In mid-September the bitcoin network sustainably surpassed 1 zettahash of hashrate on the network for the first time. In the six weeks since then it's added 100 exahash. To put that in context, bitcoin didn't reach 100 EH/s for the first time until January 2020. The pace of hashrate growth right now is mind boggling. And we're due to have a 6.6% upward difficulty adjustment in about six hours. To anyone reading this wondering what all this means, it means that we're witnessing the exponential growth of the bedrock of the future monetary system. A monetary system that melds the physical and digital worlds to bring us a scare, transparent, divisible, portable and extremely liquid bearer instrument that has separated money and state. I wouldn't sleep on this. View article →