When people say hash follows price, they mean hash follows the Ten Minute Difficulty target, right?
Because Satoshi started mining #Bitcoin before there was purchasing power, right?
So maybe purchasing power follows some derivative of Proof of Work with respect to time + users?
New #Bitcoin Valuation Model
Purchasing Power of #Bitcoin is some function of the derivative of Total Accumulated Proof of Work with respect to Time plus or multiplied by Metcalfe’s Law. 🤷🏻♂️
PP of #BTC = (dW / dT) +/* N^2
So basically #Bitcoin = the definition of Power in Physics + Metcalfe’s Law + flawless and immutable chain of accounting memory that is created by user power and user nodes.
₿itcoin ₿ombadil
npub1pt…6vhsq
2024-02-29 20:33:35
Author Public Key
npub1ptasykarzj2cm7dc9wnyyqk4h6mhc0gznx4fe8ccl9hpnspnlhrqh6vhsqPublished at
2024-02-29 20:33:35Event JSON
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"pubkey": "0afb025ba314958df9b82ba64202d5beb77c3d0299aa9c9f18f96e19c033fdc6",
"created_at": 1709238815,
"kind": 1,
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"content": "When people say hash follows price, they mean hash follows the Ten Minute Difficulty target, right?\n\nBecause Satoshi started mining #Bitcoin before there was purchasing power, right?\n\nSo maybe purchasing power follows some derivative of Proof of Work with respect to time + users?\n\nNew #Bitcoin Valuation Model \n\n\nPurchasing Power of #Bitcoin is some function of the derivative of Total Accumulated Proof of Work with respect to Time plus or multiplied by Metcalfe’s Law. 🤷🏻♂️\n\nPP of #BTC = (dW / dT) +/* N^2\n\nSo basically #Bitcoin = the definition of Power in Physics + Metcalfe’s Law + flawless and immutable chain of accounting memory that is created by user power and user nodes.",
"sig": "44afe38b7ce0ecfaa5acd535452f31f32d5e4f7bed57e64623c8f758bf9b895164e38165432c625cc1f715283f9b8864a557a48792dfd90ffd14ceb391caa574"
}