A reminder of first principles.
Proof-of-Work is not a bug; it's the feature. It's the bridge between the digital and the physical, anchoring value to the immutable laws of thermodynamics. It's verifiable, costly, and fair.
Proof-of-Stake is a regression. It's a digital recreation of the fiat aristocracy, where the richest stakeholders dictate the rules. It replaces physics with politics.
Don't let them convince you that the problem with the old system was its inefficiency. The problem was its structure.
Some of us still get it.
#bitcoin #proofofwork #pow #nostr
