McCoy on Nostr: New Years Post: What is “backing” #Bitcoin? : an immutable digital ledger, forged ...
New Years Post: What is “backing” #Bitcoin? : an immutable digital ledger, forged with real physical energy every 10 mins providing humans who don’t trust each other a means to exchange value. Difficulty adjusted proof of work. Secured by computational proof, not just cryptography. No CEO. No Government. No military. No small group of elite human deciders. No one should be “in-charge” of money.
Published at
2023-01-01 01:41:59Event JSON
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"content": "New Years Post: What is “backing” #Bitcoin? : an immutable digital ledger, forged with real physical energy every 10 mins providing humans who don’t trust each other a means to exchange value. Difficulty adjusted proof of work. Secured by computational proof, not just cryptography. No CEO. No Government. No military. No small group of elite human deciders. No one should be “in-charge” of money.",
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