BTCMeansFreedom4All on Nostr: Very interesting! I'd love to see an in depth article or chart showing the joules of ...
Very interesting! I'd love to see an in depth article or chart showing the joules of the network and the joules per Bitcoin over time.
IMO the 21,000,000 number is basically irrelevant and a marketing ploy (Sacrilege!). What's more relevant is that the total supply will never be meaningfully debased, instead the new supply halves every 4 years so the energy and time input per new Bitcoin continues to grow which drags the price on the open market up along with it.
Bitcoin's market cap is capable of going significantly higher than everything else combined. Because the market cap is meaningless. The average cost of production of new coins in Time and Joules is what matters.
IMO the 21,000,000 number is basically irrelevant and a marketing ploy (Sacrilege!). What's more relevant is that the total supply will never be meaningfully debased, instead the new supply halves every 4 years so the energy and time input per new Bitcoin continues to grow which drags the price on the open market up along with it.
Bitcoin's market cap is capable of going significantly higher than everything else combined. Because the market cap is meaningless. The average cost of production of new coins in Time and Joules is what matters.