Bitcoin-glossary.com on Nostr: The #computing #power of the #Bitcoin network does over 800 quintillion calculations ...
The #computing #power of the #Bitcoin network does over 800 quintillion calculations per second.
Quintillion.
Per second.
One quintillion seconds was 32 billion years ago. Multiply that by 800 and you get 25.6 trillion years.
The Big Bang supposedly happened 13.8 billion years ago.
25.6 trillion divided by 13.8 billion = 1,855.
The computing power of the #Bitcoin network is 1,855 times the length of the universe’s existence.
Now, calculations per second (a rate of computation) and seconds (a unit of time) aren’t necessarily relatable. This is more about understanding the magnitude of 800 quintillion calculations per second.
Bitcoin's computing power is #compounding year over year.
This is an #exponential function. The Bitcoin network is getting exponentially stronger, more powerful, and more #secure.
Bitcoins will be created and mined across 131 years (2009-2140). If you divide that timeline by 10, you'd get 13.1 equal periods of 10 years.
We are 16 years into Bitcoin's existence. We're not even at the second hash mark (the second period).
You are exponentially early.
What does this all mean?
Bitcoin represents humanity's first #digital #monetary #system with an absolutely #scarce #supply. Storing your money in an absolutely scarce system means your monetary #energy can never be debased - it can never be inflated away and devalued. They can print more dollars, they can find more gold, they can build more houses... they can never make more than #21 million bitcoins.
That system of absolute scarcity is now getting EXPONENTIALLY MORE SECURE with each passing year.
This means...
There is probably no better place to store your wealth.
Bitcoin is the apex predator of wealth storage.
You cannot store your value better than in a place that is verifiably, absolutely scarce, especially when that place is secured by computers doing 800 quintillion calculations per second.
There is an asset that they are NEVER making any more of secured by 25.6 trillion years of time - aka, secured by a computer network that does 800 quintillion calculations per second.
If you don't own any BTC... WTF are you doing?????
Satoshi Nakamoto birthed Bitcoin 16 years ago, on January 3rd, 2009.
Since then, people and computers all over the world have continuously joined the network to secure that innovation *without a single ounce of coercion, marketing, or central authority*. EVERYBODY JOINED BECAUSE THEY CHOSE TO.
Why? BECAUSE PERFECTLY STORING YOUR MONETARY ENERGY IS PRETTY COOL. LIFE IS FANTASTIC WHEN IT GETS MORE AFFORDABLE OVER TIME. CHOOSE BITCOIN AND NEVER DEAL WITH INFLATION AGAIN.
Do you get it? #Inflation sucks. Central bankers suck. The financing of endless wars sucks. Politicians sending your money to fund transgender frogs on Mars sucks.
You don't have to be in that system, thanks to Mr. #Satoshi #Nakamoto.
More people and more computers are joining, and will join, #Bitcoin because they want to secure the innovation that protects and propagates their wealth better than any other asset in the universe, until the point where an overwhelmingly massive amount of #human and computer power have joined the network, at which point the world will realize they can use #Bitcoin as money, just as #Satoshi #Nakamoto wanted #Bitcoin to be used.
You don't have to buy any #bitcoin, but... it might make sense to get some... just in case it catches on.
Quintillion.
Per second.
One quintillion seconds was 32 billion years ago. Multiply that by 800 and you get 25.6 trillion years.
The Big Bang supposedly happened 13.8 billion years ago.
25.6 trillion divided by 13.8 billion = 1,855.
The computing power of the #Bitcoin network is 1,855 times the length of the universe’s existence.
Now, calculations per second (a rate of computation) and seconds (a unit of time) aren’t necessarily relatable. This is more about understanding the magnitude of 800 quintillion calculations per second.
Bitcoin's computing power is #compounding year over year.
This is an #exponential function. The Bitcoin network is getting exponentially stronger, more powerful, and more #secure.
Bitcoins will be created and mined across 131 years (2009-2140). If you divide that timeline by 10, you'd get 13.1 equal periods of 10 years.
We are 16 years into Bitcoin's existence. We're not even at the second hash mark (the second period).
You are exponentially early.
What does this all mean?
Bitcoin represents humanity's first #digital #monetary #system with an absolutely #scarce #supply. Storing your money in an absolutely scarce system means your monetary #energy can never be debased - it can never be inflated away and devalued. They can print more dollars, they can find more gold, they can build more houses... they can never make more than #21 million bitcoins.
That system of absolute scarcity is now getting EXPONENTIALLY MORE SECURE with each passing year.
This means...
There is probably no better place to store your wealth.
Bitcoin is the apex predator of wealth storage.
You cannot store your value better than in a place that is verifiably, absolutely scarce, especially when that place is secured by computers doing 800 quintillion calculations per second.
There is an asset that they are NEVER making any more of secured by 25.6 trillion years of time - aka, secured by a computer network that does 800 quintillion calculations per second.
If you don't own any BTC... WTF are you doing?????
Satoshi Nakamoto birthed Bitcoin 16 years ago, on January 3rd, 2009.
Since then, people and computers all over the world have continuously joined the network to secure that innovation *without a single ounce of coercion, marketing, or central authority*. EVERYBODY JOINED BECAUSE THEY CHOSE TO.
Why? BECAUSE PERFECTLY STORING YOUR MONETARY ENERGY IS PRETTY COOL. LIFE IS FANTASTIC WHEN IT GETS MORE AFFORDABLE OVER TIME. CHOOSE BITCOIN AND NEVER DEAL WITH INFLATION AGAIN.
Do you get it? #Inflation sucks. Central bankers suck. The financing of endless wars sucks. Politicians sending your money to fund transgender frogs on Mars sucks.
You don't have to be in that system, thanks to Mr. #Satoshi #Nakamoto.
More people and more computers are joining, and will join, #Bitcoin because they want to secure the innovation that protects and propagates their wealth better than any other asset in the universe, until the point where an overwhelmingly massive amount of #human and computer power have joined the network, at which point the world will realize they can use #Bitcoin as money, just as #Satoshi #Nakamoto wanted #Bitcoin to be used.
You don't have to buy any #bitcoin, but... it might make sense to get some... just in case it catches on.