@The Bitcoin Lens @npub18384...aslh @PlebNick @npub1azrg...jl96 @npub1lh27...a9nk @npub1wnlu...n3wr We need to go beyond BIP-110. We need The Mass-Value Bound on Bitcoin. The M-Bound: every byte of a block must be backed by 100 satoshis of inscribed value. One new consensus rule — M(t) = τ_t / W_t ≤ 0.01 — prices memory against value, auto-tightens as subsidy halves, and makes the Landauer attack economically non-viable. Please have a read on: https://artel21.vercel.app/mass-value-bound.html

The Landauer Attack on Bitcoin "The cost of not erasing a bit is the same shape as the cost of erasing it — it must be paid by someone." Why BIP-110 is not enough? Read on: https://artel21.vercel.app/landauer-attack.html @npub1azrg...jl96 @The Bitcoin Lens #bitcoin #bip110

Let's start measuring things in Joules. Every produce or service can calculate (or at least estimate) how much energy they spent. Then you can exchange it for satoshis which are backed by the same Joules. Act of pricing becomes how much premium you assign to products.

Bitcoin Economics — ARTEL 21

#bitcoin

So interesting to see proof-of-work and privacy cyperpunks turn away from Bitcoin. Bitcoin is an ego-test not IQ-test.

Experimental energy exchange metric on Bitcoin. As we know Bitcoin mining consumes a lot of this energy but it's not wasted. It can be used see how such energy translates into Bitcoin. Logic as follows: if you exchange energy for Bitcoin at block height X and then exchange Bitcoin back for energy at block height Y then Energy Y - Energy X > 0. As you can see on the graph first two epochs had energy dropping because supply was expanding rapidly. Upward trend locked in in 3rd epoch. Key insights: * latest blocks represent 1500 barrel of oil equivalents * 1 BTC = 17.58 barrel of oil equivalent * Joules per BTC keep climbing last 500k blocks @Jeff Booth #bitcoin #energy #deflation

Finished running full chain analysis using @The Bitcoin Lens equations. Stopped at 954363 blocks today. Key observations: * Block energy, block temperature, nonce temperature keep dropping, especially when halving comes * Cumulative nonce temp reached 0.042264034513686446 normalized * Cumulative block energy reached1833822157.8938866 joules * Fastest increase of cumulative happened in first1000 blocks reaching >99% of latest values, first 10k blocks amounted for >99.9% * Theory works in calculations @npub18384...aslh @PlebNick @Michael Dunworth #bitcoin #quantum

@npub1rxys...hnp8 @walker @MartyBent will appreciate you taking a look at the Bitcoin Energy research we’ve done.

Take a look at our work on describing Bitcoin as thermodynamically sound system. #bitcoin #nostr

Processed 651k blocks. Cumulative energy and nonce temp stays locked in since early blocks. @The Bitcoin Lens @npub18384...aslh Also started looking at how much energy permanently sunk into Bitcoin (excluding dissipated heat). It would be nice to review methodology and equations but we could be be talking Terra Joules and Barrel of Oil Equivalents after block 640000. Keen to hear feedback on this. Latest data on

Bitcoin Energy — ARTEL 21

#bitcoin #physics #economics

"So, the conclusion is not that Bitcoin changes economics, nor even that it changes physics, but that it changes us. It forces us to confront permanence, responsibility, and truth in the same act. It gives us a medium where nothing is forgotten and nothing can be revised. In such a world, the question is no longer “What is Bitcoin?” but “What are we prepared to inscribe?” For in the end, the ledger will preserve whatever we choose. And we will live inside that memory forever." - @The Bitcoin Lens It make me think hard about BIP-110. #bip110

Almost a year ago! Crazy!

"If there is a frequency to Bitcoin, it is this: a quiet insistence that truth must be purchased, that time must be earned, that reality must be conserved. We can tune to that frequency or ignore it, but the chain will not bend to accommodate us. The ledger grows whether we understand it or not. Its permanence does not require our permission; only our witness." - @The Bitcoin Lens #bitcoin

Re-calculated @The Bitcoin Lens equations over 441k blocks. Thanks @npub18384...aslh for providing feedback and guidance! .I wouldn't be able to make it without you. Curious to hear your view on results for cumulative block energy and block temperature. Keen to run it on a full chain if 441k results look promising. @PlebNick @Michael Dunworth your feedback will be appreciated as well! Here's the results:

Bitcoin Energy — ARTEL 21

#bitcoin #thermodynamics