Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
oda.krell
on 02/03/2015, 10:29:21 UTC
bitcoin it is worth its weight in gold.
Care to explain the current price of gold then?
First you tell me the weight of a bitcoin.  Cheesy

You're being facetious of course, but:

We can in principle associate some minimum weight to abstract units that are the result of computation, right?

We know the (currently assumed to be optimal) procedure required to generate / store / transfer them, right? We also know the physical limits of efficiency of implementing some basic elements assumed to be necessary for any program, independent of model of computation (well, I don't really know them, but I remember reading an article on this a while ago).

So in principle, we could associate a "weight" per unit of Bitcoin, something along the lines of "minimum physical structure necessary to generate / store / transfer one unit".