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#Bitcoin is 256 yrs old NOT 14 yrs old! Just like dog yrs are not equivalent to human yrs, computer chip yrs are not equivalent to human yrs. Moore's Law states that computer chip's computational power/efficiency doubles every two yrs. The #Bitcoin network is powered by๐Ÿงต 1/10
thousands of computers known as Application Specific Integrated Circuits (ASIC). These computers do only one thing, they mine #Bitcoin . The earliest ASIC chipsets were 130 nanometers (nm) in size, in comparison to today's ASIC's that are 7 nm in size. See chart below. 2/10
The next generation chipset's are set to be 1.4 nm in size within the next 9 years! Source: d-central.tech/the-amazing-increase-in-speed-of-asic-miners/
Not only have ASIC chipsets increased in compute power by 70% but today's ASIC's can mine #Bitcoin 100 billion times faster than the earliest Bitcoin miners 3/10
known as CPU's. Source: www.google.com/amp/s/www.coindesk.com/tech/2020/04/26/the-rise-of-asics-a-step-by-step-history-of-bit...
If computer chip speed/efficiency exponentially increases, my thesis is that computer chips age exponentially in comparison to human yrs. Here is the math to prove that #Bitcoin is 256 yrs old per Moore's Law. 4/10
As @FossGregfoss says, "it is just math":
#Bitcoin = 2 yrs old (08'-10')
#Bitcoin = 4 yrs old (10'-12')
#Bitcoin = 16 yrs old (12'-14')
#Bitcoin = 32 yrs old (14'-16')
#Bitcoin = 64 yrs old (16'-18')
#Bitcoin = 128 yrs old (18'-20')
#Bitcoin = 256 yrs old (20-22')
5/10
My hypothesis is that you can use Moore's Law to not only prove that computer chips become exponentially faster and efficient but their age relative to human years is also exponential! This is why we should be defining #Bitcoin 's age in Computer Chip Years and not in 6/10
human years. Simply speaking, using Moore's Law as a basis, #Bitcoin 's age doubles every two yrs. By this metric, #Bitcoin will be older than Gold in 3 more years! Gold bugs like @PeterSchiff say that Gold has "2000 years of history!" By 2028 #Bitcoin will be 2048 yrs old! 7/10
Continuing w/the math we left off at and assuming that Moore's Law can also be applied to a computer chip's age doubling every 2 yrs, the next 5 yrs will put Bitcoin's age at
#Bitcoin = 512 yrs old (22-24')
#Bitcoin = 1024 yrs old (24-26')
#Bitcoin = 2048 yrs old (26-28') 8/10
In just 5 more years #Bitcoin er's will be able to tell Gold Bugs, "#Bitcoin has 2000+ years of history." I can't tell you how annoying it is when Gold Bugs compare gold to Bitcoin. This comparison, especially through the lense of technology, is stupid! 9/10 @SimplyBitcoinTV
I implore my fellow, brilliant Bitcoiners to poke holes in my thesis and verify my math! @Meditation_Man @HodlMagoo @PortlandHODL @JeffBooth @D_plus__plus @2140data @w_s_bitcoin If this is a stupid thesis, please just say so. Check out my baby pygmy goats ๐Ÿ™‚
๐Ÿ™ 10/10
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Greg Foss @FossGregfoss ยท Feb 25, 2023
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Awesome thread. #btc