AndrewHoward on Nostr: The most meaningful things in life require work. This has been an observable fact ...
The most meaningful things in life require work. This has been an observable fact since the dawn of human existence.
#Bitcoin 's consensus mechanism, "Proof-of-Work", is a digital manifestation of this real-world principle.
This is also why the dollar, euro, peso, and all other fiat currencies inevitably have and will be guaranteed to be worthless over a long enough timeframe.
They require no work to produce and can therefore be easily created to satisfy the interests of those who have a monopoly over them (central bankers, governments and whoever else is in the club).
#Bitcoin 's consensus mechanism, "Proof-of-Work", is a digital manifestation of this real-world principle.
This is also why the dollar, euro, peso, and all other fiat currencies inevitably have and will be guaranteed to be worthless over a long enough timeframe.
They require no work to produce and can therefore be easily created to satisfy the interests of those who have a monopoly over them (central bankers, governments and whoever else is in the club).