2025-08-07T13:38:22Z https://njump.me BikesandBitcoin https://njump.me/npub1fjs9aprvqer6m3npqxfdh0gtflfvtxw5p7jldf4xywp7jtmz99lsr0vvj2 https://m.primal.net/PnxX.jpg https://m.primal.net/PnxX.jpg https://njump.me/nevent1qqsrpagpk08er2zq7zkt27jz7hdkz77k9awk07urgjsnylcvuq27u5szypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h77zy59q How we do coloring time on a Bitcoin standard. <br/><br/><br/><br/> <img src="https://blossom.primal.net/9fe88690980956599003e441e916b646af8dfedff3125d7f60720dd6885415d2.jpg"> 2025-08-10T14:20:20Z https://njump.me/nevent1qqs2wppvmcytaa7f4g8wzswq0vvu0nfgmrygj2ha6pvdxlrs3c2wteczypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h77l3ght In reply to <a href='/nevent1qqstaugx6exstkmahfns4w687r358jyh6cna9vt5cu5hpef6rmyl2asprpmhxue69uhhyetvv9ujuumpw3kxzmn5d9eju6t0y3humr'>nevent1q…humr</a><br/>_________________________<br/><br/>That&#39;s a different conversation that ties into the so-called security budget, which I contend is a non issue. <br/><br/> 2025-08-08T22:09:24Z https://njump.me/nevent1qqsrc2yjj77l4w86deltfxlymawmyanu3hvj90tuthdp3jz442wahqgzypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7fgpq5n In reply to <a href='/nevent1qqsdz07p0zjptsr3023lmm2wnw030ura7s6gq9fmgv9nflas4kv863qpp4mhxue69uhkummn9ekx7mqc7rsza'>nevent1q…rsza</a><br/>_________________________<br/><br/>I need to study entropy more, but this statement trips me up: &#34;Boltzmann’s constant becomes useful here because it bridges entropy (a count of states) with energy (joules). If we take the Genesis peg as the founding entropy-to-structure mapping, we get a scalar field of joules per satoshi that changes every block as supply grows and issuance decays and difficulty adjusts. That ratio defines the thermodynamic cost of resolution at each time step,&#34;<br/><br/>Mapping joules directly to hashes is undefinable because there is no causal way to know how much energy is being used by the entire network, or the efficiency of the total network (J/T of machines in aggregate). <br/><br/>That&#39;s where I&#39;m running into problems, between a directly causal relationship between energy and network function does not exist (while the search space is defined, we cannot know how much energy is required to collapse it on a golden nonce).<br/> 2025-08-07T15:18:31Z https://njump.me/nevent1qqstkwxp3073xkm6v0pjne7mu4gquheumy9ejvepm56px5jy08ldr9czypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7lj229p In reply to <a href='/nevent1qqsgjk09p4sfm9ungvmy80tyuvrxvshda7lcljc99krzgymdx4wn6mspp4mhxue69uhkummn9ekx7mqts8xj0'>nevent1q…8xj0</a><br/>_________________________<br/><br/>Yes, good clarification and I think you&#39;re correct in a sense. Entropy would be a highly explanatory way to discuss hashing &#39;mattering&#39;. <br/><br/>There is still the question of &#39;mattering to what end&#39;. <br/><br/>Hashes &#39;matter to the end of building the chain&#39; to the extent they successfully find a golden nonce. (e.g. THE successful hash submits a block to the chain to build upon.)<br/><br/>Hashes that do not succeed to that end do not matter in that sense. <br/><br/>BUT, from the perspective of entropy, yes, all hashes matter as a MORE descriptive illustration than the poisson example given above....<br/><br/>I&#39;d have to look more into how entropy units function because I understand the idea of entropy units per satoshi, but would want to clarify entropy units as a function of searching the field and not entropy as a function of energy input into machines. <br/><br/>Thank you! 2025-08-07T13:54:55Z https://njump.me/nevent1qqsp8gdcjnhqner0pv4thkc7azeh8k0qxcv0qqytmct97r4nn2u0srczypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7j0xh76 In reply to <a href='/nevent1qqsqqydwvssv8a2dhqavu2c3gjnsksvdr26wqcgrcydywt7c7kkjc9spz3mhxue69uhkummnw3ezummcw3ezuer9wc9r4jn5'>nevent1q…4jn5</a><br/>_________________________<br/><br/>my first zap ever! TY! 2025-08-07T13:46:09Z https://njump.me/nevent1qqsp75ck9df4eaul7qx8nxkllqvcfh7c8fphm3f0a5tpjddzdhv97tqzypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7dxvdpy In reply to <a href='/nevent1qqstxwtpn29r9rcdzls58muhfaqtr3ue0v0gvqvtaetlnrshegjpjpcpr9mhxue69uhhyetvv9ujumt0wd68ytnsw43z7ffjxq4pnd22'>nevent1q…nd22</a><br/>_________________________<br/><br/>statistically or directly?<br/><br/>you can statistically model block time<br/>you cannot directly (causally) model block time 2025-08-07T13:44:44Z https://njump.me/nevent1qqs9l4lft6qecfvcrlj6vssug4zcl4z46nn4904628x8wlh4ggnhk5szypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7dz0hz5 In reply to <a href='/nevent1qqspg0h79jmf5ryme536s8zgumwmlapvawj9m42yzx3j9aug5c2y2rcpndmhxue69uhkummn9ekx7mp0y5erqamnwvaz7tmwdaehgu3wd3skuep0y5erqffjxpshvct5v9ez2v3swaehxw309ahx7um5wgh8w6twv5hj2v3sy5erqctkv96xzu39xgc8wumn8ghj7ur4wfcxcetjv4kxz7fwvdhk6te9xgc8wumn8ghj7un9d3shjtnyv9kh2uewd9hj7ffjxpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9u7jzsqj'>nevent1q…zsqj</a><br/>_________________________<br/><br/>You can&#39;t use entropy to directly model Bitcoin because hashing itself is stochastic. <br/><br/> 2025-08-07T13:40:03Z https://njump.me/nevent1qqspzlln7t64amy7s0ywl4j7lxe5uk8jwdesqjyv88x7d0cj4m2p5rgzypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7dcp6qk In reply to <a href='/nevent1qqstwle8patgj290ljdcnxt0f3pn38l979zfydfaxcgkcqja8h8zz4gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg0c3rqe'>nevent1q…3rqe</a><br/>_________________________<br/><br/>statistically averaged, yes. <br/>direct, no 2025-08-07T13:34:46Z https://njump.me/nevent1qqs848rdpgtry9c3jxtcggdkvy7tdfcfdylmp9e4q0mmxkx7vz4a4rqzypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7vr97aa In reply to <a href='/nevent1qqsty9zqtz6362rrtd3pmvvrghpfm2mlhc4uz0kxmvr6p3xu8kkmlwgesdffw'>nevent1q…dffw</a><br/>_________________________<br/><br/>Difficulty adjusts only based on block time, not hash power. The mechanism is called CalculateGetNextWorkRequired. 2025-08-07T13:03:49Z https://njump.me/nevent1qqspggta3xmme2aj2nl0mkznf0ftpuuzkh274sjyv2ucypydlfns8gszypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7dukcw7 Does EVERY hash from a Bitcoin miner matter?<br/><br/>Pick the ‘wrong’ side on this debate and you’ll find yourself triggering computer scientists and cypherpunks, or enraging plebs and an army of lottery miners.<br/><br/>Let&#39;s figure it out together.<br/><br/> <img src="https://blossom.primal.net/f959841a70cb6a0c06c378bff80548278bc6afc3e5cb8f976c88a29bf890251b.png"> <br/><br/>But first, a review.<br/><br/>I wrote an article in March of this year disagreeing with the way Saylor and Lowery characterize bitcoin mining as a &#39;battery&#39; or &#39;encrypted energy&#39;.<br/><br/>Here&#39;s the crux of that argument, bitcoin mining is neither because of the STATISTICAL nature of mining (you are guessing nonces before you hash a random output--it is non-deterministic).<br/><br/>You can never create a directly causal MODEL that shows how energy or electricity translates to hashes and block wins.<br/><br/> <img src="https://blossom.primal.net/d18648f86759c66d628e8c9f937be02cbb2b7a45fb37c50a1d3392df64ac2225.png"> <br/><br/>To illustrate this, I made the point that you are only, technically, contributing to the network IF you find a block. <br/><br/>Finding blocks allows for issuance and settlement of bitcoin, and impacts network difficulty. <br/><br/>In the code, this is CalculateGetNextWorkRequired.<br/><br/> <img src="https://blossom.primal.net/9853ac4c913892b789bca2b3cf32b7ec80cd59722c52ee76fea7427b8a9e190d.png"> <br/><br/>Technically, bitcoin was designed to explicitly never know (or need to know) how many people are hashing, how big they are, how much energy is being used, what kind of hardware they are using...<br/><br/>This is a feature, not a bug.<br/><br/>(IMO it&#39;s THE feature that Satoshi uses to solve the hard problem of monetary inflation... but that&#39;s for another day)<br/><br/>In this technical sense, it is true that HASHES THAT DON&#39;T FIND BLOCKS DON&#39;T MATTER TO BITCOIN. <br/><br/>Why? <br/><br/>Hashes that don&#39;t find blocks DO NOT receive a reward of new bitcoin, settle transactions, or impact the chain or network difficulty.<br/><br/>They don&#39;t matter (technically).<br/>In true Bitcoin fashion, this made many angry.<br/>Here is my visual interpretation of why: <br/><br/> <img src="https://blossom.primal.net/9f31ddbe55ba62e2c30749c40799d05c2f7c7c1863b652ce509302a83e2d9c5e.jpg"> <br/><br/>It comes down to the word &#39;matter&#39;.<br/><br/>If I say that hashes that do not find blocks do not technically matter, I am not saying:<br/><br/>- lottery mining is stupid<br/>- don&#39;t mine<br/>- only big miners matter<br/>- just quit while you&#39;re ahead<br/><br/>But a lot of people read my article that way!<br/>This is where I can be even clearer. <br/><br/>&#39;To matter&#39; in a technical sense means to interact with the chain, BUT there is another way &#39;to matter&#39; that is entirely legitimate. <br/><br/>This is the disagreement @penny_ether clarifies.<br/><br/> <img src="https://blossom.primal.net/9d26c76a9a665ed6e072321c1c255ef9d9b8635209228d93d3f6eaaace117d40.png"> <br/><br/>It is worthwhile to mine (even if you don&#39;t find a block), for the simple reason that you cannot win a game you are not playing. We know this because even TRYING to win the game (by hashing) has a value associated with it that pools will pay you for--hashprice.<br/><br/>OF COURSE all hashes matter in this sense. <br/><br/>@Public_Pool_BTC makes the true assertion, that because mining is a Poisson process, all hashes are probabilistically relevant to the network. 100% true, but not directly relevant to my technical point (highly relevant to a different interpretation of &#39;matters&#39;)<br/><br/>Otherwise there would not be a PRICE associated with them. <br/>Remember, a pool pays you for hashes, NOT just winning hashes. <br/>It&#39;s the expected value you get paid for.<br/><br/> <img src="https://blossom.primal.net/49c45728e1c67a9bfd5d2f192bab18fe527bfc2da7357bec2d5a9c78ff03716b.png"> <br/><br/>I love disagreements like this. <br/><br/>They give us the opportunity to hash out (no pun intended) what we specifically mean when discussing bitcoin. That&#39;s what is so special about Bitcoin, everyone is open to learn and interpret it.<br/><br/>So, in sum, &#34;Do all hashes matter?&#34; <br/>Both YES and NO.<br/>But, you have to specify what &#39;matter&#39; means. 2025-08-07T12:20:27Z https://njump.me/nevent1qqsxesfwypa9gdqgknyp8lypuxr7335kg8yf8rjpgzj8qk8mmkhz98czypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7a6cdqc In reply to <a href='/nevent1qqsx2nmz3tvrgyvvchjhvc6pss97sty3cnvcl030kuw2hpuzjzcsdgspr3mhxue69uhkymmnw3ezucnfw33k76tww3ux76m09e3k7mg609q78'>nevent1q…9q78</a><br/>_________________________<br/><br/>love your work! 2025-08-07T11:45:14Z https://njump.me/nevent1qqs9qyd4zw20e6n3ksvhkkfyhyh0h3dmuz056uuz8lagrha2fan58ggzypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7rw3hzd In reply to <a href='/nevent1qqsxhqw3dlvnwkqlmvve65wwlzysa4rulz6479d5uxzj7qmzvhxdnwqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhges2f0c'>nevent1q…2f0c</a><br/>_________________________<br/><br/>Still on the front range! 2025-08-07T11:44:30Z https://njump.me/nevent1qqswqw23nyw2vy9h3tl2df36hcva6ty22due0zlrhyg5w6rzag564dszypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h73rtm2x In reply to <a href='/nevent1qqsdmsase3khspyx9u5jrzscpwge4k90tzmrkjhcnc7h9n2em0qshvcj2dnqw'>nevent1q…dnqw</a><br/>_________________________<br/><br/>thank you! 2025-08-05T19:34:43Z https://njump.me/nevent1qqsz9ej5crk6gsa46y777lzylg9zn80cg25fl5v307mrkxq7rd34szszypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h78ygxap It&#39;s going to be a wild week in Nashville!<br/><br/>First Custody and Treasury, then Imagine If!<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/nevent1qvzqqqqqqypzqh0jr68vz83pu7m3ptradj2yyaq84e57jwnleuxs50hzltz0mjztqyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyp2futz3jzkkszdv4n7vg4kx3ehxhzqxuq7pqkq36tmlrukfkr04sqca4z9" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">nevent1q…a4z9</a></span> </div> The inaugural Bitcoin Custody and Treasury Summit features capital allocators, entrepreneurs, policymakers, and developers from across the world.<br/><br/>September 17th & 18th at Bitcoin Park Nashville.<br/><br/>Space is limited, learn more here: <a href="https://www.bitcoinpark.com/custody-treasury">https://www.bitcoinpark.com/custody-treasury</a> <br/><br/><video controls width="100%" class="max-h-[90vh] bg-neutral-300 dark:bg-zinc-700"><source src="https://blossom.primal.net/7eb59836aacbfd2e7ee1b8f21ece1066bd13118cfb374b4a06199be5de8cb65b.mp4"></video><br/> </blockquote> 2025-08-05T14:09:45Z https://njump.me/nevent1qqsrsf6c9lywn6kezrxz6w486yaat637dumtx499temjx7yurwr92lczypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h72785dk This is going to be massive.<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/nevent1qvzqqqqqqypzqh0jr68vz83pu7m3ptradj2yyaq84e57jwnleuxs50hzltz0mjztqyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyp293v6rfzt4t49xnw5e2npc62zd9cl32r5rjr2wf42jkffu8xeqcxnv8hv" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">nevent1q…v8hv</a></span> </div> Imagine IF is a summit of summits at the convergence of Bitcoin, AI, energy, and freedom tech.<br/><br/>Join us: September 19th and 20th<br/>Where: Fisher Center in Nashville, TN<br/><br/>Learn more: <a href="https://www.bitcoinpark.com/imagineif">https://www.bitcoinpark.com/imagineif</a> <br/><br/><video controls width="100%" class="max-h-[90vh] bg-neutral-300 dark:bg-zinc-700"><source src="https://blossom.primal.net/d87282870ee6415a065d2634206579618092b6aa06bd401eb399695cfa8a82f6.mp4"></video> </blockquote> 2025-07-31T18:58:26Z https://njump.me/nevent1qqsqx8gntacmvmtfsacufja4vjqw7eh39y3unz6w4wd73qlyh0j3hzgzypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7nr2h5g microtransaction powered AI<br/>cool<br/> <img src="https://blossom.primal.net/aa13f557a561ea40f4c3beeba9f6ca7dfc39005f75f0baf155cb9b426a61bde5.jpg"> 2025-07-31T13:54:54Z https://njump.me/nevent1qqs904fums4cmkn8harqw7cqzqj5wp260f3cyusnsq90jcrekqpxpsgzypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7jsq869 In reply to <a href='/nevent1qqsdwk6y3xwy8a6sc2x5lktqt0kst67y0nq8576u6z5wnv5wxrt6h4cpp4mhxue69uhkummn9ekx7mq6ewy30'>nevent1q…wy30</a><br/>_________________________<br/><br/>thank you! 2025-07-30T21:14:48Z https://njump.me/nevent1qqsxtl3ulafe0xyjadlnfl5zxkrf2475drdp7c8zrlzw0mfgtp45hrszypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h78eq7uq In reply to <a href='/nevent1qqsxdgg8dgzu9tucqrk8w3dyqu9uu4mr6av2h9ttr6m22vp4v4ztacspzfmhxue69uhk7enxvd5xz6tw9ec82csalprcq'>nevent1q…prcq</a><br/>_________________________<br/><br/>kinda, yeah 2025-04-02T19:38:53Z https://njump.me/nevent1qqs2h4us27um8prnmtkezx3ge55khgeejnhkyhu79uyd5hhmx32xq2czypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7n83gz6 In reply to <a href='/nevent1qqsfn3qqj6rnhfwxsh289vxaskjds9crzn7ths2k70xaam6hwlsq7sqpp4mhxue69uhkummn9ekx7mqnzq434'>nevent1q…q434</a><br/>_________________________<br/><br/>Thank you! 2025-03-21T16:08:17Z https://njump.me/nevent1qqsxuekg47m2gqlyrnky7kkfyxjdc9p5d3d2na33752e7v8n4ace38czypx2qh5ydsry0twxvyqe9kaapd8a93ve6s86ta4x5c3c86f0vg5h7q806mw Hello World. <img src="https://m.primal.net/PnxX.jpg"> 2025-03-21T16:05:41Z