When people say hash follows price, they mean hash follows the Ten Minute Difficulty target, right?
Because Satoshi started mining #Bitcoin before there was purchasing power, right?
So maybe purchasing power follows some derivative of Proof of Work with respect to time + users?
New #Bitcoin Valuation Model
Purchasing Power of #Bitcoin is some function of the derivative of Total Accumulated Proof of Work with respect to Time plus or multiplied by Metcalfe’s Law. 🤷🏻♂️
PP of #BTC = (dW / dT) +/* N^2
So basically #Bitcoin = the definition of Power in Physics + Metcalfe’s Law + flawless and immutable chain of accounting memory that is created by user power and user nodes.
