update STAR part 1

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BugBud 4 years ago committed by GitHub
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@ -68,10 +68,12 @@ It from Bit symbolizes the idea that every item of the physical world has at bot
"... if we conceive of a being whose faculties are so sharpened that he can follow every molecule in its course, such a being, whose attributes are as essentially finite as our own, would be able to do what is impossible to us. For we have seen that molecules in a vessel full of air at uniform temperature are moving with velocities by no means uniform, though the mean velocity of any great number of them, arbitrarily selected, is almost exactly uniform. Now let us suppose that such a vessel is divided into two portions, A and B, by a division in which there is a small hole, and that a being, who can see the individual molecules, opens and closes this hole, so as to allow only the swifter molecules to pass from A to B, and only the slower molecules to pass from B to A. He will thus, without expenditure of work, raise the temperature of B and lower that of A, in contradiction to the second law of thermodynamics."
It was through study of information theory that we now know that it would take more thermodynamic work to gauge the speed of the molecules and selectively allow them to pass through the opening between A and B than the amount of energy gained by the difference of temperature caused by doing so. One of the most famous responses to this question was suggested in 1929 by Leó Szilárd,and later by Léon Brillouin. Szilárd pointed out that a real-life Maxwell's demon would need to have some means of measuring molecular speed, and that the act of acquiring information would require an expenditure of energy. Since the demon and the gas are interacting, we must consider the total entropy of the gas and the demon combined. The expenditure of energy by the demon will cause an increase in the entropy of the demon, which will be larger than the lowering of the entropy of the gas.
It was through study of information theory that we now know that it would take more thermodynamic work to gauge the speed of the molecules and selectively allow them to pass through the opening between A and B than the amount of energy gained by the difference of temperature caused by doing so. One of the most famous responses to this question was suggested in 1929 by Leó Szilárd,and later by Léon Brillouin. Szilárd pointed out that a real-life Maxwell's demon would need to have some means of measuring molecular speed, and that the act of acquiring information would require an expenditure of energy. Since the demon and the gas are interacting, we must consider the total entropy of the gas and the demon combined. The expenditure of energy by the demon will cause an increase in the entropy of the demon, which will be larger than the lowering of the entropy of the gas. What this means for WOW and money is that there is an energy cost to information and information can be used to translate value and energy in a physical system.
There will always be a cost to mine a WoW and the more mining power in the network, the higher that cost. This cost, ensured by the WOWs networks Proof-Of-Work algorithm, is as close to a pure energy cost as human activity gets. Once the mining rig is in place it is energy in, scarce token out. If the cost of production exceeds the current price of the token, the miner can just choose to not sell, thereby limiting the supply of WOW in circulation even more and eventually selling them for other goods whenever he so sees fit. In this sense, Wow is a battery. Not only that, but arguably the best battery ever invented. Storing and moving electrical energy had always been costly and wasteful. We havent got many efficient ways to do this. WoW offers a way of converting energy into a small part of a specific number. A mathematical battery, if you will. It is important to remember that it does not convert energy into value directly but rather electricity into digital scarcity. Digital scarcity which then can be programmed to express value.
WOWs resistance to ASICs is part of what allows more people to convert energy into value at a comparible scale than with Dodgecoin. If specialized hardware is used there wil be those who have disproportionaly high hashrate to energy consumption and again many additional bits need to be transfered about these shifts in technology and energy effeciency in order for users to calculate the energy from value and vice versa in the system. It is less effecient to determine value than if everyone uses genral purpose machines.
Energy cannot be created or destroyed in an isolated system as the first law of thermodynamics clearly states. WOW though, can express how much energy that was sacrificed in order to acquire a share of a limited supply. Most importantly because it is ASIC resistant everyone has an equal chance to sacrifice energy at the same scale. You can of course, also acquire WOW by buying them rather than mining them, but in doing so you also spend energy. You somehow acquired the money you bought the WOW with and that somehow came to be because someone sacrificed time and energy somewhere. WOW lets you express that you see that theres a connection between value and scarcity by sacrificing effort to be a part of the network.

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