No, proof of work is the underlying value. The money is bitcoin.
Post by twetch#2099
bitcoin isn't worth anything without PoW. bitcoin is just a time-stamp server, ie. the new punch clock system.
What the chain says
- Block
- 659 685
- Time
- 2020-11-03T17:43:45Z
- Signer
- 1FjqZ4yEiWdHrJtNoQtfsqd27JwYXsL8aR
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2099
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1FjqZ4yEiWdHrJtNoQtfsqd27JwYXsL8aR VerifiedReplies (2)
PoW kickstarts bitcoin with capitalism. Bitcoin without economic incentives would be really boring.
Work is not money.