Bitcoin and the Bible: Lessons on Money, Sacrifice, and Integrity

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Work, Save, Bitcoin

Күн бұрын

Пікірлер: 27

@Amyls64 Күн бұрын

Bitcoin Resembles the hebrew word Bitachon and the word Bitachon means to "trust in" "Confidence in"

@jauschua Күн бұрын

"bitcoin derives its value from proof of work: the energy and effort expended to create and secure it" is probably the most pervasive misunderstanding in crypto bitcoin gets it's value from the trust people place in it. proof of work is merely a trust producing mechanism

@WorkSaveBitcoin Күн бұрын

It’s a trust producing mechanism - precisely. It builds trust and something that has so much energy backing it is inherently valuable. Everyone wants an asset that is trustful…

@jauschua 14 сағат бұрын

@@WorkSaveBitcoin "something that has so much energy backing it is inherently valuable" - this is the fundamental misunderstanding. it's subtle, so I get why people miss it. but I'll try to make it as clear as possible. the fact that proof of work requires energy is secondary to the fact that the miner paid some cost. what matters is that participants can verify a cost paid; that’s what builds trust. the trust mechanism works via a proof of costliness: if you can prove you've paid a cost, and everyone can verify the cost you've paid, then everyone can assume you are trustworthy. it actually doesn't really matter what form the cost comes in. it could be anything. the reason energy is used in bitcoin's case is because satoshi figured out that if someone finds a specific magic number for any given block, the only way they could do it is via guessing and checking, thus expending energy, thus incurring a cost. the energy used in mining is only relevant in that people can be confident that the miner incurred a cost to find the magic number. it's the cost they were willing to incur that makes them trustworthy, not the energy they spent. and it's the trust people are willing to put into the system as a whole that makes bitcoin valuable. the bitcoiner obsession with the energy used, and their belief that it is somehow connected to bitcoins inherent value, is why they were wrong about proof of stake. both proof of work and proof of stake create trustworthy blockchains because what builds trust is that participants can verify that a cost has been paid.

@jauschua 6 сағат бұрын

@@WorkSaveBitcoin "something that has so much energy backing it is inherently valuable" - this is the fundamental misunderstanding. it's subtle, so I get why people miss it. but I'll try to make it as clear as possible. value ≠ ‘energy backing’: the confusion often arises when people say: “bitcoin is backed by energy; hence, it has intrinsic value.” however, just burning energy in itself does not create value. the fact that proof of work requires energy is secondary to the fact that the miner paid some cost. what matters is that participants can verify a cost paid; that’s what builds trust. the trust mechanism works via a proof of costliness: if you can prove you've paid a cost, and everyone can verify the cost you've paid, then everyone can assume you are trustworthy. it actually doesn't really matter what form the cost comes in. it could be anything. the reason energy is used in bitcoin's case is because satoshi figured out that if someone finds a specific magic number for any given block, the only way they could do it is via guessing and checking, thus expending energy, thus incurring a cost. the energy used in mining is only relevant in that people can be confident that the miner incurred a cost to find the magic number. it's the cost they were willing to incur that makes them trustworthy, not the energy they spent. and it's the trust people are willing to put into the system as a whole that makes bitcoin valuable. the bitcoiner obsession with the energy used, and their belief that it is somehow connected to bitcoins inherent value, is why they were wrong about proof of stake. both proof of work and proof of stake create trustworthy blockchains because what builds trust is that participants can verify that a cost has been paid.

@ernieburt5587 16 сағат бұрын

There was only one immaculate conception and it is not Bitcoin. Good stewards of the Bitcoin discovery...Yes.

@Judson-p9v Күн бұрын

Great Headline bro... 🧡BTC is a gift from God to free us once and for all from the money-changers.

@ryanmorrissey9771 Күн бұрын

Love bible comparison very interesting

@BadDaddyVegan Күн бұрын

Well said.

@timothytiu1333 Күн бұрын

I sold my bitcoin at 103k usd. Bought it at 17k. Godbless you all

@emmanuelbeltran1936 Күн бұрын

Hasn’t even dropped to that level

@SuperTGTV Күн бұрын

He bought years ago v@@emmanuelbeltran1936

@c4ptaingames11 Күн бұрын

how did you know to buy it AT 17k

@WorkSaveBitcoin Күн бұрын

Why would you exchange a strong asset for a dying one?

@cryptojoecoin5480 Күн бұрын

@@WorkSaveBitcoinbecause it’s a bot. You know you’re on the right path when you see fake comments like this. You won’t get an answer to your logical question. Never sell your Bitcoin and watch their central bank system of theft shrivel up and disappear.