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Bitcoin’s Eternal Struggle

How Bitcoin Thrives on the Edge between Order and Chaos

Entropy

“The first law of thermodynamics, also known as the law of Conservation of Energy, states that energy cannot be created or destroyed in an isolated system. The second law states that the entropy of any isolated system always increases, and the third law states that the entropy of a system approaches a constant value as the temperature approaches absolute zero.”

— Knut Svanholm

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2 bits of entropy

Randomness

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Random noise. How much information is contained in this image?

Information

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Sorted colors. How much information is contained in this image?
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Chaos on the left, Order on the right.

Growth between Order and Chaos

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2019: Early days of the Bitcoin Reward Era
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Bitcoin grows between order and chaos.
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