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Why Bitcoin Requires Energy to Tether It to Reality
Michael Saylor: Last week I did a deep dive on proof of work and proof of stake. And one of the things that Jason Lowry has really outlined in what I think is a meaningful way is why Bitcoin requires energy to tether itself to reality. The whole premise that is required for the universe to function is conservation of energy, he says. In cyberspace, an object without energy is an image. A person without energy is a ghost. When you make a comment and there's no energy to back it, it lacks credibility.