avatar
moneyordebt ∞/21M

Following0Followers (X)24.31KPosts424Likes5.86K
avatar

If the world’s fastest supercomputer, the 2.2 Exaflop, 42 MegaWatt, Chinese Line Shine system, was entirely dedicated to Bitcoin hashing, its estimated hash rate using 13.8 million ARM CPU cores would be only in the vicinity of 140 Terahashes/sec. This is barely half of a single Antminer S21 XP, which is also highly parallel but also highly pipelined ASICs for SHA(256) hashes; 273 chips at 0.99 Terahashes/sec each. And that’s an earlier generation mining rig. Next CryptoSuper 500 report will be released next week. @OrionX_net Bitcoin has the world’s most powerful decentralized supercomputing network.

avatar

I’ve been to over a dozen of these. Cities endure because they are power law adhering (Size to the 4/3 power outputs/inputs) metanetworks. Companies less so because they do not generally build sufficient network scale. There are a few trying (obvious AI/cloud names plus Strategy). @ScientificBTC Bitcoin is a meta-network exhibiting power laws of adoption and value.

avatar

Bitcoin is bounded because it is a 1 + 1/2 + 1/4… series. And truncated at 32 terms. 20,999,999.9951 BTC approx. Minus lost coins, and perhaps Satoshi’s coins (?). Might want to get some.

avatar

Nobel Prize quality economics breakthrough in 9 pages. (Building on over 4 decades of cryptographic and game theoretical progress). First truly precisely scientific standard for monetary technology. A 500-year advance with its triple entry ledger. Money 3.0 has reached 18 years of conceptual age.

avatar

The reason why the Bitcoin power law estimate in 2013 (although not well-established statistically at that point) could end up close to correct as seen now is that it is Log Age that matters. That was age 4 plus a little. With a power law it is the doubling of age or the increase of age by some ratio that matters. For example with a β = 5.69 measured exponent (OLS no weighting) a 50% increase in age (1.5 multiple) projects a 10.0 x increase in trend price (coincidentally). So think in terms of ages as geometric series: e.g. 1, 2, 4, 8, 16 years and now we are closing in on 18. The next proportional age would be 32, the year 2041. Patience is in order to evaluate power law endurance and reap the benefits. Age 4 was already ~ halfway to Now in log terms. It turns out that even now due to high auto-correlation only 23 data pairs distributed evenly in log age are sufficient to accurately depict the power law nature. https://t.co/twQiH6VT1n

avatar

Long ago Copernicus worried about monetary debasement. Debasement has been the default for Millennia. Now with Third Millennial Money, Money 3.0, a Triple entry ledger Revolution, with a 3x7 million absolutely finite and standardized supply, humanity finally has an alternative to the sovereign’s debasement. Bitcoin. Self-sovereignty.

avatar

“to learn about a link is to link to it” An entanglement chain proposal for fundamental physics: qubits, qutrits, … To learn about Bitcoin is to join the timechain @ScientificBTC