[eniotna]

It doesn't, proof of work is what makes Bitcoin unique. (1) Having to spend physical resources better aligns incentives (2) Proof of work is decentralized and fair

It's a worthwhile tradeoff.

[mrguyorama]

Proof of work explicitly gives those with more resources more power. How is that "fair"? Bitcoiners complain that staking systems are somehow worse, but it's the exact same dynamic, just one uses less electricity.

[DANmode]

BTC doesn't purport to fix "dog-eat-dog" or "might is right" in human society, but does "fix" governments being able to manipulate the value, supply etc of money.

[MerelyMortal]

What makes it unique is the name recognition. It wasn't the first project to use proof of work, and it wasn't the last either.

[gardenhedge]

What was the first?

[e9]

Gold etc You have to apply physical work to dig it out etc

[MerelyMortal]

Hashcash

[Frannyies]

It's not as you can't control the dezentralizatiin.

50% attack is real.

The best is our grown PoS system we currently call us dollar, euros etc.

Bitcoin not even solved the account recovery feature or any fraud protection.