5min chapter

Closing the Loop cover image

#25 - Gigi: Bitcoin Offers Deep Stability

Closing the Loop

CHAPTER

Pitcoin Mining, Proof of Work Is Progress Free Like That'

Most people do not realize that the energy that comes out of your socket was generated. Supply and demand has to be in almost perfect balance, like how much energy is produced and how much er er is consumed. And pitcon mining is absolutely perfect for that. It does a trillions and trillions separate jobs like it. Every single dice rolle, every sing, every singll guess, for a valid nonce, for avalid bitcoin block. There is no progress. Pitcoin mining, proof of work is progress free like that'. That's whyte so, so, so wonderful. But i am very optimistic because there are many ways you can get around this problem. You just have

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