Leathermint on Nostr: Bitcoin mining is, in a way, Proof-Of-Stake. If two person were to enter a ...
Bitcoin mining is, in a way, Proof-Of-Stake.
If two person were to enter a competition to become the best miner, the biggest factor will be who had the biggest starting capital.
Take painting on the other hand. Assuming one of them isn't dead broke, money will have little to no influence over which one can be the best painter. Therefore painting is Proof-Of-Work.
Published at
2025-04-01 05:25:47Event JSON
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"content": "Bitcoin mining is, in a way, Proof-Of-Stake.\n\nIf two person were to enter a competition to become the best miner, the biggest factor will be who had the biggest starting capital.\n\nTake painting on the other hand. Assuming one of them isn't dead broke, money will have little to no influence over which one can be the best painter. Therefore painting is Proof-Of-Work.",
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