Bitcoin Well Theory: A 3D Thermodynamic Perspective
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This paper introduces a 3D thermodynamic framework for understanding Bitcoin across three key dimensions: (1) Perfected Digital Energy, (2) Perfected Energy Conduit, and (3) Perpetual Gradient Minimization. In contrast to gold—traditionally seen as a “static” store of value requiring no ongoing energy to maintain—Bitcoin operates as a dissipative structure, fueled by continuous energy inputs from mining and human effort. Proof-of-work ties the creation of digital scarcity to the laws of thermodynamics, securing Bitcoin’s network through real-world energy expenditure and effectively transforming electrical power into “digital energy”. This design not only draws legacy capital into a lower-potential reservoir but also perpetually drives innovation in energy production, network security, and monetary architecture. By examining these three dimensions in tandem, the paper posits that Bitcoin’s adoption path becomes thermodynamically inevitable, compelling individuals, businesses, and societies to “work for Bitcoin” as it increasingly permeates the global economic landscape.
