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BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Proof of Work and Bitcoin Mining
Bitcoin has other safety measures in place where you can't get more Bitcoin, but at the same time, understanding that nothing of value comes without expending energy. In order for Bitcoin to have value, proof of work is essential for it. The consensus rules are the consensus rules and nobody can change them. And what effectively a proof of stake system does, much like JP Morgan Chase and Wells Fargo and Bank of America, it combines validation with ownership.
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