The term bitcoin is a metaphorical software abstraction. The term bitpower is a literal description of what the bits of information secured by the protocol are.
Discussion
Lots of mental gymnastics involved to make that sound right imo. But to each their own.
Read the image I posted
I did. 🤣
That's mental gymnastics?
It's first principles, systems thinking.
I guess masters thesis is hard to understand for most people..
I'm just an 80 IQ pleb, but information is not energy and bitcoin is neither. Electricity can be used/spent/expended to create information, but that's not a transformation.
Horrible take. Bitcoin is literally physically expensive and systemically secure bits of information people are choosing to represent financial bits of information.