edverma on Nostr: so ive been reading the whitepaper, the bitcoin standard, and trying to onboard to ...
so ive been reading the whitepaper, the bitcoin standard, and trying to onboard to the bitcoin-core codebase as part of learning about bitcoin.
my main concern around hodling bitcoin was quantum, but it seems that there is already a BIP in progress to address this.
now i am wondering about free energy and moore's law... what happens when the cost of energy goes to zero and/or asics reach 1000x current efficiency. can mining difficulty increase infinitely? maybe by now this doesn't even matter because the vast majority of bitcoins are already released?
Published at
2024-12-14 02:40:29Event JSON
{
"id": "ca775baa662106b65b8bb7be864cbf839471f253d11528b15af5fe16435b9b38",
"pubkey": "3ddc43df737594bd68128ecd205ad9b61d6505f76e697d277ea8b9259186b168",
"created_at": 1734144029,
"kind": 1,
"tags": [],
"content": "so ive been reading the whitepaper, the bitcoin standard, and trying to onboard to the bitcoin-core codebase as part of learning about bitcoin. \n\nmy main concern around hodling bitcoin was quantum, but it seems that there is already a BIP in progress to address this. \n\nnow i am wondering about free energy and moore's law... what happens when the cost of energy goes to zero and/or asics reach 1000x current efficiency. can mining difficulty increase infinitely? maybe by now this doesn't even matter because the vast majority of bitcoins are already released?",
"sig": "adef1332828ca5d7bcd2729fc7cb7650655e423d25073a25990694e8ca292e357f9a3615755b317556b1cc12d3842ae35c78019542323ffb9b4aab2d0364c64b"
}