Replying to Avatar royster⚡️

These are all good questions. And yea not certain that L2 completely fits but it’s something like that. It is true that Bitcoin ultimately relies on the security guarantee of intelligent beings existing in meat space to run the code and keep the lights on and ascribe value to it. If earth blew up Bitcoin would be gone just like if Bitcoin breaks lightning breaks. They both are dependent on the L1.

Earth being a single point of failure is problematic. Would be more interesting if and when we get to a place where bitcoin or its descendant is running in many solar systems.

But then the Milky Way galaxy is a single point of failure.

Inter galactic bitcoin may be the thing that truly transcends physical limitations.

It’s possible that thing already exists and earth’s wimpy bitcoin blockchain is akin to some dude running a bitaxe hoping to get lucky in the inter galactic hash wars
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Earnest Holden 7mo ago

Every black hole points to a civilization that already discovered Bitcoin.

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Jack K 7mo ago

Or, it points to a singular address where the keys are lost and all UTXOs deposited can never be spent. Go send your btc to Satoshis address, a black hole. The energy is accounted, but nothing leaves.

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royster⚡️ 7mo ago

Yea that’s cool. One thing I’ve thought about is, since bitcoin is its own arrow of time. What if you went off and hashed on your own for a while then came back and did an incredibly huge chain re-org. I’m talking 100,000+ block re-org. What if that disturbance in the time chain was enough to rattle the meat space time chain such that you could re-org reality. Basically it would give you write permissions on history and thus on the present. Seems like something nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0t9k57a should work into her sci fi novel

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Earnest Holden 7mo ago

Assuming your proof-of-work was heaviest, you would certainly re-org reality by reallocating wealth (and thus the ability to influence reality in the future).

Now, how you would produce more proof-of-work than the rest of the network combined for 100,000 blocks is another question.