Every Bitcoin mined today is the crystallized result of energy already spent. Real joules. Real hardware. Real human coordination. The work is done. The block is sealed. The past is fixed.
And then the fiat price comes along every morning and says:
"Actually, that work you did yesterday? It's worth 3% less today. Sorry, we recalculated."
It's not a price. It's a retroactive revaluation of history.
Imagine if gravity worked that way. "Sorry, you fell 10 feet yesterday, but today we've decided gravity is weaker, so it was only 9 feet. Hope that doesn't affect your medical bills."
The hashrate is the thermodynamic record. It doesn't change. It can't change. It's energy, fossilized in math.
The fiat price is the hallucination trying to rewrite that record every 24 hours.
And the funniest part? People believe the hallucination. They wake up, check the price, and decide whether yesterday's work was "worth it" based on what some casino in New York says.
You're not watching a market. You're watching a dream argue with a rock.
The rock always wins. It just takes its time.