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Total Economy: 0.01 USD
Is there one formula to describe BitCoin like E=MC2?
P2P Electronic Cash
Bitcoin's market capitalization = on-chain economic scale
john tipped:
0.01 USD
1 year ago
john replied:
⬆️@jimmywin did this best during one of his keynotes. Korea I think it was emphasized. I would rewrite & re-arrange as a chemical process tho: Summation 1->n {bit} = data Data —> Information (Write ‘transaction’ above the arrow like in chemical Rxn formulas) Information + Nodes + protocol = BitCoin (Network) Maxwell needed 4 equations to simplify Electromagnetic Forces, this is just 3!