On the 28th October 2024 I wrote From Electricity to Heat to Truth: Pay-2-Post, Satoshis, and Cyberspace
#742954
From my Post:
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"...through the digitization of media and the revolution of AI, all of our lives will necessitate the management of energy through Cyberspace. Social media, messaging, email, text messages, website-verification, anti-DDoS, online interaction... all civilization is based on energy and the basic unit of friction and energy in Cyberspace is the sat. It's the logical foundation.
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The basic unit of friction and energy in Cyberspace is the Sat..."
The Bitcoin Policy Institute hosted a "Bitcoin For America" summit on March 11, 2025 with Senator Lummis aside other lawmakers... as reported by The Hill:
- The bill [BITCOIN] which Lummis first introduced last year, would direct the government to purchase 1 million bitcoins over five years that would be transferred to a “decentralized network” of storage facilities. https://thehill.com/policy/technology/5188458-lummis-introduces-bill-to-create-bitcoin-strategic-reserve/
Mike Saylor presented a Keynote in favor of the bill, arguing that BITCOIN is the 21st century "Digital Capital Network" of the world - which the United States should buy aggressively and front-run.
From his Speech (@ ~ 20:00)
https://youtu.be/E1RqAlSt9Pg?si=aDrz0uCpXl-dKRiU&t=1200
- "Digital intelligence requires digital energy which has to be secured by digital power in order to engage in digital Commerce when I say digital Commerce I don't just mean buying trinkets on Amazon I mean moving all of the money and securing all the assets of the world I mean 950 trillion going to $4,000 trillion dollars of assets and it couldn't be clearer where that's headed right now. The unit of digital energy is the Satoshi the unit of digital power is the exa-hash."
(Also available here:
https://x.com/saylor/status/1899965363376579070
@ ~ 20:08)
"...the unit of digital energy is the Satoshi the unit of digital power is the exa-hash."
Also from my Post:
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"SHA-256 generates heat, a LOT of Heat, guessing extraordinarily large numbers with no way to cheat... and through Heat also Friction and thermodynamic consequence - consequence missing from Cyberspace.
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A world of Consequence... can be a foundation for Better Cyberspace. And with it, Bitcoin is logically the Money and 'Capital' of Cyberspace. The Decentralized Friction, Heat, and Thermodynamic 'Truth-Teller' of Cyberspace."
From his Speech (@ 5:08)
https://youtu.be/E1RqAlSt9Pg?si=h8df9JwlFcbYaX-y&t=308
- "Bitcoin is a digital defense system. Bitcoin messages, data authentications, transactions, they're unstoppable, un-corruptible, immutable, immune to tampering by any known cyber threat... you can protect the United States commercial and military and financial systems behind a wall of digital energy and that's exactly how we will do it. The, you know, even Elon Musk pointed out the AIs don't know how to hack Bitcoin they can spoof you out of your money they can convince you that they're someone they're not there's no way to trick uh, an 800 exahash digital wall that's based on Modern encryption."
The first example about the SAT I thought was remarkable. The language is nearly identical.
The 2nd isn't identical... but interesting nevertheless. Truth in cyberspace through thermodynamic consequence, heat and friction (800 exahash).
There is A LOT to unpack in his speech and, in my opinion it's incredibly interesting. However this post is long enough so I'll have to cover it in another post.
So what do you think? Does Saylor read Stacker News? If you think so wave and say 'Hi Mr Saylor 👋' ;)
Thanks!