3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Proof of Work for Bitcoin

"I thoroughly believe in proof of work, but I also try to like challenge the idea," he says. "It shouldn't just be that the people that hold the most coins can just sit there and get fat, dumb and happy on transaction fees by literally doing nothing." If you're trying to move a hundred million dollars in equivalent Bitcoin units at this point in time, it's not clear how many are out there or where they'll end up being used.

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