3cap on Nostr: Bitcoin mining is about distributing coins without seigniorage. Miners do not ...
Bitcoin mining is about distributing coins without seigniorage.
Miners do not "secure" the network.
Miners build digitally verifiable walls of energy around transactions to provide confidence that your transaction settled.
More confirmations = more digital walls of energy.
Published at
2023-03-02 03:28:59Event JSON
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"pubkey": "151b02c7ecd72c4f4ebaf696677ba00940dc12f07bc0d86c85d42b6d01a71b3a",
"created_at": 1677727739,
"kind": 1,
"tags": [],
"content": "Bitcoin mining is about distributing coins without seigniorage.\n\nMiners do not \"secure\" the network.\n\nMiners build digitally verifiable walls of energy around transactions to provide confidence that your transaction settled.\n\nMore confirmations = more digital walls of energy.",
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