@SGBarbour Hash rate (on chain)/energy (real world) is the measure of value. It’s not a question. https://t.co/X6R0VC9lc0
2,396 followers
2,396 followers
@EpsilonTheory Rehypothecation of bitcoin has always been inevitable. I also firmly agree with you that the price is irrelevant. The price in dollars isn’t the measure of value for Bitcoin, nor is it art. The value is measured directly by the miners every
2,396 followers
@onedigitmoney @Croesus_BTC Paper: Pay walled: https://t.co/X6R0VC9lc0 Non-paywall: https://t.co/2N4DdPnDgi Model: https://t.co/cDvpVqeBR7
2,396 followers
@allenf32 You jest, but that is also how we model fluid flow with empirical relationships, but more. Germain to bitcoin, it’s the price and energy used in mining that have a power law relationship. https://t.co/X6R0VC9lc0