Bitcoin Quokka on Nostr: Bitcoin is backed by: 1. The power required to mine it (hash) 2. The integrity of the ...
Bitcoin is backed by:
1. The power required to mine it (hash)
2. The integrity of the network (the nodes)
3. Consensus (the code + people with a stake in the network)
4. Free-market economics (decentralisation)
5. A trustless incorruptible ledger (security)
6. A rules-based self imposed digital economy (incorruptible money)
1. The power required to mine it (hash)
2. The integrity of the network (the nodes)
3. Consensus (the code + people with a stake in the network)
4. Free-market economics (decentralisation)
5. A trustless incorruptible ledger (security)
6. A rules-based self imposed digital economy (incorruptible money)