3min chapter

The Blockchain Socialist cover image

Venture capitalists steal from the future with David Z Morris

The Blockchain Socialist

CHAPTER

The Importance of Proof of Work Mining in Cryptocurrency

The most deeply fascinating thing to me about crypto is that the mechanism design of proof of work mining incentivized the creation of this global platform as you're saying. There's never been anything right that is as globally interoperable and accessible as the Bitcoin network I mean literally like maybe somebody could come up with some example but global systems are always patchwork up until this point.

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