The entrophy is the concept that should be studied if you really know why #bitcoin is the best money that mankind ever invented.
I’m getting fascinated by each day.
The entrophy is the concept that should be studied if you really know why #bitcoin is the best money that mankind ever invented.
I’m getting fascinated by each day.
You nailed it. But keep it simple. #Bitcoin is your energy/work STORED as energy/work by the system using math, so you can use your stored energy/work at ANY future time YOU want.
In Bitcoin terms - no one controls your efforts in life but YOU if you save/store/use Bitcoin.
It's so simple it's illusive. It's what humans have been trying to discover for thousands of years since the time of bartering for goods/services started.
Yes, we can say that bitcoin is energy (not work, that’s a misconseption in physics terms), but it’s also applicable for every other fiat and shitcoins. Entropy is what differs bitcoin. Due to the arrow of time, no one can bring back the energy you spend for any spesific work. Sometimes, work can be undone, but with consuming more energy. That’s the magic of the entropy, it makes reliving the past and undoning a work impossible.
Bitcoin uses PoW mechanism to back your time and energy with entropy and that makes the value of your efforts immutable.