BTCMeansFreedom4All on Nostr: https://youtu.be/eJmWu18pWtI https://www.heartoftheart.org/?p=1230 Because of the ...
https://youtu.be/eJmWu18pWtI
https://www.heartoftheart.org/?p=1230
Because of the mining network subsidy, the difficulty adjustment, and the halving, Bitcoin's price in energy is growing exponentially. But the energy itself costs less as we get better at making it, which dampens this effect on the value.
Bitcoin is programmed to have a maximum of 64 halvings. But unless further division of the network receives consensus as Satoshi himself mused may occur (https://satoshi.nakamotoinstitute.org/posts/bitcointalk/46/), then mathematically only 32 halvings will ever occur.
We're still on the first 4 spaces of the King's (Global society's) chessboard, and we've only increased the granules of rice (joules of energy) per space (halving epoch) to 8 grains of rice (total input from excess energy production).
On space 32 of the chessboard shall be placed: 2,147,483,648 grains of rice, and the subdividing of that space on the chessboard will be into only 488,888 Sats.
Each new halving leads to an epoch where the energy input at least doubles per coin. This is due to the fact that the amount of time and energy required is doubled to get the same number of coins as before.
Humans get better at making energy cheaper all the time, but this effect is offset by the networks continually growing hashrate even between halvings. Stimulated by the difficulty adjustment.
The Bitcoin networks value relative to time and energy is growing exponentially.
Considering "8 grains of rice" (the total value of the mining network represented by 8 grains) is currently being exchanged for 656,350 Bitcoin (total block subsidy over 4 years), the price per Bitcoin is 1/82043.75 or 0.00001218862 "grains of rice".
By the 32nd space in the chessboard of the Bitcoin Blockchain, 1 Satoshi will cost the King 4392.6 grains of rice. That sounds like a lot, too much even, but to meet this unending demand the King has increased rice production enough to meet it. So 4392.6 grains of rice is only 1/488,888 of the total mining network energy input over the 4 years of that epoch.
I have no idea what the excess energy production of the world, and the fraction of it given to Bitcoin, will be at that time; but whatever it is the value of all that energy in the 32nd epoch will be divided into only 488,888 Sats.
You are not bullish enough.
https://www.heartoftheart.org/?p=1230
Because of the mining network subsidy, the difficulty adjustment, and the halving, Bitcoin's price in energy is growing exponentially. But the energy itself costs less as we get better at making it, which dampens this effect on the value.
Bitcoin is programmed to have a maximum of 64 halvings. But unless further division of the network receives consensus as Satoshi himself mused may occur (https://satoshi.nakamotoinstitute.org/posts/bitcointalk/46/), then mathematically only 32 halvings will ever occur.
We're still on the first 4 spaces of the King's (Global society's) chessboard, and we've only increased the granules of rice (joules of energy) per space (halving epoch) to 8 grains of rice (total input from excess energy production).
On space 32 of the chessboard shall be placed: 2,147,483,648 grains of rice, and the subdividing of that space on the chessboard will be into only 488,888 Sats.
Each new halving leads to an epoch where the energy input at least doubles per coin. This is due to the fact that the amount of time and energy required is doubled to get the same number of coins as before.
Humans get better at making energy cheaper all the time, but this effect is offset by the networks continually growing hashrate even between halvings. Stimulated by the difficulty adjustment.
The Bitcoin networks value relative to time and energy is growing exponentially.
Considering "8 grains of rice" (the total value of the mining network represented by 8 grains) is currently being exchanged for 656,350 Bitcoin (total block subsidy over 4 years), the price per Bitcoin is 1/82043.75 or 0.00001218862 "grains of rice".
By the 32nd space in the chessboard of the Bitcoin Blockchain, 1 Satoshi will cost the King 4392.6 grains of rice. That sounds like a lot, too much even, but to meet this unending demand the King has increased rice production enough to meet it. So 4392.6 grains of rice is only 1/488,888 of the total mining network energy input over the 4 years of that epoch.
I have no idea what the excess energy production of the world, and the fraction of it given to Bitcoin, will be at that time; but whatever it is the value of all that energy in the 32nd epoch will be divided into only 488,888 Sats.
You are not bullish enough.