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Uncle Cham /
npub1xry…7my5
2024-09-11 15:31:50

Uncle Cham on Nostr: If someone says that your #bitcoin is just computer bits like any other information ...

If someone says that your #bitcoin is just computer bits like any other information stored on a computer, and that the proof of work behind it doesn’t matter, print them a bank passbook lookalike and ask if they are willing to exchange it for their actual bank passbook.

We can see that what is important here is the work done under the hood. Proof of work for bitcoin, while all the work done by the people to record and maintain the ledgers for the bank.
Author Public Key
npub1xrynm8s8trwx4zmqs05z8gpjpzqr29xwmfa6q5zq7zhnpanxfl3spg7my5