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History is written by The Victors and what that means is that throughout all the different civilizations that have risen or Fallen the person that got to decide what is the truth and what is the historical facts has somewhat been Twisted but this is very different in terms of Bitcoin because with Bitcoin

History is written by The Victors every 10 minutes and once it’s set it cannot be changed you can think of Bitcoin miners as fighting a computational battle to put the next block in the chain if the minor finds a block they decide what transactions go in that

Block and thus they earn the fees and the reward once that is locked in space and time it cannot be changed because it would cost a lot of energy to change that block and so everyone’s racing to find the next block in the chain and

They get to hold the pen of the Bitcoin accounting system for only 10 minutes history is written by The Victors every 10 minutes

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Would you agree that money is essentially a form of energy and that is that it’s hidden within our language already we say the purchasing power of our money let’s see what the Bitcoin context of energy is the entire technology stack of Bitcoin starts with energy production and the Justified use

Of electricity that electricity is consumed in Bitcoin mining hardware and it produces a digital commodity called hash power what does hash power do it finds the next block in the chain and what do we store in those blocks we store data that stays online forever otherwise known as Bitcoin and what do

We all think of Bitcoin it’s a financial asset a commodity a monetary good if energy can neither be created nor destroyed only transferred it means that the monetary energy of Bitcoin is adhering to the laws of physics where fiat currency is not adhering to the laws of physics and inflating and

Stealing all of our energy that’s

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This happens every single bull cycle why the short answer is that people see price and confuse it for value value is the production cost as shown above that is the production cost to produce your Bitcoin in electrons that is its true intrinsic value when people see price they confuse that for its purchasing

Power yes you can purchase $57,000 of infinitely printed Fiat money but what else can you exchange your Bitcoin into hash power and electricity but then you might ask how do you get on this side of the aisle versus that one be greedy when others are fearful be fearful when others are greedy

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Happy Leap Year Day which means it’s the 29th of February but the planet is not the only thing with a 4year cycle and some other Celestial type interesting things let me show you Bitcoin has blocks found approximately every 10 minutes based on compute power the difficulty adjustment regulates that 10

Minutes to approximately 14 days by looking at every 2016 blocks to see if it fits 10 minutes if it’s slower it makes it easier if it’s quicker it means more Hardware has come online and so it increases the difficulty to mine blocks to regulate time in space and the one that everybody

Knows is the issuance of new Bitcoin per block is cut in half every 210,000 blocks AKA 4 years so it’s a regulation of energy space and time 10minute blocks 14-day adjustments for your cycle

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Bitcoin has a fundamental exchange rate and a financial exchange rate let me show you the differences between the two everyone and their grandma has heard about the Bitcoin to dollar price but not so many people understand the Bitcoin to kilo price this is where bitcoin’s value comes in you can think

Of them as production and consumption and that is that with producing Bitcoin AKA mining it’s the consumption of electricity through a computer to produce your Bitcoin buying is the consumption of your dollars through an exchange to purchase your Bitcoin when you produce Bitcoin you get it at a

Lower rate to the market it’s the same as when you mine gold the typical Gold Miner spends $1,000 processing Rock to get his ounce of gold versus buying that same ounce of gold for $2,000 on the market Bitcoin is no different you can produce it yourself or buy it at a

Premium on the market for