Eli, you propose this number of bits metric as a way "to quantify the power of a mind". Surely then, something with a very high value in your metric should be a "powerful mind"?
It's easy to come up with a wide range of optimisation problems, as Phil Goetz did above, where a very simple algorithm on very modest hardware would achieve massive scores with respect to your mind power metric. And yet, this is clearly not a "powerful mind" in any reasonable sense.
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Eli,
Do you think that makes "God" a natural category that any superintelligence would ponder?
Yes. If you're a super intelligent machine on a mission there is very little that can stop you. You know that. About the only thing that could stop you would be some other kind of super intelligent entity, maybe an entity that created the universe. A "God" of some description. Getting the God question wrong could be a big mistake, and that's reason enough for you to examine the possibility.