[npoc]

All sound money has been proof of work since the start of time. It is fundamental to a lasting and fair monetary system. We currently have a fiat system where the population have to work for it, while the elite can effortlessly print it, becoming ever more unjustly powerful as a result. They are looting the world.

Even today, gold miners are working to dig up their proof of work which they can sell into the market. If the work they did was worth more than the gold they found, they'd stop. And if was worth less, more miners would mine, increasing the supply and devaluing the gold.

The only difference with bitcoin is that the work is abstracted. It's simply anchoring the creation of a digital token to work in the physical domain. At the same time, the work performed is protecting the network from attack - it's what makes the blockchain immutable. The work is not wasted - it is being stored as "walls" on top of each block. The further down the block chain you go the more walls of protection you would have to break. It's breathtakingly beautiful.