Difficulty itself is intersubjective too. Bitcoin objectively does not require any energy to run. These are the rules that we agreed on.
However I do agree that these intersubjective rules anchor Bitcoin in objective reality.
Difficulty itself is intersubjective too. Bitcoin objectively does not require any energy to run. These are the rules that we agreed on.
However I do agree that these intersubjective rules anchor Bitcoin in objective reality.
> Difficulty itself is intersubjective too. Bitcoin objectively does not require any energy to run.
No energy required means a system that is easily overwhelmed by an attacker. PoW is an essential part of a decentralized network security.
It's the most resilient system we currently have to hold, receive and transfer value without involving 3rd parties including the state itself.