“Pricing electricity in sats, prices everything in sats” In the groundbreaking convergence of energy and digital finance, there’s an innovative price mechanism taking the stage: Sats/kWh. It’s not just a measurement; it’s a dynamic ecosystem that bridges the worlds of energy and finance, reflecting the intricate dance between electricity supply-demand and peer-to-peer transactions in real-time. […]
A new global decentralised electricity price “Supply – Demand = Bitcoin” Bitcoin is a cyclical system of freedom that begins with being able to send & receive money online to whoever you want, whenever you want, in a peer to peer manner, where you decide what fee you wish to pay, absolute sovereignty. As a […]
“Bitcoin and the Finance Sphere” Inflation vs. Deflation: The Great Currency Battle In today’s economic climate, we’re entrenched in a battlefield where the money we’ve earned is under constant siege. The culprit? Inflation. It’s an invisible force, yet we feel its impact every time we shop, as the cost of goods continues to climb. This […]
The Essence of Money: A Journey Through Time The story of money is as ancient as civilization itself. Initially, the barter system was the norm, directly exchanging goods for other goods. However, the system had a critical flaw: it depended on the “coincidence of wants.” What if you had apples and wanted to purchase bread, […]
“There’s no one size that fits all” Bitcoin’s evolution underscores its adaptability to meet the diverse needs of its user base of the entire planet. Different individuals and entities approach Bitcoin with varying priorities. Some, especially businesses, emphasize the need for scalability, aiming to process a multitude of transactions. Frequent shoppers or casual users lean […]
“History is written by the victors, every 10 minutes” The Bitcoin network, in it’s essence, functions like a decentralized clock, ensuring the steady release of a new block approximately every 10 minutes. Think of this consistency in the way our electricity grid aims to maintain the frequency of its alternating current at either 50 or […]
“The Blockchain doesn’t lie” At the heart of Bitcoin’s blockchain lies a vast public record, akin to a giant bank statement, detailing every transaction ever made on its network. But how does this system chronicle these transactions, and how does it ensure that everyone, everywhere, can verify and trust this ledger? Enter blocks. But what […]
“Knowledge is power” After understanding the role of hashpower in Bitcoin’s intricate system, it’s time to address a fundamental question: What exactly are all these miners protecting with the most powerful computing network on the planet, that consumes the electricity equivalent of an entire nation? The answer? Data. Bitcoin’s initial allure was its promise of […]
Important: You must watch fully the two videos from this topic to mark it as completed. “The best defense is a strong offense.” Carl von Clausewitz When you think of a fast laptop or even a calculator, you’re touching the realm of computational power. It’s this computational power, from microchips in calculators to the robust […]
Important: You must watch fully the two videos from this topic to mark it as completed. “Cryptography shifts the balance of power from those with a monopoly on violence to those who comprehend mathematics and security design.” Jacob Appelbaum How can I send you a piece of information that only you can read? This question […]
“Bitcoin is a network of willing participants” Analogy – Bitcorn: Consider a farmer who grows corn. His primary income comes from producing corn. Simple, right? But to keep his farm operational, he needs to invest in machinery and energy, such as tractors and fuel. To cover these costs, he sells a significant portion of the […]
The Evolution of the Internet: From Information to Bitcoin The Internet, in its essence, is a manifestation of our ceaseless desire to connect, communicate, and evolve. Born out of sheer curiosity and innovation, it has swiftly become an indelible part of our lives. From the early days of exchanging basic digital information to the sophisticated […]
Bitcoin Opportunity “Humans vote with their feet, Seeking Digital Gold” At its core, decentralization is about spreading power and operations away from a single point, allowing for a diverse map of participation and control. Think of it like a tree. While it might have one main trunk, it branches out in various directions with numerous […]
“One man’s trash is another man’s electronic cash.” We’ve traced the journey of the electron: from its birth in power generation facilities, through the intricate pathways of electricity distribution networks, to its vital task in driving microchips to perform trillions of calculations every second. At the end of this cycle, the energy that once coursed […]
“Those most efficient with their energy, will account the most sats” The evolutionary journey of Bitcoin mining paints a vivid picture of the relentless drive towards efficiency. It all began with regular computer CPUs, which miners used in the nascent stages of Bitcoin’s development. However, as the network’s complexity and the mining competition surged, the […]
“Buy the corn or grow the corn” In a similar vein, Bitcoin miners don’t simply purchase Bitcoin at prevailing market rates, say $20k. Instead, they set out to produce it, often achieving a production cost considerably lower, like $10k. The cornerstone of this cost-efficient Bitcoin production is an ASIC (Application-Specific Integrated Circuit) miner. At its […]
“There’s No Such Thing as a Low-Energy Rich Nation.” A nation’s prosperity is inextricably tied to its energy consumption. As the axiom goes, “There’s no such thing as a low-energy rich nation.” This strong correlation between energy and GDP underscores the principle that the efficient use of energy equates to economic growth and prosperity. Let’s […]
“Dynamic Supply requires Dynamic Demand.” Grasping the complexities of our electricity grids require an acknowledgment of its relentless quest for balance. Power availability is only half the battle; the other half is ensuring its presence precisely when and where it’s needed, 24/7. This continuous demand means there’s no downtime; every moment counts. Traditionally, this challenge […]
“The Price We Pay and Society’s Prosperity.” Every time we flip a switch or plug in a device, there’s a cost associated. While it might appear as just a ‘number’ on our monthly bills, the price of electricity ($/kWh) profoundly impacts our lives. High electricity prices strain household budgets and ripple throughout the economy. Consider […]
The electricity grid is one of those things that people take for granted… until it stops working. – Ernest Moniz The device you’re currently using, the lights illuminating your surroundings, the transport you rely upon, and even the food you consume and how it arrives at your door – all hinge on electricity. It’s more […]
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