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What if you theoretically discovered what bitcoin is in your pursuit to study its physics, and are precisely worried about this in terms of releasing your findings….

Not fiat power law physics, like quantification of btc in joules based on entropy creation/resolution.

Bitcoin can be priced in joules solely from just the blockchain data 👀 no fiat science

TheBitcoinBattery 1y ago

Bitcoin IS priced in Joules.

Bitcoin and Joules are also priced in Dollars.

Bitcoin/Joules/Dollars provide us a value tracking triangle that allows us to see if one of the markets is unbalanced.

If the price of both Bitcoin and Joules skyrocket equally, then we know it's more likely the dollar that is collapsing.

If the price of Bitcoin rises in Dollars far faster than Bitcoins price in Joules, or Joules price in Dollars, then we know that Bitcoin itself is climbing on its own due to fomo (this occurs in the last few months of the bull runs).

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Discussion

PiecoverBTC 1y ago

Bitcoint is not just joules or energy, it is also priced in "time", time is priceless

Jack K 1y ago

Well, because you know the joules of the system and you know the time started in 1/3/2009… you can calculate the wattage of bitcoin as well.

It’s also power (energy over time), but the energy is conserved in immutable information, which has mass (bytes) on the blockchain.

TheBitcoinBattery 1y ago

Yes!!! Time is the ultimate source of value, and every 4 years the network reprices itself relative to BOTH Time and Energy. It's beautiful.