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Energy is neither created nor destroyed & so should our Money.

Energy is neither created nor destroyed & so should our Money.

Energy cannot be created or destroyed, only transferred.

A principle that perfectly aligns with the ideal operation of money. In this video, we delve into the fascinating parallels between energy and money, and how Bitcoin exemplifies this relationship.

Bitcoin is a unique form of currency produced from energy, but its connection to energy goes deeper than just its production. Each approximately 10-minute update of the Bitcoin blockchain serves as a proof of work, showcasing the immense energy expended by miners worldwide to secure the network and validate transactions.

Bitcoin’s issuance follows a predetermined schedule, with a total cap of 21 million Bitcoins to be mined by the year 2140. After this point, no new Bitcoins will be created, marking the end of its issuance phase. Join us as we explore how Bitcoin’s energy-backed system sets a new precedent for digital currencies and what this means for the future of money

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Messing up your Bitcoin transaction P2P

Messing up your Bitcoin transaction P2P #bitcoin #education #accident

What happens if you send the wrong amount of Bitcoin or send it to the wrong address?

The answer is straightforward but crucial – the Bitcoin is lost. This is because Bitcoin operates as a peer-to-peer currency, a fundamental aspect often overlooked in discussions.

Peer-to-peer money means there is no third party to mediate disputes or reverse transactions. Allowing changes to past transactions would necessitate a central authority capable of rewriting history, which contradicts Bitcoin’s core principle. Bitcoin’s blockchain embeds and locks each transaction in a block, creating a series of immutable 10-minute records that form the foundation of the network. This ensures the integrity and permanence of the transaction history, providing a bedrock upon which the future of Bitcoin is built.

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Late Night Bitcoin Secret | #bitcoin #network #finance



Exploring the Bitcoin network late at night, seeking to understand its intricacies.
#secrets #bitcoin #energy #finance #education

Check the Lesson 6 from the course on @HashpowerAcademy
https://hashpower.academy/lessons/6-finance-bitcoin/

Video Transcript

I’ve got a secret for you for understanding the Bitcoin Network let’s see what you think Bitcoin has two worlds of producing energy the supply and that electricity is demanded by mining hardware and on the digital side hash power is produced by mining machines which supplies fresh blocks of

Bitcoin and transaction data that is demanding that space to be stored on the blockchain now the energy side and the finance side how do you understand them what is the best way to understand them well the secrets of the finance side is energy and the secrets of the energy side is

Finance Bitcoin is helping people understand that wealth is energy and energy is neither created nor destroyed only transferred it’s a very interesting concept and it should start your educational Journey

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Mining vs Buying | #bitcoin #education



Mining vs Buying | Bitcoin
#analysis #education #bitcoin #hashrate #hashpower #crypto #mining

https://hashpower.academy/the-economics-of-bitcoin-mining/

Video Transcript

There is two direct ways to acquire Bitcoin you either convert electricity into Bitcoin or you convert dollars into Bitcoin that is mining versus buying the original founder of Bitcoin Satoshi Nakamoto he didn’t buy his Bitcoin on an exchange he produced it himself mining is the original onr into Bitcoin and

Buying is the one that everyone just uses now for Simplicity let me take you through the nuances of both options what you see in front of you is a break even analysis comparing quantity of Bitcoin over time when you buy a Bitcoin say one Bitcoin you’ve got all 100% of

It and over time that one Bitcoin doesn’t change but what if you mine Bitcoin you purchased one bitcoin’s worth of mining machines and your goal would be to reach that one Bitcoin Target if you mined more than one Bitcoin it means that mining was more profitable than buying over time

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The 2 worlds of Bitcoin | Physical & Digital



Bitcoin, the first decentralized digital currency, straddles two worlds – physical and digital. In the digital realm, transactions occur through blockchain tech, ensuring security and transparency. Physically, Bitcoin can exist as coins or tokens, representing the digital currency’s value tangibly. This duality highlights Bitcoin’s appeal, bridging the virtual and physical realms.

#education #bitcoin #mining #hashpower

Video Transcript

Everybody understands Bitcoin as a digital asset but it actually has two worlds the physical world and the digital world let me show you Bitcoin the currency on the Internet is simply data and that data is updated every 10 minutes by hash power and that hash power is produced in the physical world

By mining Hardware which is kept online with electricity and that electricity is coming from all of our different energy sources of the world and so the physical half of the network is our production of energy electricity and Mining Hardware the digital side the digital Bridge Is hash power and hash power updates the

Blockchain to produce Bitcoin it’s a circular energy economy with two worlds physical and digital there’s also two ways to get your Bitcoin you either mine it in the physical world or buy it in the digital world

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The 3 core commodities of the BTC Network: #electricity #hashpower #bitcoin



We aim to outline the three fundamental commodities of the Bitcoin Network:
#electricity #hashpower #bitcoin
For more details, join our free course and portal!
https://hashpower.academy/courses/bitcoin-big-picture-basics/

Video Transcript

Bitcoin itself is not the only commodity within the network there’s three let me show you we produce electricity consume that electricity in machines to produce hash power hash power finds blocks of Bitcoin data and that data we call Bitcoin the commodity and so the three core Commodities are electricity hash power and

Bitcoin and so this flow of these three Three core Commodities electricity hash power and Bitcoin they also have metrics let me show you each one of these Commodities has a conversion metric mining Hardware is valued based on its efficiency which is its watts per terahash ratio how much electrical cost

It can convert into hash power which produces Bitcoin per terahash per day this one is Hash price

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Bitcoin explained in under 60 seconds | #bitcoin #education



If 60 seconds are not enough, check the free @HashpowerAcademy bitcoin course!
https://hashpower.academy/courses/bitcoin-big-picture-basics/
#bitcoin #network #education

Video Transcript

Let’s see if I can explain the Bitcoin Network to you in under 60 seconds are you ready let’s go whether you’re on the side of religion or science they all start with the same story something to do with energy and that is the production of energy is our civilizational infrastructure that is

The production of electricity and in the 21st century we all use electricity it’s extremely important and we’re moving everything on to an electricity standard but what if we have excess electricity well we could consume it in computers to produce heat to warm our homes or green houses but they also produce this

Digital commodity called hash power and hash power is simply compute power that is specific to mining blocks of Bitcoin on the blockchain and the blockchain all it does is store data and that data is financial data we call Bitcoin a monetary unit based on the energy sector

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