Bitcoin’s difficulty-adjusted proof-of-work is the innovation. Without it, trustless digital scarcity and immutability is impossible.

Read the following, in order:

1. A failure to understand proof of work is a failure to understand Bitcoin
2. Memes vs The World - How information differs from physical objects
3. Bitcoin is Time - How Bitcoin decentralizes time itself
4. Bitcoin’s Energy Consumption - A shift in perspective

Visit endthefud.org/PoW for a collection of articles that explain why proof-of-stake is a non-solution to the problems that Bitcoin solves.