speed & nobody has ever disproven it. 💁‍♂️

You're misunderstanding the analogy. You're drawing the parallel that if the speed of light exists, then everything should travel at light speed. I never stated that price is a constant; I said that the value is a constant.

The #BTC QUANTITY is a constant; ~21M coins total.

∴

The #Bitcoin VALUE is also bound by that constant; ₿1 = ₿1.

The #BTC PRICE is a variable that can fluctuate anywhere from 0-100% of economic energy.

Just like different bodies of mass can have differing speed properties based on the physical energy input/output of the system, the Bitcoin price can fluctuate based on applied economic energy in the system.

Based on total global economic value, the Bitcoin network is currently sitting at ~0.069% of global economic value (~$3.53 quadrillion) at a price of ~$116K.

If it was:

1% = $1.68M per coin

10% = $16.8M per coin

100% = $168.1M per coin

These numbers are obviously variable since total global value isn't constant & we will never reach 100% of total global value because humans will always value things other than Bitcoin (and because money can be printed out of thin air), but the current theoretical "speed limit" applied to the price variable is $168.1M per coin, bound by the network constants. 🤷‍♂️

Theory still holds. 🤙

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Discussion

Satosha 5mo ago

Sure .. in 1875 , before Maxwell arrived on the scene , the speed of light was believed to to variable ... In the hindsight , that might be true ..because the only reason we cant get to a unified theory is we are (thanks to Einstein :-) assuming speed of light to be fundamental constent .. there is absolutely no good reason for this assumption except the measurements with our rather arcane instruments and religious esq belief ..

But that is not even the main point ...

Just replace in btc in your analogy with xyz ..and you would notice same dreamy valuations 😂😂😂

The point is people are still going to eat , live in a home , invest in businesses , wear jewelry ... And most importantly - convert raw energy to electricity to run Bitcoin miners ..

On the other hand , my predictions are based on a simple idea - the market cap of Gold and BTC must be equal in 2034 .. in 2034 ..we will have around 210 million Kilos of gold and 21 million Bitcoin .. which means one BTC shall be equal to 10 kilos of gold ..

Gold will represent to real world and BTC shall be gold of digital world ..

exist270 5mo ago

While they will absolutely have the same market cap at multiple points, #Bitcoin will never be pegged to #Gold or retain a lock-step value or market cap. 💁‍♂️

#BTC will reach inevitable parity, then exceed #XAU simply because ₿'s inflation rate is already lower than #GLD & eventually falls to zero (which gold will never do). 🤷‍♂️

Nothing stops this train. 🤙