The miracle of Proof of Work (PoW). Software + Hardware + Electricity = The only Energy encrypted Immutable Hard Money on the planet. #[0]
https://dergigi.com/threads/pow-is-essential
To summarize: proof of work is not only useful but absolutely essential. Trustless digital money can't work without it. You always need an anchor to the physical realm. Without this anchor, a truthful history that is self-evident is impossible. Energy is the only anchor we have.
Proof of Work (PoW) = trust physics to determine what happened.
Proof of Stake (PoS) = trust humans to determine what happened.
Addendum: I have a lot of sympathy for everyone who thinks that Bitcoin is wasteful. I thought so too, and I had to shift my perspective. Like most people, I didn’t know anything about (sound) money.
Addendum, part two: The problem of agreeing on a common time in an adversarial decentralized system can't be solved precisely, not even in theory. Proof of work is a practical, probabilistic solution to this intractable problem.
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Saylor:
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Filling the PoW Bathtub here, send me anything you want in here (i.e. I hate the graphic I found) https://bitcoinapolis.blogspot.com/2023/03/bitcoin-proof-of-work-pow-is-secret.html
