Holding a BTC wallet, is essentially, owning your own bank. Well, more of a Credit Union, as you can not just pretend funds into existence. That would be Ethereum.
It's called proof of work, and the coins you hold are a reward for solving blocks. These encrypted blocks are the results of work effort. Is this not preferable to the current banking system?
To secure the network. Your work directly secures the network from abuse in a trust-less (no one trust anyone on the network) system of encryption.
It's the equivalent to adding an extra lock to the bank vault every ten minutes. For which you are rewarded. These digital locks hold tangible value created from work effort.
Holding a BTC wallet, is essentially, owning your own bank. Well, more of a Credit Union, as you can not just pretend funds into existence. That would be Ethereum.
It's called proof of work, and the coins you hold are a reward for solving blocks. These encrypted blocks are the results of work effort. Is this not preferable to the current banking system?
To secure the network. Your work directly secures the network from abuse in a trust-less (no one trust anyone on the network) system of encryption.
It's the equivalent to adding an extra lock to the bank vault every ten minutes. For which you are rewarded. These digital locks hold tangible value created from work effort.