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Bitcoin Maxis who fail to understand the true nature of Bitcoin—rooted in energy, thermodynamics, and physics—are lost and leading others astray. Bitcoin, the very tool designed to liberate us from fiat’s distortions, has instead been co-opted by the same fiat mindset we sought to escape.

Attempts to describe Bitcoin’s price through fiat valuation inherently tie its analysis to a flawed and ever-changing metric. Fiat currencies are unmoored from any universal constant, subject to manipulation, inflation, and centralized policy. By anchoring models to fiat pricing, we perpetuate the illusion of value derived from an arbitrary system, making these models nothing more than expressions of fiat—not Bitcoin’s true nature.

When viewed through joules, however, Bitcoin’s true foundation is revealed: its value is energy, with every satoshi representing a quantifiable amount of work performed through mining. This perspective eliminates fiat distortions, linking Bitcoin’s scaling and dynamics directly to the conservation of energy and entropy resolution. A model based on joules acknowledges Bitcoin’s alignment with thermodynamic laws, making it a universal constant instead of a fiat-relative abstraction. This approach doesn’t just describe Bitcoin’s behavior—it defines it through the immutable physics it embodies.

Are Bitcoiners ready to confront the uncomfortable truth? By obsessing over the abstraction of 21 million units without anchoring it to a physical constant, they are perpetuating the very fiat mindset they claim to oppose. Without defining Bitcoin’s foundation in energy and thermodynamics, they’re not escaping fiat—they’re recreating it in a new guise. It’s a distraction from Bitcoin’s true nature and its profound alignment with universal laws.

Yes, you are all wrong. I was too. It’s time to move beyond fiat illusions and see Bitcoin for what it truly is.

Something special is coming in 2025. Observation collapses the state, and the gravity of it all is inescapable.

#BitcoinFixesPhysics

#SatoshisConstant

wave.space 🇪🇺 1y ago

You're correct - fundamentally Bitcoin is derived from energy in a rather straightforward system compared to other convoluted and inefficient constructs humanity has had. However, wouldn't you agree that Bitcoin's value has a social component to it that goes beyond it's pure energy value?

Bitcoin is currently priced in what society agrees to be the most common denominator to reach the maximum understanding, but it's inevitable that Bitcoin will naturally become the unit of account itself at some point.

Maybe I'm missing something, but I don't fully understand why it's bad for society to have such abstraction as satoshis to be de facto "value" denominator, especially if going one level "deeper" into joules does not encompass the full value society assigns to it? In other words, Bitcoin will always buy more energy than it costs to make it.

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Jack K 1y ago

You’re right—Bitcoin’s value does have a social component, and its current pricing in fiat terms is practical for widespread understanding. However, this abstraction is incomplete. The issue is that fiat thinking distorts our understanding of value itself.

Satoshis, as a unit of account, are ultimately tied to energy and entropy resolution. By grounding Bitcoin in joules, we align its value with a universal constant, rather than relying on human consensus prone to manipulation. Joules don’t replace the social value of Bitcoin; they ensure it’s anchored in physical reality, immune to the infinite abstractions fiat allows.

The idea that “Bitcoin will always buy more energy than it costs to make it” reinforces why this framework matters. Joules provide a foundation for value that is immutable, while the social component adds layers of scarcity, trust, and security on top. Without this foundation, we risk repeating fiat’s errors by overvaluing abstractions detached from reality.