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timbo
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2023-04-16 14:00:15

timbo on Nostr: The PoW mechanism requires energy and computational power to solve the problem, ...

The PoW mechanism requires energy and computational power to solve the problem, making it difficult for any single actor to take control of the network.

The more computational power and energy invested in the network, the more secure it becomes.

In this sense, #Bitcoin  is *backed* by energy and compute b/c they are integral to its creation, security, and overall value prop.
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npub1hxph8lky24f2r0faqtels7n5lm63nn6lg5xl8gjvrdjgrdz5m4vsyl70vw