Bitcoin Mining 101 with Sam Wouters (WiM320)
The "What is Money?" Show
00:00
The Importance of Proof of Work Mining to Bitcoin
A lot of people never get into Bitcoin is because their only touch points with it are those headlines in the mainstream media that they pick up over the years. They just accumulate all those headlines over the years, and then that is their perception of Bitcoin. So if you don't understand that connection, then you might fall for things like proof of stake or proof of this or proof of that. It's crazy to me that it even catches on because it looks like a crazy pyramid scheme," he says.
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