Piecover on Nostr: Proof of work means you get to keep your coins if you keep providing value to ...
Proof of work means you get to keep your coins if you keep providing value to society. When you try control things by using your bitcoin stack (no matter how big it is) you are spending those coins that you can't get back without POW, in contrast to the fiat system if you have money and influence you can maintain your position regardless how many stupid decisions you make.
Study #Bitcoin
Published at
2024-11-23 19:02:16Event JSON
{
"id": "4417c2baa2d361e9b3f672d5d38c297e3a2cb5c826a60292a38cb713f5f640d6",
"pubkey": "ad558fb5cbf53d44f00b1f73ebb976ce7e4cb425b6b3739a4096bca3c3f355a8",
"created_at": 1732388536,
"kind": 1,
"tags": [
[
"e",
"718f391e0413bd4c3f727ef7160fc770ce3af4a7779d1a35059827eb574f3647",
"",
"root"
],
[
"e",
"b215f6a5913ffe625d1cd8f46192580eec6cc3bcb9527b0b43497cdb304323c8"
],
[
"e",
"bc53a575576c53821d3af2c14803301548968487bef747fc5cdd6b76e4c076ba",
"",
"reply"
],
[
"p",
"ad558fb5cbf53d44f00b1f73ebb976ce7e4cb425b6b3739a4096bca3c3f355a8"
],
[
"p",
"7ca66d4166b16f54a16868191ba1c6386a976624f4634f3896d9b6740a388ca3"
],
[
"t",
"Bitcoin"
],
[
"t",
"bitcoin"
]
],
"content": "Proof of work means you get to keep your coins if you keep providing value to society. When you try control things by using your bitcoin stack (no matter how big it is) you are spending those coins that you can't get back without POW, in contrast to the fiat system if you have money and influence you can maintain your position regardless how many stupid decisions you make.\nStudy #Bitcoin",
"sig": "9e48290e9dd334c5dcd96b7a10c8eb3104826d7d5d6dd4789aef28146336cd6d8c8b6f6e0ac701c672c64738258b94e4b24d847fc46192efa8a6c717dc4d03e8"
}
