Bit Shannon

42 posts

Bit Shannon

@entropyexporter

bitcoin is the highest fidelity control signal for maximum entropy export with minimum energy loss

Kardashev scale Katılım Ekim 2020

289 Takip Edilen67 Takipçiler

Sabitlenmiş Tweet

Bit Shannon@entropyexporter·21 Oca

Bitcoin is the highest-fidelity control signal for coordinating available energy in a system of civilisational scale such that its entropy is maximally exported to the rest of the universe with the least amount of energy loss.

English

291

Bit Shannon@entropyexporter·2d

@EliNagar Fidelity is enforced by irreversible entropy export enabled by energy. Out of all alternatives (bitcoin, gold, fiat, etc), bitcoin exports the most entropy while also using surplus/otherwise dissipated energy. Gold/fiat exports less entropy and use redirected/not surplus energy.

English

Eli Nagar@EliNagar·2d

@entropyexporter I like the framing, however fidelity only matters if it's enforced

English

Eli Nagar@EliNagar·3d

Money is stored labour. You did some work, the people you did it for paid you, and you now hold a claim that says: at some point in the future, when I am ready, I can exchange this claim for work somebody else has done. That is what the numbers on a bank statement are. They are a receipt for past effort, held against future effort. Money is the medium that allows time and effort to cross between strangers who will never meet, and, if the medium holds up, between generations who will never meet either. Bitcoin is designed so your time can't be diluted or revoked.

English

2.6K

Bit Shannon@entropyexporter·4d

@ElektronEnergy Combine the high degree of competition between miners related to power cost curve position and the low degree of competition to the flexibility of miners from alternative uses and you end up, at the limit, with bitcoin mining converging to surplus intermittent electrons.

English

Elektron@ElektronEnergy·5d

Energy is not a fixed resource being divided among competing uses. Demand for energy creates the incentive to find, develop, and deliver more of it. The case against mining's energy use assumes a static pie. The history of energy development argues the opposite.

English

165

Bit Shannon@entropyexporter·12 Nis

@ElektronEnergy Yes

Bit Shannon@entropyexporter

@zerohedge Bitcoin mining will over time converge to surplus energy/negatively priced electrons, continuously shifting around the earth with weather patterns (irradiation, hydrology, etc.) This makes its entropy export significantly more energy efficient than that of gold.

Elektron@ElektronEnergy·12 Nis

Bitcoin mining is the only industrial energy consumer that can shut off in seconds and restart at will. That flexibility is worth more to a grid operator than it might appear. In Brazil, we found windmill operators curtailing their own generation because the grid couldn't absorb it. Bitcoin containers cost a fraction of batteries and settle daily. The energy market is an addressable market most people haven't started pricing.

English

132

Bit Shannon@entropyexporter·7 Nis

@willywoo As we harness more and more energy, bitcoin security strengthens and scales while gold security weakens and decays.

Bit Shannon@entropyexporter

Bitcoin security scales with energy, while gold security decays with energy.

English

Willy Woo@willywoo·7 Nis

“BTC uses too much energy.” There’s only 3 ways to secure a monetary ledger. - with atoms (gold) - with energy (BTC) - with social / political consensus (fiat) Energy is the only path to unbreakable hard money. There’s no scarcity of atoms.

English

135

243

2.4K

96.2K

Bit Shannon@entropyexporter·15 Şub

English

181

zerohedge@zerohedge·15 Şub

Bitcoin Mining & The Electricity Grid: A Quiet Savior zerohedge.com/crypto/bitcoin…

English

544

69.6K

Bit Shannon@entropyexporter·9 Şub

@beffjezos @Andercot The primary objective of any evolving system is to export the most amount of entropy to its environment as energy-eﬀiciently as possible through physical processes. Free energy is the limiting currency for those processes.

English

Beff (e/acc)@beffjezos·9 Şub

@Andercot Capital is just a proxy for expected free energy. Viewed that way, it's a new beginning for a new phase of capitalism. With enough techno-capital, we shall break free from our Earthly shackles x.com/beffjezos/stat…

Beff (e/acc)@beffjezos

Our civilization is in a bound state, trapped in the gravitational well of its origin. We must secure enough free energy and convert it to kinetic energy to exceed this civilizational binding energy. This is our foundational project. Our only way out is to accelerate through.

English

7.7K

Andrew Côté@Andercot·8 Şub

It is exciting to see the end of capitalism in sight, where gigatons of steel to orbit and gigawatts of power become the limiting factor of growth.

English

233

33.9K

Bit Shannon@entropyexporter·30 Oca

@beffjezos x.com/entropyexporte…

Bit Shannon@entropyexporter

Bitcoin security scales with energy, while gold security decays with energy.

QME

Beff (e/acc)@beffjezos·30 Oca

The attack on Bitcoin is Quantum computing The attack on the price of Gold is asteroid mining Just another market for SpaceX to eat post-IPO

mert@mert

@TheStalwart the dev of bitcoin is some Japanese guy the dev of gold is God I know who I'm betting on as they say in France: مَا شَاءَ ٱللَّٰهُ

English

217

18.2K

Bit Shannon@entropyexporter·28 Oca

@lopp Externalizing trust reduces entropy

Bit Shannon@entropyexporter

@cryptofishx There’s no triple-entry accounting with tokenized gold. Bitcoin is the only triple-entry accounting system, which externalizes trust entirely by collapsing accounting, settlement, and verification into one process. Bitcoin reduces entropy way more and does so with surplus energy.

English

193

Jameson Lopp@lopp·28 Oca

Third party audits don't meet the threshold for "don't trust, verify" - that requires first party audits. A third party audit merely shifts trust around. This is why self custody + node running are such powerful concepts in Bitcoin. They make first party audits easy!

English

121

20.9K

Bit Shannon@entropyexporter·27 Oca

English

236

fish@cryptofishx·27 Oca

if we were being intellectually honest, tokenised gold lives up to everything bitcoin aims to be. scarce, decentralised, programmable and an actual store of value. literally digital gold.

English

266

229

80K

Bit Shannon@entropyexporter·26 Oca

Bitcoin security scales with energy, while gold security decays with energy.

Elon Musk@elonmusk

@zerohedge True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.

English

216

Bit Shannon@entropyexporter·26 Oca

@beffjezos The Kardashev gradient naturally takes us to bitcoin.

English

Beff (e/acc)@beffjezos·25 Oca

The Kardashev gradient naturally takes us to space. The great scattering is coming.

Elon Musk@elonmusk

@PeterDiamandis Space-based industries will vastly exceed the value of all of Earth, given that you could harness roughly 100,000 times more energy than Earth and still be using less than a millionth of the Sun’s energy!

English

255

16.8K

Bit Shannon retweetledi

Elon Musk@elonmusk·14 Eki

@zerohedge True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.

English

2.3K

6.9K

36.3K

8.4M

Bit Shannon retweetledi

Michael Saylor@saylor·14 Eki

@elonmusk @zerohedge The laws of nature are superior to the laws of man.

English

140

401

184.9K

Bit Shannon retweetledi

David Marcus@davidmarcus·10 Tem

If time travel were possible and you planned to jump to 2125 without returning, converting all your money to #Bitcoin and taking your private key would be the wise thing to do. Everything else likely won’t exist or hold much value by then.

English

323

24.1K

Bit Shannon retweetledi