Frogfren17 ⚡️🐸 bitcoin liberation on Nostr: Bitcoin's difficulty adjustment counters Moore's Law. It ensures the ...
Bitcoin's difficulty adjustment counters Moore's Law. It ensures the electro-computational cost of hashing remains high, no matter how fast and efficient our computers become, by increasing the hashing difficulty ad infinitum.
Bitcoin ASICs chase an ever-receding horizon. No amount of ASIC efficiency will make the Bitcoin network use less energy. This high physical cost for producing Bitcoin or updating its ledger is a core feature, not a bug. We WANT it to be too physically expensive for any centralized entity to write the ledger. That is the primary mechanism of Bitcoin's decentralization.
The 2nd-order effects of this are also highly beneficial for humanity. Energy producers and chipmakers are financially incentivized to find better/cheaper energy sources and more efficient computers to gain a temporary comparative advantage in hashing. The end result is more abundant energy, faster and more efficient computers, and more secure ledger.
It's a win-win-win.
https://x.com/jasonplowery/status/1914698808467861855?s=46 Published at
2025-04-22 15:19:30Event JSON
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"content": "https://image.nostr.build/b2100bdcf221198e2e98e91e7c3cb2e6c69bbbe72442b311548627072fe50a3f.jpg\n\nBitcoin's difficulty adjustment counters Moore's Law. It ensures the electro-computational cost of hashing remains high, no matter how fast and efficient our computers become, by increasing the hashing difficulty ad infinitum.\n\nBitcoin ASICs chase an ever-receding horizon. No amount of ASIC efficiency will make the Bitcoin network use less energy. This high physical cost for producing Bitcoin or updating its ledger is a core feature, not a bug. We WANT it to be too physically expensive for any centralized entity to write the ledger. That is the primary mechanism of Bitcoin's decentralization.\n\nThe 2nd-order effects of this are also highly beneficial for humanity. Energy producers and chipmakers are financially incentivized to find better/cheaper energy sources and more efficient computers to gain a temporary comparative advantage in hashing. The end result is more abundant energy, faster and more efficient computers, and more secure ledger.\n\nIt's a win-win-win.\n\nhttps://x.com/jasonplowery/status/1914698808467861855?s=46",
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