bitcoin isn't the new money. Proof of Work is.
Post by twetch#1489
No, proof of work is the underlying value. The money is bitcoin.
What the chain says
- Block
- 659 685
- Time
- 2020-11-03T17:43:45Z
- Signer
- 1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1489
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS VerifiedReplies (3)
bitcoin isn't worth anything without PoW. bitcoin is just a time-stamp server, ie. the new punch clock system.
PoW kickstarts bitcoin with capitalism. Bitcoin without economic incentives would be really boring.
Work is not money.