NVIDIA CEO: “#Bitcoin is taking excess energy, storing it into a new form, it's called currency.”
“And you take that currency wherever you like. So you took energy from one place and now you've transported it everywhere.”
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More and more people are beginning to understand that Bitcoin is universal energy money.
Not him too. This is Saylor's nonsense rhetoric.
Bitcoin does not condense, store, or transfer energy (beyond what all networked computers do).
POW on a massive scale requires a lot of energy because it's a massive amount of computation. The vast majority of the input energy is converted to waste heat.
Saying otherwise betrays a lack of knowledge of computer science and/or physics.
Commentooor claims that genius rocket scientist/ greatest chip designer in the world don’t grasp physics.
He's obviously brilliant and I like and respect him personally after watching his recent interview with Rogan.
However, what I said was unequivocally accurate and what Jensen said in this clip is nonsense.
BTW, he doesn't design the chips. He manages the largest company in the world and does hype PR campaigns. I also doubt he knows much about rocketry.
I suspect he's just playing into the rhetoric, rather than trying to make a sound technical argument.
“what I said was unequivocally accurate” lol. Cool story Hansel. This statement is the red flag of red flags.
Are you capable of making rational arguments?
Explain how Jensen's statement is accurate and how mine is not.
I almost feel bad continuing this with you - it's not sportsmanlike to have an intellectual argument with an unarmed man.
If energy spent produces only heat, how do you explain the existence of a persistent block afterward? What physical process made that block real?
Why can every node instantly reject an invalid block without redoing the work? If the work left no informational trace, wouldn’t validation require recomputation?
Is it possible that nobody has the proper framework to articulate this fully because we have not yet understood how bitcoin is the intersection of computer science, information theory, economics and physics into a measurable instantiation of time itself?
Clearly time is the biggest problem in physics; nobody has a full grasp on entropy.
I find it odd that Bitcoin produces time from entropy. Must be nothin’
> Why can every node instantly reject an invalid block without redoing the work?
Because it takes a massive amount of compute to brute force the output of a hash function to have a long string of consecutive leading zeros (aka POW), and it takes very little compute to verify cryptographic signatures and hash outputs.
That's why they're sometimes referred to as "trapdoor functions."
Regarding where the energy goes, consider a solo mining rig that never finds a block. It heats the house, it doesn't magically condense the physical energy into "digital energy."
You’re describing only the local thermodynamic outcome of a failed miner (heat) while ignoring the global thermodynamic structure that Bitcoin mining actually operates inside.
A solo rig that never finds a block contributes no local informational change. Yes we both agree here, but it absolutely does tehcnically contribute to the global entropy field set by the difficulty target. That difficulty defines a Boltzmann entropy surface over the 32-bit nonce space. The expected energy for a valid block is determined by that landscape, not by any individual machine’s waste heat.
This framing only accounts for dissipation, not for the fact that difficulty predefines the energy budget required for a valid state transition by quantizing the search space. This entropy field exists independently of any miner; it is the global thermodynamic environment into which miners inject work. A valid block header is a statistically rare microstate. It is the structured residue of the dissipated work and that is precisely why nodes can validate it instantly: the improbability is preserved in the structure.
Yes a failed solo miner’s energy becomes heat, but the network’s energy budget (the real cost of producing one improbable, verifiable microstate) is governed entirely by the thermodynamics of the difficulty field. Until you account for that, you’re not describing the whole system and the underlying transformation.
Wonder why NVIDIA has never discussed buying it, or have they?
Interesting that this guy is good friends with Trump…
