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BTC077: Bitcoin Solves the Time Stamping Problem w/ Gigi (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Bitcoin and Proof of Work
Bitcoin was created by sotosi in the mathematical space, and miners are just digging it out. You do not create bit coin by transmuting energy into bitcoin. The energy is there for something else to solve thecoordination problem. And that's why bicon is not fiad money. It just is not. It is very real money, very much like gold, but it's way, way better than gold. We know exactly how much bitCoin will exist - we fixed its supply schedule with certainty. If you don't use proof of work, information itself behaves like a physical, tangible thing. Without that, you will always fall back to 'trust us'
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