3min chapter

The "What is Money?" Show cover image

Bitcoin and the Sanctity of 21M | The Twilight of Gold Series | Episode 2 (WiM130)

The "What is Money?" Show

CHAPTER

Energy and the Dollar System, Is Proof of Work

Every monetary system has at its core proof of work. If you peddling a monetary system that doesn't have proof of work, then you are marketing a lie. The dollar is based on a several things. Number one, oil is priced dollars. That's very clearly a measure of energy resources as priced in dollars. Also, ts the Military. Like, how much entrope can the us? Deliver at a distance, and thus be the police for the world? And the security guarantee gives our dollars value. Again, that is a proof of work system.

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