Bitcoin | Individual Vs Collective #proofofwork #education #philosophy

Video Transcript

Bitcoin has a really interesting philosophical lens the physical energy and Mining side of the network is all about you and your strength as an individual in the physical world which is very apparent in our laws of nature on the digital side of Bitcoin it’s all about the network the strength of the

Collective and the number of connections that you make whether socially financially in the lightning Network it’s about your channels and so that comparison between the individual and the collective is very interesting to understand and to observe for example the individual minor versus the collective network of all

Miners if he’s producing 5x a hash of hash power and the network is 500 he’s earning 1% of all the Bitcoin Network Revenue his individual contribution is what he earns in return Bitcoin brings about a world where your individual contribution is recognized and valued