Nostr Web Client

Proof of work was an idea, it is also in Bitcoin 's code, made up via code.

Make no mistake, Bitcoin has value because we agree it does. NOT because some guy or company spent energy mining it and securing it. Proof of work/mining help people feel good about using it. A more sound money helps people believe in it, and give it value. Nothing more.

Henry Ford suggested this a century ago. Using electricity markets and cost for a new monetary value system. It was around in other times as well. It isn't Bitcoin which created it or the idea.

Sooly⚡️سولي 🇱🇧🇧🇪🇦🇪🇦🇴 8mo ago

You can’t agree digital scarcity into existence. You prove it. Ford and others tried in vain. That’s the discovery.

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Discussion

Liberty Farmer 8mo ago

Of course you can.

This note, signed by my private key is 100% digitally scarce. That doesn't give it value.

Or better yet, the very first note. It was digitally scarce. No value.

Now, perhaps you, me and others here agree that nostr is better than X because of this ability to have digitally scarce social media postings. It now has value.

It has value because we all agree it has value.

An influencer on X however may not agree that it is valuable to have such a thing.