$BTC is “energy money” generated by peer-to-peer cryptography. Its substance is neither code nor credit, but the energy consumption of computation itself. Tencent Q-coin is virtual currency created by internet technology. It relies on a centralized platform and is essentially “platform points.”

POS/BFT cryptocurrencies are “credit-code money.” Their security comes from rules and governance, not from physical energy. (Essence: trusting code, not trusting the physical world.)

The essence of peer-to-peer cryptographic technology

It is not simple cryptography, but: Turing’s ordinal logic system ⟂ Nash’s non-cooperative game — together forming a centerless, sustainably self-driven computational structure.

This is Bitcoin’s underlying framework: A decentralized time-service system whose material is computation power.

Why have $BTC and $NVDA been the strongest for 20 years?

Because they share the same essence: “Energy → standardized into computation → computation can be freely priced”

• $NVDA: provides scalable computation
• $BTC: turns computation into freely transferable energy money

Computation power is becoming the most fundamental economic unit of the 21st century.

What is GEB doing?

Turning computation power into something liquid and monetizable, enabling AI and energy money to circulate peer-to-peer.

In other words:

• Bitcoin uses the PoW algorithm to convert energy (also called computation power) into money
• NVDA provides computation hardware
• GEB enables computation power to flow like BTC

This is the path that unifies Bitcoin computation and AI computation. This is the main storyline of next-generation crypto-economics.