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2026-08-21 15:41:54 UTC
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picofarad on Nostr: whit it's backed by work of miners. and therefore electricity. I know it's not the ...

it's backed by work of miners. and therefore electricity.

I know it's not the same as gold, but it is "backed" by something, *the miners*. the miners mine because they get paid in BTC to do so.

Mining is a misnomer, miners try to sign the current ledger with new additions by causing a SHA256(SHA256(ledger)) to result in a specific amount of leading zeros. The number of 0s is called the "difficulty".